If you are thinking to buy an apartment sooner or later in your life, begin saving at the earliest. The longer you try to save up for your deposit, the costlier your house is going to be. So it’s significant to start planning as early as possible. Here are some tips to keep in mind ahead of buying your first apartment to get the best deal.
The primary step in the funds saving method is budgeting. Decide what sum you can comfortably pay for. Heed at wherever your cash goes to each month & where you are paying the most sums of money. Note down the amount you spend on necessities such as utilities, rent, student loan payments etc. Then think through the amount you go through every month in the items like restaurants, entertainment, shopping & so on. Once you classify your expenditures, search for sections where you can cut back. Set a definite budget for every classification & stick to it & ensure you budget a particular amount to add on for your down payment each month.
Sounds crazy? However, actually starting a side hustle is one of the best saving tips for buying an apartment. Sometimes to earn extra income, there are several ways such as getting a second job, working extra hours or overtime, or beginning some kind of side hustle.
If you are planning to take a mortgage loan for buying your first apartment, but you already have additional debts like credit cards, personal loans, car loans or student loans they could definitely reduce the amount you can put into a home loan. So take time to pay off your debt before you head down for applying for a home loan. Look at closely how much you owe on your student loans, credit cards, personal loans or car loans & generate a plan to tackle it. This will not only help alleviate some of the financial pressure yet additionally help you secure a better mortgage rate.
It is vital to direct some part of your revenue towards investment through Systematic Investment Plans (SIPs). For instance, if you begin to invest 25,000 a month via SIP with a modest return of 10% for just 3 years you can get Rs.10.53lakhs. In this manner, you can easily save for your down payment without nerve-wracking about lifestyle changes. Also, there are some other investment options for the short term: equity-based mutual funds, ELSS etc.
Where does most of your monthly income go? On rent, groceries, dining out, shopping, entertainment? Start analysing this. Categorise your expenses and determine how you’re spending your money and then make a budget. If you want to save for your dream apartment, start cost-cutting, avoid wasteful spends, clear your debts and may be try to expand your income pool.
If you are living on rent, to save for your apartment buying, you may consider shifting to a smaller house for the time being. In case you are single, think about living with family or companions for a year. Any sort of savings will assist you with getting close to realizing your dream about purchasing your own home.
When you’re ready, you can begin the apartment purchasing process. But before that, you have to find a reliable builder. If you're looking for owning your dream apartment in Kerala, then here is your right choice- Varma Homes, the most trusted builder in Kerala. Varma Homes is one of the best residential builders in Kerala, who have residential projects in several locations of Kerala like Kochi, Tripunithura, Thrissur, Kozhikode & Trivandrum. We fulfil your dream of a home with our unique designs with guaranteed quality checks of process & materials to ensure you a perfect home in reality. So get started with buying your dream home with us!
Certainly, there are numerous perks to living in an apartment. When compared to other housing alternatives, apartment living is the safest and most convenient. But, in order to make it effective, we must consider many factors. The Do's & Don'ts listed below can help you make the most of the amenities available to you and to build a happy life in your dream apartment.DO’S:1. Be ResourcefulAn apartment is a concept that gives you your space while also allowing you to share common facilities with the other inhabitants. As a result, it is your responsibility to ensure that you’re resource-conscious. Use the resources associated with them judiciously while washing the car, watering the plants, using electricity in common areas, or hosting a clubhouse party.2. Make Your Place Feel like A HomeTreat your place as if it were your own. You may customize it in a variety of ways to make it appear & feel like your own. Incorporate your individuality & select a hue that you’re comfortable with. It's enough to start by exhibiting your collection, decor, planting some greenery, showing some beautiful old images you enjoy, & creating a comfortable place that will relax you from within. As a result, it is advisable to adorn each & every nook with everything that makes you feel at ease at home.3. Utilize the Available FacilitiesWe' aware of all of the great facilities in our apartment, but actually using them is another matter. The early difficulties of forming a new habit may have little to do with accessibility. In your apartment, you could find an air-conditioned fitness club, a swimming pool, or a children's play area with equipment, as well as a slew of other modern conveniences. When you already have all of them, it isn't a good idea to leave them away without considering the benefits. Begin by going to the pool after work for twenty minutes or spending time at the park with your children in the evening.4. Maintaining a Regular Cleaning ScheduleDon't put off cleaning until your home is completely covered with dust & trash. Make it a practice to clean every day before bed. Every day, spend at least 15 minutes cleaning the floor & dusting tabletops & other surfaces. Allowing dirty dishes to accumulate in your residence is not a good idea. To avoid pest infestation, wash them as soon as possible. If you keep your apartment clean & quite well maintained, it will infuse positivity into your life as well as make you feel happier in your abode.DON’TS:1. Don’t Be a Bad NeighbourAn apartment is a shared living space. If you would like to be treated well, always be a nice man. If