The Positive Impact of Parental Support on Home Buying in Trivandrum

Posted onJan 22, 2025

Is Trivandrum the ideal location for a family to settle down? Yes, for these reasons: As the capital city of Kerala, it houses a number of important government offices, research facilities, a rocket launching centre, exceptional hospitals and other healthcare facilities, and excellent educational institutions.

 It is also very well-connected by road, rail, and air. The additional benefit of a seaport facilitates international trade and commerce. It is a major IT hub for Kerala, and the Kazhakkottam IT township hosts several startups, incubation facilities, and more. All these factors mean that there is tremendous opportunity for entrepreneurship, employment, and growth.

These are more than enough reasons to settle here. In that case, you should follow the 

real estate market trends in Trivandrum, so that you can buy the best home for your family. After all, it’s not a simple decision, and you need to consider many things, like the type of property, the builder, the square feet area, location and so on. 

The most important factor that should be on top of your mind, is the cost of the property. The apartment you buy should not only have what you need, but it should also be affordable for you. 

Apart from that, house-hunting is a lot of work; you may have to visit multiple projects, make comparisons, look out for home loans, and so on. Meanwhile, you also have to go to work and take care of things at home, like children, medical issues, food, school, and others. It takes a lot of effort and can become very difficult.

Comparing financiers, applying for loans, and talking to numerous people; all can sap your energy. Even after you finalize the deal, there is going to be a lot of paperwork. Also, you will still need to set up the house: furniture, home linen, appliances, kitchen, light fixtures, and other essentials.

This is why, it is a good thing to have your parents’ support. 

The Benefits of Parental Support in the Home Buying Process

As someone who is starting in life, your parents can help you in many different ways when you are trying to buy your first home:

Expert Advice

Most parents have gone through the process of buying or building a home, and they will know what to look for, what to avoid, how it can impact you financially, tax-wise, effort-wise, and more. You can also discuss the advantages and disadvantages of smart homes Trivandrum. They can also help you to fill out the paperwork, check the documents and more, as they are aware of what is required, and so on. Parents can also help you choose the right type of loan from the right lender.

Financial Support

Parents can lend or gift you some money to reduce your loan money so that you don’t have a huge burden on your head. Being able to pay a bigger down payment will also help you reduce your EMI and overall interest payable.

Help with Children

If you have young children, your parents are the best people to take care of them when you make multiple visits to builders, banks, government offices, and so on. Rather than leave them with professional babysitters or drag them with you everywhere, you can be relaxed, knowing your children are with people they love.

Emotional Support

Just with their presence, parents can provide a great deal of emotional support. They can pitch in with household chores like buying groceries, cooking food, helping with kids’ homework, and so on so that your energy can be completely given to the home-buying process.

Conclusion

Having supportive parents can be a huge relief when you are looking to buy a house. Talk to your parents and ask for their help, they will be glad to support you in whichever way they can. Varma Homes can help make your home purchase hassle-free with our exceptional customer service, and professional advice, and help you with finding financing. As one of the leading builders in Kerala, our projects are RERA-approved, well laid out, and feature superior amenities.

At Varma Homes, we are committed to redefining luxury living. As distinguished Builders in Trivandrum, we ensure that every property we develop offers unparalleled luxury and state-of-the-art amenities. Click here to view our portfolio and find out how we can help elevate your lifestyle to the next level.

FAQ’s

How can parental support enhance the home-buying experience in Trivandrum? 

Parental support can significantly ease the home-buying process in several ways. With their experience, parents can offer expert advice on what to look for in properties and help navigate financial decisions, including comparing loans and managing paperwork. Financially, they can contribute to the down payment, reducing the loan burden. Additionally, their support with childcare allows you to focus on house-hunting and dealing with legal formalities without added stress.

What are the main benefits of settling down in Trivandrum for families?

Trivandrum is an ideal location for families due to its comprehensive infrastructure and vibrant community. As the capital city of Kerala, it boasts top-tier educational institutions, healthcare facilities, and robust transport connectivity including a seaport and IT hub. These elements create a fertile environment for employment and entrepreneurship, making it a smart choice for families looking to settle in a dynamic yet stable community.

Why is it important to consider parental advice when buying a home in Trivandrum? 

Parents often have valuable life experiences, including previous home purchases which equip them with practical insights into the real estate market. Their advice can be crucial in evaluating the long-term implications of property investment, understanding the nuances of smart home technologies in Trivandrum, and ensuring all documentation is thorough and accurate. This can prevent costly mistakes and enhance the overall investment value of your home purchase.