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Present Day Risks Involved in Self Construction

Ready built home is the recent attraction for investors and this is absolutely a big revolution in the property sector where in earlier days people prefer to construct their house with masonry labours. Though the need for own house is always there, yet, real estate companies have made a great difference in enhancing the possibilities for many people to get a house of their own at affordable cost. When we compare the cost of self construction with that of ready built house the pricing is relatively lesser than spending on plot and construction cost exclusively. In addition, time factor is another reason that urges people to choose apartments in the place of self constructed homes.

1. Difficulties in finding a plot in better locality

Earlier self construction was found to be the economic and best option, however with increase in plot value and labour cost it has become quiet impossible to manage self construction unless the owner is financially strong. However, self construction appears to be risky in today’s lifestyle. Finding a better locality is almost impossible as the consumer should for accessibility features apart from investing in construction.

2. Increase in plot or land rate

Infrastructure activities and the advent of industries and living needs within the vicinity of working areas have been considered prominent factors for increase in land value. Especially when it comes to India, NRI’s prefer India to be the best place for property investment hence, plot rates have considerably increased within the past decade. Thus people find it difficult to spend money to buy even small portion of land in main locality.

3. Finding labour at affordable wages

As cost of living has increased worldwide, labour charges for construction have also increased a lot. Hence, some people fear to bear the labour cost and shift over to ready built house which they found to be the best alternative.

4. Difficulties in managing Labour activities and construction works

Managing Construction works and labour activities is a rough job that cannot be handled without prior experience. Finding a real estate developer who has good housing projects focused in your locality is a good option to stay away from labour related risks. For instance, if you are looking out for property at Ahmedabad, you must search for 2 or 3 or 4 bhk flats in Ahmedabad. In addition, hunting for luxury homes in Ahmedabad can also fetch you results offered by real estate companies in Ahmedabad.

5. Possible risks to bring construction ingredients

In this busy scenario time management is a tough challenge for working people hence; they fail to cope up with self construction. Managing construction needs like raw materials supply or selection of quality materials and bring them to the site on time has lot of difficulties. You can avoid such risks by finding out availability of new residential projects in Ahmedabad offered by reputed real estate developer like Pacifica Companies.

6. Delay in Time of Construction

Getting the construction work done within the time frame is more important in addition, if it gets delayed you may have to bear the labour cost for every addition day extended to complete the project. However, this risk can be completely avoided in ready built homes.

When you compare the risks involved in self construction, ready built apartments stays the better and safe option. Moreover, finding a builder who can provide all the amenities at affordable cost is a valuable investment than self construction.

This article has been written by working with Pacifica Companies. Pacifica Companies is a US based real estate company known for its world-class construction projects across US and India. Various innovative residential and commercial projects like apartments, township homes, bungalows, villas, IT parks, mixed use projects and commercial buildings complete the diverse portfolio of the builder.

 
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