The desire to have a place to call home is what provokes the majority of people to own an apartment. But sometimes, they are stuck in the EMI vs rent dilemma and hence they are hesitant to take a good decision. Many questions may arise, such as whether it is sensible to pay more for an EMI when I can rent it for a significantly lower price, or whether I can handle the bank loan interest, and so on. Yet, in the end, most people choose to settle down in their own home.††
Now it seems that the residential real estate industry is at its best now with several favourable factors that force people to buy an apartment in their favourite location. People can access loans at historically cheap interest rates now. Owing to the RBI's decision to lower the repo rate, home loan rates have fallen below 7* percentage, compared to 8-9* percent a year ago. If you have adequate monetary wealth, you can purchase an apartment. Though, if you do not, then also, you can try to purchase a home with EMI. After paying high monthly rent, you will eventually buy your home. Paying EMI is better than paying high monthly rents. After all, finally, you have your own property to call "Home".†
In the case of renting, rent is a monthly payment that does not result in the creation of any physical asset. Paying EMI, on the other hand, has important impacts: it not only gives you present shelter but also advances the proportional possession of the property. While it is true that renting relieves one of the stresses of EMI payments, property taxes, & other legal concerns that come with owning a home. Unlike apartment owners, renters do not have to pay for maintenance or repairs, & they do not have to pay property taxes. However, owning a property as an investment might save you a significant amount of cash, thereby leaving you to build equity and also the appreciated land value will promise you a huge return on your investment.†
Owning your own home is desirable, & the time is when you can afford it. Affordability is usually a crucial factor when it comes to purchasing your own home. As a rental, you will not find a decent property for less than 15-20k rupees in a good area, so even if you stay there for 15 to 25 years, you won't have a home to call your own. However, if you buy it with a home loan, you have a home of your own; you won't have any trouble settling down when you retire, a home increases your net worth & credit score, your future generations have an edge over others, and so on.
Without a doubt, owning an apartment is a worthwhile choice rather than renting one. Renting does not allow you to build equity in the same way that buying an apartment does. Also, your rent could increase at any time. You're perhaps under the control of your tenant, who may order you to leave or defer repair demands. But, when you take out a loan to purchase a home, you're already mindful of the EMI you'll have to pay over time. But it is worth than renting. Let's look at a real estate property in Kochi as an example. Consider the following scenario: You need to pay 20K average in rent to get a housing, with around 5% increase in rent per year. The rental range will increase in the next ten years too. On the other hand, if you purchase a nice apartment for 40Ė60 lakh & pay an EMI of 30K with today's lower loan interest rate for a period of 20 years, you will save a huge amount in the long run. Also, it might be possible that in twenty years, the price of your apartment will also increase. So, think about whether you want to invest in it. That is, do you want to pay around 2.5 lakh in rent per year or do you want to own a house that will be an asset to you?
In fact, renting has its own set of benefits, such as flexibility, HRA, & lower monthly costs, among others. But when it comes to apartment ownership, it offers a long-term investment with the potential to create equity & raise the value of your house over time, as well as tax benefits & the option to transform your home into a source of income & integrate yourself into your community. Furthermore, by taking the step of purchasing your own home, you provide greater stability for your family's lives as well as their social lives.†
Besides, the sense of security & pride that comes with owning a house is unrivalled. And it is better to own your dream apartment through a mortgage, since it'll be all yours after a few years & you won't have to pay for it. But a rental house will always be for rent & you'll be paying for it for as long as you live there. Hence, it's quite obvious which option is the greatest.
So, don't get caught up in the buying vs. renting debate any longer! Buy your dream home with Varma Homes, one of the leading builders in Kerala, offering apartments in Kochi, Tripunithura, Thiruvananthapuram, Thrissur and Kozhikode with top-notch amenities.
