Kochi is a thriving, bustling multicultural city with a diverse economic landscape. The presence of an international airport and a seaport facilitates international trade. It has excellent rail and road connectivity, healthcare facilities, and educational institutions, and is a major IT hub of the state. There are innumerable opportunities for entrepreneurship and employment in the city. This answers the question, Why is Kochi the ideal location for a family to settle down?
If you are considering a move to Kochi, you must seriously think of getting your own home; especially if you have a young family. A home provides security comfort, and even prestige. One of the biggest financial benefits of buying a home in Kochi is that you can sell it off for a good profit at a later date if you wish to.
It is obviously very exciting to think of owning your own home but is also a great responsibility. You have a number of decisions to make, and matters to consider, like:
- Checking the real estate market trends in Kochi to know the prices, best projects, builders, locations, and types of property
- Your budget for the house
- How big a house you want
- What amenities do you need in the flat you purchase
- Reputation of the builder
- What savings do you have
- Home loans, lenders, and comparisons
- Checking out properties online
- Physically visiting flats and projects to make a decision
- Getting feedback from previous buyers
All these things mean a lot of visits to a lot of places and a lot of paperwork to do. You will be very busy with many official things to be completed. After that too, you will need to dedicate time, money, and effort, to setting up your house, doing up the decor, getting furniture, initial stock of groceries and other essentials, artwork and so on.
Mind you, you will need to take care of all these tasks while still working at your job, and taking care of your family. If you have young children, it can be a lot of hard work. Buying a house, therefore, can be pretty stressful, in all the different stages of the process. Which is why, it is a great idea to call your parents for help.
How Can Parents Support You in the Home Buying Process?
Your parents can take away many of the responsibilities and a lot of the stress in this period. Let us see how:
Expert Advice
As people who have already undergone most of the stress and situations that you are undergoing now, they are sure to have some great advice for you. From their own experience of house hunting and purchasing, they will be able to steer you away from the pitfalls, tell you what to look out for, and help you in the selection process. They are more likely to be well-versed with the legal aspects, financial implications, home loans, etc. Parents can help you sift through the various lenders and choose the product best suited for you.
Your Kids Will be Taken Care of
Why leave your parents in daycare when they can be in the company of their loving grandparents? Not only will they be better taken care of, they will get a lot of love, and get to learn many things as well. It is good for children to bond with them.
Financial Support
Most parents are likely to help out their children financially by gifting or loaning money, allowing them to pay a larger down payment to the builder and apply for a smaller loan. This means that your monthly EMIs will be smaller, and you can pay off your home loan quicker, and pay less interest. OR, they may help you with the EMIs by paying you a certain sum each month. Either way, you can reduce the financial burden on your head.
Emotional Support
Parents can comfort you, and help you out at home by taking care of niggling chores like getting groceries, watering your plants, cooking meals occasionally, and so on. They can relieve your stress just by being there for you.
Conclusion
In the home-buying process, parental support can be a great support, helping you relax when you feel overwhelmed. You can also avoid stress by purchasing an apartment from Varma Homes. A leading builder in Kerala, Varma Homes provides a hassle-free purchase experience and provides exceptional customer service during the entire process.
Experience unparalleled luxury and comfort in the heart of Kochi with Varma Homes. Explore our exquisite collection of luxury flats in Kochi, designed to provide you with a perfect blend of style, convenience, and exceptional customer service. Don’t miss the opportunity to make one of these prestigious addresses your new home. Visit us at [website URL] or call us today to book your viewing and discover how Varma Homes can elevate your living experience. Your dream home awaits!
FAQ’s
Why is Kochi considered an ideal location for families to settle down?
Kochi is a vibrant, multicultural city with excellent connectivity, healthcare, educational institutions, and a booming IT sector. The city’s infrastructure, including an international airport and a seaport, supports international trade, creating numerous opportunities for employment and entrepreneurship, making it an attractive place for families.
How can parental support be beneficial during the home-buying process in Kochi?
Parental support can significantly ease the home-buying process. They can offer expert advice based on their own experiences, assist with the legal and financial aspects, and provide emotional and physical help during the stressful phases of buying and setting up a home. This can include taking care of young children, helping with household chores, or providing financial support to lessen the burden of down payments and monthly EMIs.
What are some key considerations when buying a home in Kochi?
When purchasing a home in Kochi, consider the real estate market trends, your budget, the size and type of property you need, amenities offered, the builder’s reputation, and the availability of home loans. It’s also important to check properties online, visit flats physically, and seek feedback from previous buyers to make an informed decision.
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