you really want your neighbours to treat you well, you should treat them well. Simply be a nice neighbour & know where to draw the line in your neighbour's best interest. Avoid loud music, don't have overnight parties that might produce unpleasant noise, don't get into minor conflicts that cause general problems, & constantly be aware of your garbage & other items. It's the tiny things that, if they go ignored, may quickly pile into an uncomfortable scenario.2. Don't Put Off Reporting Maintenance ProblemsThe longer you wait to address problems with your power, heating, cooling, pests, & water, the worse they will get. It is always preferable to report issues as soon as they occur. Be it a tiny leak that can be repaired without causing harm to your floor or creaks from your ceiling, If minor concerns are not addressed promptly, they’re likely to escalate into larger issues, & it won't be long before this causes problems closer to home. As a result, even if there's a maintenance issue or anything that doesn't belong in your living environment, take immediate action.3. Don't Leave the Complex LitteredWhen we live in a community, we have some restrictions on our freedom. Because you'll be utilizing these amenities daily, avoid cluttering the apartment complex, particularly the walks, elevators, parking lots, and amenity areas. And, of course, no one likes to begin their day by visiting a littered location. Though your apartment & its complex are undoubtedly important aspects of your regular life, there are some areas of the apartment building that are shared. As a result, make sure you live on your own terms while remaining aware of your limitations.Living in an apartment is a beautiful experience with its own uniqueness. You can also make your experience in the apartment complex the best if you begin living as a tenant with care and consideration for others in the neighbourhood. In a home where you'll spend the rest of your life, make sure you establish an atmosphere of safety, love, & caring. Now you know the fundamental apartment "Do's and Don'ts." However, you must first choose the proper builder to ensure your perfect comfort and happiness in your ever-dreamed apartment. Varma Homes, the most trustworthy apartment builder in Kerala, has created luxury apartments that are built for the occupants' entire comfort and happiness. Being, the top builder in Kerala, we provide you with a modern lifestyle of luxury, convenience, & pleasant living with the most sophisticated facilities as well as eco-friendly elements. Kochi, Tripunithura, Thrissur, and Thiruvananthapuram are among the cities where we have our ongoing apartment projects. Pick the one that best meets your requirements. For more information, please contact us immediately or go to our website.Read More
One of Kerala's most sought-after locations for real estate and construction is Kochi, which is growing swiftly. Kochi, a tier 2 city, is now one of India's most well-known IT centres and offers a lifestyle that is ultra-modern. Real estate is increasing not only in the residential sector but also in the commercial sector as the city grows and more modern hotels, office buildings, and shopping malls are added. Since Kochi is easily accessible by road, rail, boat, and air from everywhere on the planet, it is a wise choice if you're looking to buy apartments there. As a result, local businesses and infrastructure have grown.Buying a flat or apartment in Kochi, whether as an asset or an investment, is a significant choice that needs to be carefully thought through. One of the most crucial aspects we take into account when looking for a place is to check the location of the place which we call home. Everybody wants to purchase their ideal home, replete with all of the modern conveniences.Perks of buying a home in KochiBuying an apartment in Kochi offers several advantages. The most popular trend in the city is luxury flats and apartments, and the bulk of them are situated close to Cochin metro stations and significant cities in Ernakulum. When working people from different regions of the country move to Kochi, they encounter a variety of housing issues. You should examine the benefits and drawbacks before purchasing a home or apartment in Kochi.1. Opulent features: As demand for upscale dwellings rises, builders are providing premium homes and apartments in Kochi with upscale amenities. Depending on your demands and budget, you have complete freedom in the facilities you select. Accessibility to your workplace and key roads should be taken into account since it affects your daily commute. Locations of stores and ease of access to transportation should also be taken into account. 2. Education and Employment: The facilities for learning and working should be considered when buying apartments in Kochi. Some of the most famous educational institutions in the nation are located in Kochi. Numerous foreign schools and institutions offer top-notch education in the city. Today, Kochi is a growing IT hub, with Infopark and Smart City offering a wide range of professional opportunities. Professionals and the general public can therefore find a variety of employment and business options in Kochi. 3. The perspectives on investments: When your goals are clear, choosing becomes quicker and more effective. If you've never invested before, you might want to start small. Kochi is a great spot to do so. Buyers now have the opportunity to take a chance on the real estate market because it is no longer a seller's monopoly. You can count on reasonable prices. 4. Affordable price: Kochi is a desirable location if you're looking to settle down with your family and purchase an apartment because there are many high-quality flats and apartment buildings there that can accommodate a range of budgets and come with the amenities you want. 5. Exchange of culture: Kochi is a cultural mashup, as was already mentioned. The majority of Kochi's upscale flats come standard with sizable community halls and clubs. This makes it possible for you to coexist peacefully with your neighbours and gives you a sense of security. Design is a skill that only a select few are gifted with. It requires great courage, drive, and enthusiasm. With our brand-new apartment projects across Kerala, Varma Homes is enroute to introducing an opulent lifestyle as part of its objective to "Constructing Happiness."We have always been committed to building happiness for our clients who believe in making a secure investment in happy homes for future generations. Over the years, we have maintained our exceptional quality and high standards, which includes only working with partners and vendors who share our commitment to excellence. We, at Varma Homes, work to satisfy all stakeholders, including clients, investors, and employees.Read More
