Substantial Costs You Need To Consider Before Home Buying
Substantial Costs You Need To Consider Before Home Buying
Purchasing a house is a major responsibility & it will be the greatest buy you make in your lifetime. Purchasing the correct one takes a great deal of time and research to find a property that matches with your long-time dream home requirements. Obviously, there is the challenge that ties in with finding a house which you can afford & enjoy for quite a long time to come. Also, it might be ideal if you save a cradle sum for a few different costs that are engaged with home purchasing. We are not mentioning the initial EMI costs or down payment that you need set up prior to booking your home. On the whole; here we are discussing different costs apart from home purchasing.
Registration & Stamp Duty charges: There are registration & stamp duty charges that you should pay against your property. These charges become judged based on property value. Stamp duty is a mandatory payment that the purchasers give the government to register the apartment in their name. Registration and stamp duty charges in Kerala is typically 7 to 10% of the whole property cost.
Maintenance Charges: Apart from registration charges, you should save some additional cash for the maintenance costs that you need to pay the builder. It is primarily a fee for maintenance of the amenities & facilities provided by the builder. Real estate builders usually take as long as a year's maintenance charge at the time you move into a new apartment. The maintenance costs fluctuate from one property to others as it relies upon the type of amenities it offers to the purchaser.
Parking Charges: As well, there are also parking charges. You should pay an extra sum for the assigned parking area. In housing buildings, each flat or apartment benefits with a selective parking spot with your home number imprinted on it. You will bear an additional charge for it at the moment of purchasing the apartment & gain with problem free & easy parking each day.
Property Tax: Another cost is the tax you need to pay against your property to the state government. The amount of tax depends upon your property value & it can vary from one state to another. Accordingly, you can get the estimation done in the initial stage itself. Even though you may the alternative of paying this amount on a month-to-month basis or quarterly or yearly basis.
Interior Costs: Once you purchase your own home, you will have a plan to design it in your own way. For this one, you have to spend some amount in getting the interiors done as per your requirements & preferences. This spending can charge quite a fortune relying upon the specific nature of interior work being embraced.
Preferential Location Charge: It is an additional charge that gets required when you book a flat or apartment with a specific location, floor & view. You may have to pay an additional cost for a home with a lake or garden view. So preferential location charge is an extra charge which every builder will impose & it will vary with the builder.
Apart from this, you will likewise need to save cost for moving your things from the existing area to the new apartment. That is relocation cost, for this you should save some additional cash for the movers and packers services that you profit. So, when it comes to purchasing a house, you have to think about the above-mentioned costs and should have a different financial plan for it. If you are wanting to purchase an apartment from the most promising real estate builder who will clarify you about every costing associated with home purchasing, then trust Varma Homes. Being the top & most demanding real estate builder in Kerala, you can completely trust Varma Homes for your dream home, which will definitely be worthy of your hard-earned money. We do charge these costs yet we will inform you concerning each cost, & you can choose the property likewise. You can select your dream home as per your requirements & budget from our different residential projects in Kochi, Tripunithura, Thiruvananthapuram, Thrissur, and Kozhikode. You can learn more about our projects on our website and connect with our team today for making your lifetime deal with us!
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Reasons Why Flats in Kochi Are the Best Option for Sale
In the city of most up-to-the-minute events, Kochi, you can earn a bit more if you make the right investment. If you have just moved to Kochi, this is a great way to learn why Kochi stands to be the best city to settle or invest in.Lots of pre-launch, upcoming and ongoing Flats in Kochi for Sale in Suburbs will be constructed to fulfil the desire of the customers who would like to live in an ultra-modern city and get all types of facilities in the tier II city like Kochi. Real Estate Kochi is incorporated in the first position when compared to the other metro cities in Asia and it is not just working with residential projects but also putting hands in commercial projects of IT Sectors, trendsetting shopping malls, business houses which are situated across the entire city.You always do not need to own a fortune to make more money as such silent, passive income sources will fetch your earnings even while you work elsewhere. If you are ready to think about investing and selling flats in Kochi, scroll over!High-Quality Building StructuresIf you are looking for a new flat, you will first look at the strength and credibility of the builder you invest in, right? Now, in the case of quality and premium flats in Kochi for sale, they are bound by strict quality measures of construction quality. Unlike the big metropolitan cities, where everything goes through stringent procedures before the flats are delivered to the customers. Owing to the climatic differences, the builders make it a point to bring in solutions that will solve the stress of flat owners at any point in time. Since the focus is on investment, quality builders make sure to build a lifelong promise of strong structures in Kochi.Legal WorkBy buying or selling a flat in Kochi, you can be assured of getting all the right papers in your ownership. This is because as per the rules, builders pay the necessary taxes and all other dues. This ensures that more than half of the background study for your investment for a flat in Kochi is done right. If the flat owner is in the custody of the right documentation, then you can also pursue a smooth sale. If you do not have the proper papers, which would lead to unnecessary complications like sibling fights, or flat inheritance. In Kochi, the people are pretty sure to get everything in print and that helps you to cross-check the details.Passive IncomeThink about your retirement plan. We all need a source of passive income. For example, the spacious flats in Kochi are a