How To Buy An Apartment In 2022 By Following These New Year's Resolutions?
How To Buy An Apartment In 2022 By Following These New Year's Resolutions?
A new year brings new opportunities so make a plan to live a
better and more financially secure life this year. If buying a home is on your New Year's
resolution list, there are a few things to do before hitting the goal. Because
a home is likely to be the biggest investment you will ever make. So, figure
out how to build a series of smaller, more doable commitments to assist you in
achieving your New Year's Resolution of purchasing your dream house this year.
Here are a few ideas to help you with your planning.
Make a Budget Strategy
If you've made the decision to buy, manage your finances
& determine how much money you'll need for a down payment. This might range
from ten percent to twenty-five percent of the property's value. Remember that
the larger your down payment, the lower your EMI & the less stress you'll
have on your monthly budget. The key to making this goal a reality is financial
discipline. So, start saving costs, avoiding needless purchases, paying off
debts, & maybe expand your earning stream to increase your down-payment
money.
Improve Your Credit Score
If you apply for a house loan, your credit score will determine whether you're approved and, if so, what your interest rate will be. So, you need to improve your bad credit score as quickly as possible. Here are some tips to help you improve your credit score.
Credit cards, if used wisely, can be beneficial to improve your score. Taking a few loans or purchasing consumer products using long or short-term loans will improve your credit score.
Pay your credit card payments on time and make sure you always keep a tab on the credit limit to be financially safe and avoid paying extra interest.
Keep an eye on your credit report and, if required, rectify any inaccuracies immediately.
Remember,
until you get a good credit score, you might have trouble getting a loan or you
will end up paying a high-interest rate.
Keep Your Documents Ready
You might be wondering what to do now that your credit score
has improved & you've saved enough money for a down payment. It's time to
get all of your home loan paperwork organized. To get pre-approved for a loan,
you'll need to submit a slew of documents, & the financial institution will
almost certainly keep giving you one. These documents will very certainly
include at least two years' worth of tax returns, employment history,
income/bank statements, & asset verification. The earlier you begin sorting
these documents, the quicker you'll be able to identify where you're missing
data and take actions to correct it.
Locate the Ideal New Apartment
Of course, you must first locate your new property before
purchasing it. Use your time to consider your choices, look at apartments in
nearby areas, set a budget, & decide which apartment you should choose for
your dream apartment.
Choose the Right Apartment Builder in Kerala
Work with a renowned real estate developer that has
recognized the city's potential & invested in apartments in vital places,
as well as a solid reputation in the business. Always double-check the
builder's credentials before making the purchase. Choosing a trustworthy
& skilled builder ensures that the job is completed on schedule & to a
high standard. Because purchasing a house is one of the most significant
purchases you will make, you must be cautious to avoid being fooled by
fraudulent promises & agreements made by some fake builders. Visit the
builder's website to learn more about their track record, including the status
of prior projects & client comments. This will assist you in locating the
best under-construction flats in Kerala in terms of quality, finish, and cost.
LOOKING FOR YOUR ULTIMATE
DREAM APARTMENT BUILDER IN KERALA?
Varma Homes, being Kerala's most reliable apartment builder
with years of expertise, has always worked to set new benchmarks in property
development and to match clients' demands by providing world-class amenities.
Our one-of-a-kind designs, along with reliable process & material quality
checks, ensure that all our apartment projects come out to deliver a fine
living experience to dwellers. We have successfully positioned ourselves as a
pioneer builder, completing high-quality projects on schedule & with unparalleled
service and good value for our clients. Varma Homes has your perfect apartment
in all of Kerala's most desirable places like Trivandrum, Kochi, Tripunithura,
and Thrissur. Since the real estate market has experienced remarkable growth in
recent years, now is an excellent time to purchase your dream home. Get in
touch with us today to secure your long-desired apartments in 2022.
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Buy An Apartment In The Cultural Capital Of Kerala, Thrissur Which Never Disappoint You!