If you have any plan to sell your apartment in a couple of years, then maintaining your apartment in a good condition is very essential. As it is significant to not only get a good value for the possessions but also to boost the life of the same. Letís check out some simple ways to add more value to your home on a budget. Pick the right locality- The most thing is ensuring that your apartment fetches a good worth starts right from the point of purchase itself.† Select for a locality that is fully packed on with facilities and accessibilities for a smooth and peaceful living.† The clean and well-maintained neighborhoods boost the value of your apartment. Do thorough research and select for an area that bids good appreciation value. This is the first step in confirming that your property has a good worth at the time of sale. Ensure proper maintenance- Make the slightest of the repairs of the apartment as early as possible is the simplest method to enhance the value of a home. Any damage or even small cracks is best-taken care at the earliest. Negligence of these minor damages will lead to bigger damages to the apartment complex and which may take more time and money to correct. Upgrade the home based on the necessities- If you have any plan to renovate or remodel your apartment, first evaluate your present structure with the support of a competent engineer/ builder and then take the help of a good designer to ensure that your structure is upgraded to the best potential form of its self at a viable rate. At times, the structures are so beyond patch-up, it is not wise to renew it, as it can be a useless workout.† Examine for damages periodically-Periodically check your apartment for any damages and services gadgets installed and other things to ensure that all are running smoothly. As we all know, prevention is better than cure. It is sensible to keep your apartment in a good working condition than wait for it to be subject to damages to take care of it.†† It will not only enrich the value of your apartment in terms of its monetary value, but it also enhances its lifespan. Paint your house every once in a while-One of the best ways to add value to your apartment on a budget is by painting it. Choose for simple and soothing colors when you desire to put the house on the niche realty market. Stunning interiors and colors with a heavy character regularly tend to put off purchasers. Make certain to hire capable painters to reach a charming and even coat of paint for your apartment. Being artistic- The inexpensive and the best improvement you can add to your apartment is by placing simple artistic elements. Adding artistic wall paintings, wooden racks to place books, designing walls with creative graffiti, bean bags and so on, these may seem simple, but you would definitely be amazed to see the results. Add greenery- Adding landscape and greenery can truly enrich the value of your home manifold. We all like a touch of nature in our living spaces. So, try to add a small garden to boost the aesthetic charm of your apartment. Even though each home has a personality of its own, and one must try to preserve the same-shaping your home to have a mass charm is the prime factor in enhancing the apartment value. It must hold a similar appeal to various potential buyers who may visit it as the first look and it may vastly define its real worth. Keep these simple tips in mind to ensure that your apartment is much in demand amongst various buyers from diverse walks of life. If you are looking to buy an apartment and enhance it, then do consider our exclusive range of residential projects at prime locations of Kerala like Kochi, Thrissur and Trivandrum. Being the top builders in Kerala you can trust Varma Homes for your dream home. So, contact us today or please visit our website for more information on our latest projects.Read More
The Queen of the Arabian Sea, Kochi is one of the developing metropolitan city in the Gods own country. It is one of the major port city and the commercial capital of Kerala which attracts the huge number of peoples from various nook and corner of India due to its recent development in job sectors. This city holds its own breath-taking scenic views which dive many individuals to settle down in this emerging city. Real estate industry is booming every year and it has stemmed in copious openings for investments around many urban cities like Kochi. This queen of Arabian Sea acts as the gateway of Kerala in the field of residential and commercial properties. This transformed the city as the most preferred location for the real estate builders and professionals who are looking for to settle down by purchasing apartments and villas in the heart of the Kochi. If you are searching for premium apartments with a range of amenities? Now the rapidly changing lifestyle of individuals has led to the vast demand for apartments in Kochi. The demand & craving of investors to capitalise in quality styled apartments inspires builders to present their residential projects with modern and unique styling, along with contemporary skins. Well, Varma Homes, one of the top real estate builders in Kerala are set to offer premium regime apartments in Kochi within the reasonable price. We offer an extensive range of luxury and budget residential quality projects counting with apartments and flats across all over Kerala. †Our current projects extend into major cities of Kochi, Thrissur and Trivandrum.