great source of attraction for those who love to sell out homes to foreigners. Over the years, since the living costs are rising, selling the flats is a viable option and then again making a buy soon. This allows investors to keep the money rolling and the investment will grow your bank balance too. Note that there have been many retired professionals who have come back from the UK, USA, and even Africa and they have been able to enjoy their retirement life in Kochi with this glorious sale of their flats. So, if you are earning an income now, you should try to save up and invest in one or two flats that are affordable to the people.Wonders of Nature & ClimateKochi is known to be a place where the climate is just awesome. This is one of the reasons why a lot of eco-friendly tourists gather in Kerala every year. Kochi is the first point from The International Cochin airport where tourists can get down and connect with the most iconic hill stations in South India. A great climate is one of the major factors that keep people coming back for a permanent settlement. Also Read: What are the common mistakes to avoid while investing in real estateScope for GrowthNext time you opt to search for flats in Kochi for sale, you must understand that this is a great decision in your capacity. Kochi is a city that is growing fat, expanding in terms of business and development. Today, this is one of the most preferred spaces for start-ups and that means there is a fabulous amount of inflow and outflow of money. So, if businesses are to start, the owners or rather the founders would love to invest in a permanent living flat rather than rentals every day.So, this is your golden chance to sell your flat and build your secured source of income. We don't say that you should stop there. You can always reinvest and buy new premium flats in Kochi for a quick sale. Price of Property in Kochi is appreciated very quickly and the Real-estate Kochi is nearly as good together with the high rises of huge cities around the globe named Shanghai, Singapore, The big apple, Moscow and London. Return of investment is profitable here.
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HOME BUYING TIPS FOR FIRST-TIME HOME BUYERS
Looking to purchase a dream home for the first time? We know that there are hundreds of questions that pop up as soon as the decision is made. Owning a home is the dream for people, but to convert it into reality needs more hard work, diligence and lots of financial commitment. For all such first time buyers who are searching to purchase that dream home must have an in-depth understanding of the processes involved and should be more careful. Here are some of the most important tips to keep in mind for first time home buyers. · Pay Heed to the Locality Based on your daily schedule, job location, the necessity for good schools for your kids, mode of transportation; you should select a home in the right area. Also, you can opt for a location with a hospital in the region where you can go immediately in case of any medical emergencies. Consider all these factors very sensibly when buying an apartment. When picking the location, also give a thought to the neighbourhood with a fair mix of commercial centres, offers good living conditions. Subject to your likings, you may want a home in a quiet neighbourhood or with a shopping market or schools nearby. Anyways for first-time buyer research the location of the property that you wish to buy. · Cross-Check Builders Credentials & Make the Right Verdict It is very significant to identify all the information about the property which you are planned for purchasing. Likewise, you should also aware of the builder who you are considered to buy the property from. Make sure builders must have well-reputation in the industry. This can be collected by reviewing their profiles. So research the credibility of your builder, reviewing their historical records, amenities list, previous client satisfaction forms, know their after-sales customer handling services, project delivery, promptness, customer satisfaction, reliability, quality and so on. You can also visit their previous sites to confirm the building qualities and client support. · Consider Your Financing Options & Secure Financing It’s essential to know and concern about your present financial state. While you decide to buy your apartment think about the price what the builder is stating you, whether you can afford it or not. It is preferred to talk with finance companies could either work well or go wrong. Also, it’s good to select a housing loan that comes with the lesser interest rate, a longer span in return payment, convenient EMI options, timely sanctions, disbursals, etc. Taking a home loan not only benefits you fund your dream home, but you also get tax benefits on interest payments and principal repayments. · Verify Legal Matters Once you make an appointment for visiting the site of your short-listed project, make sure the builder grant you all government-approved documents of the property. The title deed is one of the most major factors when you are about to buy an apartment. Since it is something you cannot leave it for the future but priorities first. Make sure the builder gives you all the documents containing ownership transfer, NOC’s, clearance, water permits, occupancy certificates and lot more. As a home buyer, you have to take effort to know about the required documents and approvals of your apartment which will help you to live peacefully. · Give Thought to Amenities Based on the sort of home that you want to purchase, whether it's an apartment or a villa or a whole house with multiple floors, you'll get to confirm that the amenities and facilities that you are looking for or have always wanted, are available therein property. Usually, the good builder will offer amenities like gyms, spas, swimming pools, clubhouses, parking lots etc. Though, the cost of those amenities has got to be borne by the inhabitants. You ought to carefully weigh the necessity for these amenities and whether or not they fit in with your particular lifestyle. Ready to Get Started? Buying your dream home from a reputed builder helps you to gauge the construction quality. Moreover, a reputed realtor is known to adhere to the provisions of the housing acts for sustainable brand recognition. Here you can refer Varma Homes, the top builders in Kerala followed by all rules and regulations of the real estate industry where you can find out various convenient projects in various locations of Kerala. Along with state-of-the-art amenities and facilities, the homebuyers also get peace of mind and safety while investing in their dream home with Varma Homes. So don’t mess with the rest, trust Varma Homes- Building up great things with superior quality, great value & honest service!