Everyone has a dream of owning their dream haven. However, it is a fact that home purchasing isn’t all that effortless and sometimes appears difficult. This takes fairly some savings and is uptight with stress and a lot of complex decision-making. But there are a lot of financing options available on the market that largely takes the brakes off buying a home: a home loan. It isn’t tough to find a loan for your next real estate investment. Though, finding the best possible loan for your investment needs a bit more work. So here are some steps you need to follow to ensure your home loan can be processed without glitches: Recognize Your Eligibility & Relate Your Possibilities There avail lots of home loans that are not created equal. They can have varying fees, interest rates, points, and other things that can stand up how much it will result in costing you. So, for easily getting approval for your home loan, you have to figure out your eligibility, which largely centres on the capability of settlement and age before you approach the bank. Work on Your Credit Score If you’re applying for a conventional mortgage for your home, you can be sure that your credit score will come into play. The clean financial record with your credit card, debit and other loans paid off will not only affect your eligibility criteria but also help you get the best deal if you are searching for a 2 or 3BHK apartment or flats. Multiple home loan applications or many credit enquiries may lead to a hard pull on your credit score, so it is required to slow any kind of borrowing in advance. Only Deal with A Reputed & Trusted Builder Loan approvals can be smoothly done if you have a licensed & reputed builder on board. It not only ensures a safe investment in your future and present happiness but also increases the chances of getting a fairly good loan amount. That is, the bank tends to generate a confident level of trust when it comes to a genuine and trusted builder and even their buyers, it helps that they are branded for constructing safe & happy homes. Also, your builder’s past and present projects and their successful running business in this competitive reality market aid in getting your loan through. Stay at Your Job Staying stable at your job will give a high chance of getting approved. Having a steadily monthly income is important to get approved for a mortgage. So do avoid changing your job. Your bank needs to know if you have a high possibility of steady employment and income during this loan period to permit you to make your loan refunds on time. Ascertain You Have A Clean Title Deed & Complete Documentation of The Apartment Even though this is not associated with your distinct credit state, banks need to guarantee that there is not any problem with your investment in case you default on your loan. Hence, the bank will first check that all the legal documents of your apartment are in order. After you have cleared all the necessary documents and requirements, your loan approval process can be successfully closed. If you’re in search of apartments in Kerala, consider Varma Homes projects, the leading and the most promising builders in Kerala. We offer happy & safe apartments with wonderful amenities in highly-sought after residential areas in Kochi, Tripunithura, Thrissur and Trivandrum. We know that your home is probably the most significant purchase you will ever make. Hence, we construct it with as much care to aid you to live a good life for years to come. So, take your dream apartment from the house of Varma Homes.Read More
Ernakulam, located in the state of Kerala, India, is a city known for its rich culture and history, as well as its booming economy. In recent years, Ernakulam has become a popular destination for property buyers looking for a flat or apartment to call their own. In this article, we will explore the key reasons why flats in Ernakulam are the best buy for potential homeowners.Location: Ernakulam is the commercial capital of Kerala and is well-connected to major cities such as Kochi and Trivandrum. This makes it an attractive option for people looking to buy property in the region. The city is also home to a number of colleges, universities and research institutes, which makes it a popular destination for students and academics.Economic growth: Ernakulam has a thriving economy, with a large number of industries and businesses located in the city. This has led to an increase in job opportunities and population growth, which in turn has led to a rise in property prices. The city's proximity to the Port of Cochin, one of the busiest ports in India, also makes it an attractive destination for businesses looking to expand.Amenities and infrastructure: Ernakulam has a good infrastructure and amenities, including schools, hospitals, shopping centers, and public transportation. This makes it a convenient and comfortable place to live. Additionally, the city has a number of parks, playgrounds and other recreational facilities, which provide a great environment for families and children.Tourism potential: Ernakulam is a popular tourist destination, known for its beautiful beaches, temples, and other historical sites. The city is also home to a number of museums and art galleries, which make it a great place for culture enthusiasts. This tourism potential also helps to make Ernakulam a great place to invest in property, as rental income from tourism can provide a steady stream of passive income.Affordable prices: Ernakulam is one of the most affordable cities in Kerala to buy a flat, even though the prices