† We implement our projects with the complete perfection and quality to align with the international standards and we assure you that we did not let you any chance of complaints about our construction process.† In Kochi, our major ready to occupy projects like Varma Regent and Varma Maalika - I in the areas of Edapally and Thripunithura are the milestones in our residential projects.† The apartments in these locations are built with high tech amenities along with the promise of serene surrounding and secure environment to our clients. We get a positive response and feedback from our residents in these apartments, they are well satisfied with our amenities. Since our major mission is to construct happiness, we are on the path towards ground-breaking delicate lifestyle with our new apartment projects in Kochi. Our major ongoing projects in Kochi are Varma Padipura and Varma Kottaram which offers top class luxury apartments to the customers that are definitely going to creates history in this field. Moreover, our properties are designed with multiple units like 2 BHK / 3 BHK Apartments which set a treasured investment choice for the buyers. We are now undergoing the construction process of Varma Maalika Phase II and we are damn sure that we will catch the hearts of our customers through its top-class facilities. We assure that you can find the real happiness in our apartments that make your life satisfies and comfort. Our gifted architects are dedicated to creating your insides and outsides spectacular. Our major offers to the customers in the Trivandrum and Kochi are they can own their apartments quickly and there avail PMAY Subsidy which let them save up to 2.67 Lakhs. All these features pull residents from other cities in Kerala like to have a second home in this hurried and fast-growing town of Kochi. Thus, the demand for premium lifestyle apartments has flourished due to the development of ever increasing lifestyle values, fast developing urbanization, increased living condition of people and of course huge advancement in the corporate sectors. So, Varma Homes is the best option to get affordable premium apartments in Kochi. Peaceful Living in the Fully Furnished Varma Homes Apartments. Happiness Begins Here!!! An apartment shall not be just be viewed as a home to live. When you expend money on purchasing an apartment that you love, it is significant to check whether there all essential amenities presented in the apartment. It must comprise all the amenities that are required fundamentally and the amenities that make your life at the apartment more relaxed and comfortable. Today, customers are not gratified with an apartment that simply has noble looking rooms or living spaces. They usually seek their dream apartment that must provide superior apartment amenities for their desires and cosiness. Though living in a big city like Kochi, it is highly important to have the appropriate facilities in the apartment.† Varma Homes is one of the leading builders in Kochi, provides excellent amenities for their apartments. Letís take a look at the apartment amenities that are provided by Varma Homes to make your living space truly yours. Children's Play Area Rooftop Swimming Pool Solar Energy Utilization Fully Automatic Lifts of 8 & 13 Intercom Facility Fire Fighting System Rooftop Party Area & Terrace garden Fitness/Clubhouse centre Recreation Space Caretakerís Room Provision for 24 hrs. Power & Water Supply Facility Water Filter, Sewage Treatment Plant Surveillance Camera † At Varma Homes, we focussed on to, not end the relationship between clients by just selling homes, instead, we warmly welcome our customers to our big family, since our beliefs are to provide an endless commitment to customer satisfaction. We are always enthusiastic about providing high-quality homes on time with true love for constructing happiness. We believe in making experiences that should be worth for your money!!!Read More
2020 has been quite a year. Unquestionably one that won't be forgotten in their life. The COVID-19 pandemic has put newer perspectives on so many things. We witnessed unpredicted events for economies across the world. The pandemic carried ordinary life to a halt intruding on the development track of numerous businesses. It has uplifted vulnerability over the economy, work, relationships, finances, and obviously, physical & mental health. However, as people, we want security. We need to have a sense of security & have a feeling of control over our lives & well-being.† The outbreak of coronavirus in the nation has featured the upside of having your own home when contrasted with profiting a leased accommodation. So, owning a home has now become one of the inevitable parts in these unprecedented times. Hence in this new year own a new home, which implies exciting fresh start, new neighbourhood, & new environs to explore. Purchasing a home isn't only a dream, but a whole lifeís effort that individuals put in. The value set on it is a measure beyond sentiments & emotions. Then again, it absolutely makes tough to choose the best & and only a trusted builder like Varma Homes can help bridge this gap.