It will be an ideal decision to realize your dream about having a lovely apartment in the peaceful and cultural heritage place of Kerala alongside a profitable investment. For this, Thrissur, the cultural capital of Kerala became the perfect place for leading a desirable & peaceful life along with relishing all the modern conveniences. It also has a quickly developing infrastructure backbone that drives its economy & flourishing realty market. So, with this rich & unique cultural heritage, the land of festivals is also one of the thriving commercial centers in Kerala, drawing people with its budding demands for residential apartments in Thrissur. Here are some advantages that individuals can enjoy when they decide to invest in an apartment here. Accessibility Few out of every city in Kerala can guarantee the supremacy of having most apartments that give easy accessibility to the city's greatest milestones, attractions, & other utilitarian spots. Being an exception, Thrissur is positioned as the best city for easily accessible apartment living. The neighborhood of Thrissur also eases hasty access to business centers, major shopping facilities like city centre & Sobha city mall, medical facilities, schools, colleges, and other popular landmarks. Starting an investment in Thrissur implies that you are quite often ensured a home that is near the closest significant landmarks. Cultural Factor Thrissur stands as the highest foothold among the significant real estate investment spots of Kerala due to its cultural richness. As it is holding the entire world's allure for its well-known Thrissur Pooram, the festival & festivities which upsurge the worth of the place, & owning a home in the cultural capital of God’s own country can pay off as a pride factor. Appreciation of Property Value From a pure investment angle, investing in apartments in Thrissur is undeniably a smart choice for any aspirant landowner. Since the city is a cultural & developing commercial center, the demand and the worth of the property are always on the rise. So, when you purchase an apartment in Thrissur, it is an asset for you, & you will get a deal of property value appreciation. A Peaceful Retirement life Proximity to Cochin International Airport (approximately 50 km), good connectivity to its neighboring spots, & above all its cultural heritage makes Thrissur the desired place for any Malayali who is focusing to get back to their traditional roots in a forever residence that guarantee a peaceful retirement living. Steady Source Of Income Apartments or flats are progressively popular among the individuals who are searching for accommodation on lease. Hence owning an apartment in Thrissur can be a steady source of income as it is considered as the major commercial & business core of South India where a lot of people come into work. Ease in Buying & Selling With an ever-increasing demand for apartments, Thrissur contributes a lot of extensibility regarding purchasing & selling your property. Here you can discover enough buyers & sellers when you place the apartment up for sale. This is due to the resale value the location has. These are some of the reasons why apartments in Thrissur offer a sensible investment. Whether you are looking for a luxury apartment for you & your families, here is your perfect choice of apartments from the house of Varma Homes, the most reliable builders in Kerala. We have already landed our footsteps in Kochi, Tripunithura, Thrivananthapuram, Thrissur, & Kozhikode. When it comes to Thrissur, we have presently two apartment projects. Varma Spectrum, 2 & 3 BHK luxury apartment project located opposite to Bhavan’s Vidya Mandir Poochatti and close to NH bypass. This is an ongoing project and the work is progressing in full swing. You can also visit the model apartment at Varma Spectrum before buying. The other project is Varma Signature which is located near Jubilee Mission Hospital, Ancherychira. This is a new launch project and the bookings are open. For both the above projects you will not have to sacrifice amenities or accessibility but can discover yourself living in a peaceful & calm environment moreover you will get guaranteed happiness. With its unique peculiarities, our apartment projects in Thrissur could be your opportunity to actualize an ideal home in the temple town. For more information on our apartment projects contact us now!
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2 BHK OR 3 BHK? Know Which One's Best For You!
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Thinking about a second home, if you have enough savings to invest in a second home, it will be a very plausible idea with high-profit potential. Since the real estate market has always been a risk-free & safe investment choice. However, before you go ahead with the plan to buy your second home, you have to consider certain things like you have no overhead debts, you have sufficient reserve and emergency funds and of course, you have a good and stable source of income. If all these are fulfilled, you can head down to execute your plan for your second home. Going to own your second home has several benefits in terms of investment choice or getting a regular income. Here we list down some reasons you should go for your second home if you have enough cash for investment. • The Promise of Assured Rent With high real estate prices, the clearest benefit of buying a second home is the promise of assured rent. As rental income has improved manifold over a period which makes buying a second home to rent out is the right method for a stable regular source of income. Also with the implementation of RERA and GST in the real estate market, now investing in second homes for rental income will progressively more become a trend. • Adding a High-Value Asset Owning a second home is obviously another investment in your investment basket. Due to the fast pace of growth in the real estate market in India, the value of your home would also be getting higher. So it will give you a high-value asset over a while and this may be sold later at a high price to liquidate the asset. For the time being, one can add to the rental income in their bonus perks. • Retirement Home As retirement emerges on the possibility, many of us commence worrying about their money & where to invest to relieve their retirement life. But owning a second home is the ideal investment choice & you got the freedom to go to a place for a change that is fully yours. Alternatively, even you can move to that home if you find it more suitable for your happy retirement life, renting out the earlier one. Otherwise, a second home can be used as the fixed source of income after your retirement if you put it on rent. • Tax Savings Buying a second home also comes with the extra incentive of tax savings. i.e. If you have taken a loan to own your second home, you can get tax considerations up to Rs 2 lakhs towards the interest paid & a tax deduction up to the total paid towards interest when the home is let out on rent. This aid you save tax on the loan simultaneously, adding up a high-value asset. • Savings for Future Purpose Despite providing extra rental income & tax benefits, second homes are considered good investment choices for the future purpose like children’s education, children’s marriage, retirement, future emergencies or events. Emergencies always come unexpectedly, so based on your financial state, you could very well sell your second home and use the cash to deal with your financial burdens. So, now we have seen the perks of owning a second home. In the meantime, if you want to buy a second home for investment? Check Varma Homes projects right away! Visit: www.varmahomes.com. Being the best and the most promising real estate builders in Kerala, you can completely trust Varma Homes for your future investment choice. We have our ongoing residential projects in major parts of Kerala like Kochi & Thrissur & Trivandrum. So believe in us, have the best home and get the best experience with us.