are increasing in recent years. Offering a wide range of options, from budget-friendly apartments to luxury flats in Ernakulam, which makes it an ideal destination for people looking to buy property on a budget.Well-connected and accessible:Kochi and Ernakulam are more linked and accessible than any other cities in the entire state of Kerala. Ernakulam is easily accessible from everywhere in the world by road, train, air, or water because nearly all kinds of connectivity are already operating at their best levels.Medical Infrastructure:Ernakulam, the state's most contemporary metropolis, also offers the best medical facilities and the best medical infrastructure. Some multispecialty hospitals have such high standards for care and service that patients from across the state and even the nation travel there for medical care and wellness activities.Another accomplishment of the city's medical community and infrastructure is the way in which it was able to successfully stop the spread of the current pandemic.In conclusion, Ernakulam is a great place to buy a flat or apartment. It offers a great location, a thriving economy, good infrastructure and amenities, tourism potential, and affordable prices. All of these factors make Ernakulam an attractive destination for property buyers looking for a flat or apartment to call their own. With a wide range of options available, there is something for everyone in Ernakulam.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
Everyone has biased opinions of apartment living. In fact, it has diverse perks that differ from the living of an independent house. Well here are some common myths circulating about apartment living in general. Fortunately, these are just those myths! However, the truth is, an apartment is a better option than an independent house in several ways. Take a look at common myths about apartment living that need to be busted. Myth#1: Lacks Social Life Many accept that apartment tenants favor keeping to themselves & that individuals are not friendly. It's really funny when individuals assume occupants in apartments are excessively straight confronted and are probably going to mind their own interests. But in reality, luxury apartments have a wide range of amenities to keep the sporty vibe in the premises going. Right from ultra-luxurious clubhouses to complete health and sportive conveniences, they have everything. So apartments with an extensive amount of amenities promote social living and make everybody a part of a close-knit society. Myth#2: Not Convenient This is one of the greatest wrong misguided judgments about apartment living. Whereas apartments come with different conveniences to guarantee a serene & happy life for occupants. Be it maintenance or security, apartments are prepared to offer the best of metropolitan living. Myth#3: There Is No Privacy Apartments these days are created with much more consideration about the living experience than any time before. They are designed in such a means to guarantee the total privacy of families living inside. They are signified to give a hotel-like feel to the homes with no/minimum common walls within the apartments, soundproof walls, and a lot more customized conveniences to ensure privacy. Myth#4: Too Expensive Individuals will in general consider apartment living as a costly issue when contrasted with autonomous houses. In any case, apartments make a commendable investment guaranteeing quality living will all the essential conveniences. From swimming pools to 24 hours security, apartment living makes life simple. Myth#5: Not Sufficient Space Oftentimes when individuals hear the word 'apartment', they promptly think about a shabby, confined living space with no storage alternatives. Actually, numerous luxury apartments have a ton to offer in storage terms. Search for homes with spacious balconies, open-plan living, higher than normal roof heights & so on, where there is no question of space shortage. There we can find functional design elements such as separate laundry spaces, natural light, ventilation, and much more. Myth#6: Not As Safe As Independent Homes Basically, all apartments are provided with 24 hours security & CCTV surveillance of premises to guarantee the wellbeing and security of the inhabitants. Hence these are really more secure than independent houses which have the least security around the premises. Furthermore, the vehicles too have much greater and optimized space & safety in the car parking area of apartment premises, which is more protected than a car park in the garage of an independent house. In a nutshell, Perhaps the main thing you ought to get from this is that things that may appear obvious aren't factual. In fact, investing in luxury apartments can definitely be a great deal. But when managing your purchase of an apartment you should make an honest effort to research as much you can. Before focusing on the right apartment project to purchase, guarantee that you pick a renowned & reliable real estate builder with a good track record & reputation. As a home purchaser, it is your privilege and duty to check if the builder has enlisted the project with RERA & so on. If you are in search of the best builder, then here is your right choice, Varma Homes a name that stands for perfect top-notch quality home builders. We have a legacy of expertise in this field and refinement that is reflected altogether in our residential projects since the day of inception. With superiority apartment projects, we are probably the best builder in Kerala offering affordable and luxury apartments in prominent places in Kerala such as Kochi, Tripunithura, Thiruvananthapuram, Thrissur and Kozhikode. We ensure that all our apartment projects are constructed to serve the requirements of our buyers & and meet their happiness. Moreover, all Varma Homes projects are well planned & executed to guarantee that apartments are delivered on time, every time! From luxury to super-luxury apartments, we offer the ideal choices for home-purchasers looking for quality apartment living. After all, at the end of the day, we all want a home that matches our lifestyle, so enquire now to get what you dreamt of!!!Read More