The Positive Impact of Parental Support on Home Buying in Thrissur

Posted onJan 16, 2025

Why do we say that Thrissur the ideal location for a family to settle down? As the cultural capital of Kerala, the city has a rich heritage and the cultural scene is very vibrant. However, it is also coming up as an IT hub, and several startups are getting established here. Thrissur is already an important financial hub of the state; the growth of the IT industry has made it attractive for young families to settle down. It has increased the demand for residential spaces in the city.

Are you thinking of moving to Thrissur? Or maybe you want to get your own home because of your growing family. Buying a home is an exciting, and yet stressful process; one that requires a tremendous amount of research, thought, and patience. There are a number of things that one has to decide:

• What is the kind of property to buy - villa, detached house, or apartment? If you go by the real estate market trends in Thrissur you can see that apartments are the most preferred choice today.
• How much you can afford to spend on purchasing your house?
• Should you apply for a loan? , if you do, how much to apply for, and from whom to avail the loan?
• Which builder’s projects should you check out?
• What is the ideal location where you should buy your flat?
• How many bedrooms and what is the square feet area that you want?
• What kind of amenities should your flat have?
• What is the builder’s reputation?
• Are all the documents in order?

Of course, these are not the only things; and even once you find the answers to those questions, you have to start the process of buying, which can be extremely laborious and time-consuming. There is a lot of running around to do - visiting the projects to do a physical inspection of the apartments to see for yourself, talking to financiers and banks, filling out paperwork, and so on. Till you and your family are settled in properly, you can expect to do a lot of to and fro to complete formalities and set up your home - decor, essentials, furniture, and so on.

All this, when you have to go to your office, do your job, and look after your family; which can be even more difficult when you have little children. In such a situation, it is a great blessing to have the support of your parents.

How Can Parents Support You in the Home Buying Process?

Parents can help young families in a number of ways when it comes to purchasing a home. Let us examine them:

Advice from Experience

Your parents have most probably already gone through this process; they are the ideal people to advise you about the type of house you should buy. They can also help you understand the legal angles, the financial aspect, taxes, home loans, and so on. Parents can help you choose the right financial institution and type of loan, and so on.

Help with Children

When you have to go to various offices like the builder, bank, registrar, or others, you can safely leave your children in the care of your parents, instead of with professional babysitters. The children will also be happy in the company of grandparents.

Financial Support

Parents can also give you financial support; they can gift or lend you what they can so that you can reduce the loan amount that you need to apply for. This will be a big relief for you financially. One of the financial advantages of purchasing a home in Thrissur is that you can get property here for a lower price as compared to some other bigger cities like Kochi.

Emotional Support

Parents can help relieve your stress simply by being there for you; they can take care of the house, cook meals, and do other tasks so that you can focus on the home purchase process. 

Conclusion

Parental support can be a very big thing when you are house hunting. You can also reduce your stress by selecting a project from Varma Homes. As one of the premier builders in Kerala, we have some of the best apartments for you, in prime locations across the state, including Thrissur.

Browse our premium selection of flats for sale in Thrissur and find your dream home now! Each property is designed with comfort, style, and convenience in mind, making it the perfect choice for those seeking to upgrade their living experience. Stop by today to discover more and start your path to homeownership in Thrissur!

FAQ

What are the benefits of settling in Thrissur for young families?

Thrissur, often celebrated as the cultural capital of Kerala, combines a rich heritage with a vibrant cultural scene. Additionally, its emergence as an IT hub and a robust financial centre makes it an attractive location for young families. The city's development in these sectors has boosted the demand for residential properties, making it an ideal choice for family living.

How can parental support influence the home-buying process in Thrissur?

Parental support can significantly ease the home-buying process. With their experience, parents can provide valuable advice on selecting properties, understanding legal and financial details, and managing home loans. They can also offer practical help, such as caring for grandchildren during property visits or providing financial assistance to reduce the burden of loans, enhancing the overall home-buying experience.

What should potential homebuyers consider when choosing a property in Thrissur? When selecting a property in Thrissur, consider factors like the type of property (apartment, villa, or detached house), budget limitations, loan options, builder reputation, location desirability, and required amenities. Additionally, ensure all legal documents are verified and complete. It’s also important to think about the size and specifications of the home, such as the number of bedrooms and total area, to ensure it meets your family’s needs.