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One of the greatest purchases most people make is purchasing a home, and with so many different types of homes to choose from, the process can be a little overwhelming. Trivandrum is a terrific place to live because it has so much to offer its citizens. Additionally, Trivandrum offers a large selection of flats to choose from due to the city's burgeoning real estate market.However, before committing to one, you will first need to make sure of these points which will get you a good deal. Research the market: Before committing to a purchase, it's important to familiarize yourself with the real estate market in Trivandrum. Understand the different neighbourhoods, the average price ranges, and the types of properties available. This will help you make a more informed decision about which property to buy.Get pre-approved for a mortgage: Getting pre-approved for a mortgage will give you a better idea of how much you can afford to spend on a property. It will also make the process of buying a flat much smoother, as you'll be able to move quickly when you find the right property.Hire a real estate agent: A good real estate agent can help you navigate the buying process and find properties that meet your needs. They can also provide valuable advice on things like negotiations and closing costs.Consider the long-term: When buying a flat, it's important to think about the long-term. Consider things like the resale value of the property, the potential for appreciation, and the overall livability of the area.Don't rush into a decision: Buying a flat is a big decision, and it's important to take your time and make sure you're making the right choice. Don't rush into a purchase just because you feel pressure to do so. Take the time to weigh your options and make sure you're comfortable with your decision.Here are a few key questions that you should ask before purchasing an apartment in Thiruvananthapuram1. What is special about this project?The builder ought to be able to persuade you of why this specific project is beneficial for you and provide financial justification for it. He should explain why it is superior to projects from other builders as well. This ought to address things like the calibre of the materials used, the after-sales services, the special features, and the excellent location.2. What is the built-up area of the flat?The builder should be able to answer questions about the carpet area, built-up area, and super built-up area precisely and accurately. The pricing of the apartment is based on the carpet area, which is the actual square footage of the apartment you are purchasing. To enable you to assess the overall cost and its viability, the builder should provide you with full details regarding the specs.3. Can you provide copies of all legal documents involved?You should request copies of the following documents, among others: the title deed, the commencement certificate, the approvals and NOCs from various agencies, the previous tax receipts, the RERA registration number, etc. All of these papers will make sure that the property is clear of any flaws that can later end up costing you money.4. What occurs if the project isn't finished on schedule?The builder should offer a detailed contract outlining his obligation to pay a specific sum for each month the project is delayed. This is one of the rationales behind the creation of the RERA statute.5. When should you anticipate the OC?Before you move into your Trivandrum apartment that is ready for occupancy, the Occupancy Certificate (OC) must be supplied; otherwise, you run the danger of being evicted.In conclusion, buying a flat in Trivandrum can be an exciting and rewarding experience, but it's important to do your research, get pre-approved for a mortgage, hire a real estate agent, consider the long-term, and not rush into a decision. With these tips in mind, you'll be well on your way to finding your dream home in Trivandrum.Since its founding, Varma Homes has effectively established itself as one of Kerala's most reputable builders. We started out with residential construction in Kochi and have since extended to Thrissur and Trivandrum. We'll be launching in Calicut and other big cities very shortly. To constantly produce the greatest service and quality in our pricing range, we make it our full-time goal. We don't have any projects that are stuck at Varma Homes since we firmly believe in creating satisfaction for both our team members and our stakeholders.
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