† We build not just superb homes as well as an incredible community for people to live in. We will ensure each client's needs are followed and never compromise on the building materials & construction quality. Even during these tough times arising out of COVID-19, we were managed† to complete the projects ahead of the schedule. And we are creating a new benchmark to the real estate industry in Kerala, by completing the projects well ahead of schedule. Furthermore, our transparency is high as far as price, legal documentation, dedication & formalities. Besides these reasons, you can discover which is the best match for you in terms of unending amenities, senior assisted living spaces, good investment returns & guaranteed rentals. Thus, we can ensure that your home purchasing experience is simply incomparable & you remain tension- free when you approach with Varma Homes. Being the most trusted real estate builder in Kerala, we have created a special place in the heart of our clients by producing classic yet modern homes with great attention to detail & uncompromising business ethics. We are presently in the cities of Kerala which cover Kochi, Tripunithura, Thiruvananthapuram, Thrissur and Kozhikode focussing on our aim to construct happiness by widening our reach across different regions in Kerala. Dreams do come true when you discover the right way to realize them. So, go ahead with a reliable builder to realize your dream apartment project. Welcome this new year with a new beginning, forget whatever we faced in 2020, letís hope for the best.† Yes, it's true that we donít know whatís going to happen in 2021, but thereís room for optimism. We have a vaccine with the assurance of a world returning back to normal. So, hold out hope, perceive your dream apartment right now & make your New Year as prosperous as possible. Here is Varma Homes wishing everyone a gratifying festive season & more sociable & less restrictive 2021!Read More
Are you looking to invest your money for long-term benefits? Then real estate is the best option for you. For anyone fascinated in building prosperity, investing in real estate is one of the best means to do it. It is one of the most reliable forms of investments and using your money for acquiring a property comes with numerous benefits to its credit. That is why real estate investment is the key choice for investors. You can enjoy tax advantages, reasonable returns to build your prosperity. Here are some reasons why real estate is the best option for you as a great investment. ? High Tangible Asset Value †There will always be value in your land, and home. Other investments will leave you with very little to no tangible asset value like a stock, which may dip to zero, or a brand new automobile that depreciates over time. However, real estate investments have always been considered as an asset with superior value. ? Provides Excellent Returns than the Stock Market without As Much Volatility Real estate bids you more control of your investment as your property is the tangible asset that you simply leverage to maximize various revenue streams, whereas enjoying capital appreciation. ? Portfolio Diversification †Diversification potential of real estate is another reason for investing in real estate. It has a low and in certain cases negative correlation with other chief asset classes. It means that the addition of real estate to a portfolio of diversified assets can lesser portfolio volatility and offer a higher return per unit of risk. Real estate will permanently serve as a safe tangible asset to mitigate the risk in your portfolio. ? Numerous Tax Benefits The tax benefits for the investments in real estate are numerous. It relies on the investors and how they use these investments to the best of their advantage. Youíll be able to get tax deductions on mortgage interest, income from investment properties, operational expenses & prices, insurance, depreciation, property taxes, and many other benefits. These breaks in taxes are truly helpful to people who deal with real estate as their long term business. † Real Estate in Trivandrum Being the capital of Kerala, Thiruvananthapuram is standing as one of the most enthralling cities in our nation. It is world famous with its rich cultural heritage making it one of the best tourist destinations in the country. It is no surprise that being one of the major capital cities in India, Trivandrum has shown tremendous growth in the real estate market over the past few years, especially in the apartments and villas sector. With much to offer, Trivandrum is setting new strategies for developing its economy and infrastructure that draws investors even from far away cities to invest in the very safe real estate market. It is expected to boom even further in the coming years. Now the city has also emerged as one of the biggest ever IT hub of India over the years making it a sought after destination by professionals all over the world to come and settle down with their family. While comparing real estate growth in other cities, Trivandrum has been quite steady. Now the demands for residential homes in Trivandrum has reduced as most of the individuals prefer apartments or flats. This is because of the ease of access to all the necessities for a well-being in Trivandrum. Knowing this reality most of the developers have come up with totally different choices from budget to high-end luxury apartments at most cost-effective money plans. Trivandrum is an abode for various government establishments like Technopark, and numerous alternative projects lead to the giant range of population within the town.