Under-Construction Apartments vs. Ready Flats: Where Should You Invest? Buying property in Bangladesh is a huge financial decision. You may have faced this dilemma—whether to go for an under-construction apartment or a ready flat? Both options have their advantages and challenges.

Under-construction apartments cost less and offer flexible payments but may face delays. Ready flats are pricier but provide immediate move-in and rental income. Investors wanting growth may pick under-construction. Buyers needing stability should go for ready flats.

I remember the first time I seriously considered investing in an apartment. A developer offered me an amazing deal on an under-construction flat. The price was lower than anything else I had seen, and the location seemed promising. But a part of me wondered—would it actually be finished on time? Let’s explore!

Cost Differences

Under-construction apartments are more affordable than ready flats. Developers offer lower prices in the early stages to attract buyers. These discounts can be significant, but they come with a wait time.

A few years ago, I compared a ready flat in Mirpur with an under-construction one in Uttara. The under-construction flat was almost 25% cheaper. But I realized that if the project got delayed, I’d have to keep paying rent for my existing home. This extra cost could cancel out the initial savings.

In Dhaka and Chattogram, ready flats are expensive because of high demand. While the initial cost of a ready flat is higher, it saves buyers from delays and unexpected expenses. I’ve seen people buy ready flats and immediately rent them out, covering part of their EMI payments.

Payment Flexibility

Buying an under-construction flat allows for installment payments. Developers break the total cost into stages, making it easier to manage. This flexibility reduces the financial burden for many buyers.

I know someone who bought an under-construction apartment in Bashundhara and paid for it in installments. It worked well for him since he didn’t have to take out a big loan. But another friend struggled—he had already paid 80%, and the project got delayed for two years. He had to keep paying rent elsewhere while waiting for his new home.

Risk Factor

Under-construction flats come with risks. Project delays are common due to funding issues, legal disputes, or poor project management.

I have personally seen people stuck in limbo for years because their projects were halted. A friend of mine booked an apartment in a well-known developer’s project, only for it to be delayed indefinitely due to a land dispute. He lost money, time, and peace of mind.

Ready flats eliminate these risks. Since the property is already built, there is no uncertainty about completion. However, verifying ownership is essential.

One of my friends bought a ready flat only to find out later that it had been sold to multiple buyers! He had to go through a lengthy legal battle to get his money back. Since then, I always tell people—double-check legal documents before paying anything.

Investment Returns

Under-construction properties tend to appreciate as they near completion. Investors who buy early often make good profits. However, this approach requires patience and the ability to handle delays.

I’ve seen people buy under-construction flats in areas like Purbachal and sell them later at a good profit. But this strategy doesn’t work for everyone. Some projects don’t appreciate as expected, especially if infrastructure development is slow.

On the other hand, ready flats generate rental income immediately. I know investors who purchased flats in Banani and started earning rent within a month. If immediate income is a priority, a ready flat is the better choice.

Customization and Modern Features

New projects come with modern layouts, better amenities, and smart designs. Many developers allow buyers to choose flooring, fixtures, and even layouts.

When I was looking at under-construction properties, I loved the idea of customizing the kitchen and bathrooms. But I also realized that developers often charge extra for every little change.

Ready flats, especially older ones, may need renovations to meet personal preferences. Renovation costs can add up, making a ready flat more expensive than it initially appears.

Legal and Regulatory Concerns

Buying an under-construction flat involves legal risks. Not all projects have the necessary approvals. Verifying land ownership, project approval status, and the developer’s track record is essential.

The Real Estate and Housing Association of Bangladesh (REHAB) maintains a list of reputable developers. Choosing a project from a trusted developer reduces risks.

Ready flats usually have clear legal records. However, fraudulent sales and disputed ownerships still exist.

Conducting a thorough background check and consulting a lawyer before purchasing can prevent legal troubles.

Timeframe for Buyers

A buyer’s urgency plays a big role in deciding between these two options. If moving in immediately is necessary, a ready flat is the only option.

Under-construction properties require waiting, sometimes for years. Many areas in Dhaka, such as Uttara, Mirpur, and central parts of the city, have high rental demand.

Buying a ready flat in these areas can provide a steady rental income. On the other hand, if time is not a concern, investing in an under-construction project in a developing area can bring higher returns in the future.

Maintenance and Hidden Costs

Newly built apartments usually have lower maintenance costs initially. However, as the community develops, maintenance fees tend to rise.

Many new societies introduce high monthly charges for security, cleaning, and common facilities. Ready flats, especially older ones, might require repairs.

Plumbing, wiring, and structural issues are common in old buildings. Some areas in Dhaka and Chattogram face waterlogging and drainage issues, increasing maintenance costs over time.

Checking these factors before purchasing helps avoid unexpected financial burdens.

Resale Value

Properties in prime locations appreciate quickly. Under-construction flats in growing areas tend to see a rise in value by the time construction is completed.

Investors looking for long-term gains often prefer such properties. However, resale depends on market conditions.

Ready flats in richest area in Dhaka like Bashundhara, Gulshan, and Dhanmondi have strong demand. While they might not appreciate as fast as newer developments, they are easier to sell due to immediate usability.

A well-maintained ready flat in a good location holds value over time.

Final Decision: Which One to Choose?

Choosing between an under-construction flat and a ready flat depends on priorities. Personally, I lean towards under-construction properties for long-term investment. But I also know that they come with risks.

If stability, immediate returns, and a hassle-free process matter more, a ready flat is the better option. If I were buying my first home today, I’d probably choose a ready flat in an area with strong rental demand. But if I had extra funds and was looking for a long-term investment, I’d go for an under-construction flat in a developing neighborhood.

One thing I always tell people: no matter which option you choose, research the developer, check legal documents, and assess location growth before making a decision. A little caution now can save years of regret later.