† So the demands for real estate growth and the well-reputed builders increased. Varma Homes being the leading builders in Trivandrum has ensured the path of luxury living for people who looking for apartments in Trivandrum with premium facilities at reasonable prices. Considering the probabilities of future developments, investments in luxury apartments in Trivandrum will be an attractive choice. Step into Your Dream Home & Experience the Real Beauty of Dr. Paiís Heritage from the House of Varma Homes! Varma Dr. Paiís Heritage is the unique apartment located at the heart of the city, Poojappura. It is a super luxury apartment with 2 & 3 BHK apartments handcrafted with luxurious amenities. Cherry-pick your dream home from our unique choice of apartment in Trivandrum we deliver beautiful designs with soothing hues of nature, world-class features and spectacular ambience. Dr. Paiís Heritage is close to all major social infrastructures like hospitals, reputable schools, colleges, railway, airport, metro rail etc. bequeathing upon you an unparalleled quality of life.† We assure that we give you the best apartment that symbolizes premium quality.† We have our premium quality apartments in major cities of God's own country apart from Trivandrum like Kochi and Thrissur. Come and check out our incomparable apartment in Trivandrum, we are sure that you will be spellbound. Now it is the right time to make an investment in real estate and to realize your dream home with us!Read More
When a person is young and vibrant, buying a property, especially an apartment, with basic amenities seems suitable. But those amenities seem to excessively sideline the needs of an aged person in most of the urban clusters. This elderly stage, which is appropriately called the second childhood, definitely needs the right concrete development that best fits all of their requirements. With an annual growth rate of 3%, the senior population is expected to reach 319 million by 2050. So, creating a favourable environment for the aged generation should be a priority. The majority want to live in a serene setting with people who share their similar interests. Luckily, there are ample facilities available in this era to gratify their wish for a safe and caring abode. Let us look at the factors that need to be considered while choosing an apartment for senior citizens:Be Understanding First and foremost, be sensitive to their feelings and requirements. Do not make picking an apartment seem like a daunting process to them. Never jump into buying any apartment without considering the services that the builders offer. A careful study and analysis should be done before selection so that the lives of your loved ones become happy and hassle-free. A Reasonable BuyThe majority of senior citizens who purchase a home do so using their retirement funds. And having a home after they have passed their early years may appear to be a significant burden. Most financial institutions provide older adults with home loans with terms that can run until they reach the age of 75. But taking out a loan is unlikely to aid a senior citizen. Therefore, finding a property with all their necessary comforts and also one that will fit their budget is crucial. Access to Conveniences A senior citizen-friendly development should include ramps and elevators, as well as be constructed to accommodate the needs of its older people. Fewer accidents happen at homes when skid-free surfaces, easily accessible elevators, ramps with side rails, and support handles in bathrooms and balconies are assured. Inside the residence, there should be no unnecessary furniture or modifications. Search for an apartment that allows you to make such adjustments to the decor. Health & Well-being Check out properties that are close to mental and physical wellness centres and have access to 24/7 medical assistance. It's also crucial to make sure that transportation is available in the event of an emergency medical situation. Choosing places with peaceful surroundings could be a wonderful idea if you have easy access to diagnostic centres, medical shops, and other necessities. Upgraded Security Security is a factor that cannot be overlooked, given how vulnerable the elderly are. It is critical to have a security system in place to ensure their safety and avoid any unwanted hazards. For peace of mind, a secure development with effective security services is required. Security guards trained in fire safety and first aid should be on duty 24 hours a day in apartments with CCTV surveillance. Transportation System From the standpoint of the elderly, easy access to public transportation from home is one of the most desired amenities. Because of their age, the majority of older citizens rely on public transportation such as buses, autos, and trains. It would be advantageous if the bus stop and train station were both within walking distance of the apartment. Recreation Apartments with recreational areas are great for the elderly to take a break and restore their sense of peace. If not, look for flats that are close to gardens and parks. This also provides a place for senior citizens to go for walks and socialise. Elderly people like engaging with others, which helps to alleviate loneliness by keeping them active throughout the day. Always choose a trusted builder while entrusting the safety of your loved ones. Varma Homes has effectively established itself as one of Kerala's most trusted builders since its inception. With the most advanced facilities and eco-friendly aspects, we present you with a modern lifestyle of luxury, convenience, and comfortable living. We've made it our full-time goal to provide the best service and quality in our pricing range, and we've succeeded time after time. Currently we have apartment developments in Kochi, Tripunithura, Thrissur, and Thiruvananthapuram.Read More