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Planning To Buy A Luxurious Apartment In KOCHI?
A new home is one of those dreams which most of us would have, achieving that can be one among many life achievements that you would always like to be proud. It can be one of the greatest investment in everyone's life. If you make your investment at the right place, it becomes one of the biggest assets which will be always a return for your money. Make such wise decisions when you buy your desired apartments from Varma Homes, the best builder in Kerala. Let’s see how Varma Homes is the most demanded builders for building homes all over Kerala. Varma Homes is a construction company which is brought out from a management which has got more than 25 years of experience in construction and allied management. We believe in the ideology that "Customer is King" and strive to bring out everything to make them happy. Our vision is to have a clarity in our thought processes which would eventually pave way to build quality homes delivered on time and aspire for the betterment of the future of the environment, the general public, and our business. This makes our customers happy and that's what we ultimately require. Why Varma Homes? We perfectly understand that construction business is one of the most competitive domains of work. A customer looks out mainly for three things from a construction company. The first one would be whether it suits their budget, does that apartment or home suit their requirements and also if it’s luxurious. This are basic according to the ideology in which Varma Homes work. We would like to always go extra mile for our customer to ensure our vision and mission is met. We also provide the following aspects to our customers. • Transparent documentation • Clear title deed • Excellent customer services • Assured quality • Timely delivery • Periodical updates of project status to customers • Systematic handing over procedure • Excellent post-sale service • Home care service • Maintenance Timely Updates Serving our global customers with updated services make us the most trustworthy apartment builder of Kerala. At the inception of each of new project, we provide our customers with latest updates and news they need to know about our new approaches and also about the latest trend which Varma has incorporated in their new ventures. We send regular updates in our websites and through new generation media to ensure each customer of us is part of the Varma family and updating is essential. We believe it your reference which gives us quality customers whom we convert to business. Do you want to own your dream home? Check out our on- going projects and grab your favourite one! Varma’s Maalika a spell bound feeling project right at SN Junction in Tripunithura is now becoming a signature project of Varma. As we already told, the location where you have a home is the most important aspect. We have taken extreme diligence in finding out such a plot which can be converted to an apartment project. The best feature of Maalika is that it’s just a step away from where the Madurai highway, which connects Kochi to the outside world. Schools and other facilities are just around. Varma’s Kottaram has a special identity as it’s a palace plot which is reconstructed to an apartment. All the goodness of the traditional palace, the location and its serenity, the pure residential atmosphere makes Kottaram an attractive one. It’s very close to the Royal Kalikotta Palace and Sreepoornathrayeesha Temple, a location which has access to the mini bye pass, schools and shopping arcades. Varma’s Padippura which is very close to the much famous Statue Junction of Tripunithura is a very convenient place to have your home. The 2 bhk and 3 bhk apartment project, in a pure temple town is a dream for people who would love to have a clean life. The Sreepornathrayeeesaha Temple, Chinmaya School, shopping centres and other facilities is right there. Varma Homes the best builders with a Royal Lineage your partner for dream construction projects and apartments!
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Factors to be Considered While Seeing a Sample Flat
“Seeing is believing”, therefore experiencing your new home through a sample flat seems to be a significant task for a home buyer, even though there are many important factors to be considered regarding this approach too. A sample flat is one of the marketing practices used by the builders to exhibit their clients of what they can actually offer in their proposed house. From the real estate developers’ point of view, it is much more effective than the traditional marketing techniques used such as banners, brochures, emails, etc. And from the home buyers’ point of view, it is an added advantage for them, as they get to see their proposed house with all its interiors done, well before the actual purchase of it. It is indeed an exciting experience to know how their abode will look like. Following are the factors to be considered while seeing a sample flat: 1. Have a look at two or three properties from the same builders to get an overall idea about their recent residential projects. 2. Go for trustworthy builders who can deliver their proposed projects on time without making any delay. 3. Use the sample flat as a sensible guide to know how your home might finally be like. 4. In order to get a clear picture of your apartment, have a look at the layout plan and the architectural drawing. 5. Prepare a cost estimate, well in advance before making a final decision on buying the apartment. 6. Read out the sale agreement carefully, discuss with your home builder then and there so as to avoid any disagreeable conditions in the future. Varma Homes, the top and the trusted builders in Cochin presents the sample apartments of Varma Regent at Edappally. The top builders in Edappally is all set with their sample apartments of the current ongoing residential project located at Ponekkara. Varma Regent, the affordable apartments in Edappally with all the luxury amenities, is on its last phase of completion. The 2 bhk luxury apartments ranging between areas of 862 sq.ft to 1357 sq.ft ensure all premium facilities on an affordable price range. And the project is likely to get accomplished by the end of December. Only a few units are left, as most of the units of Varma Regent are already sold out. Varma Homes is the best and the trustworthy home builders in Kochi whom you can count upon. All the home seekers out there, who are looking forward to buy apartments in Edappally, pay a visit to Varma Regent’s sample apartments near Lulu mall - one of the major attractions for someone looking for luxury flats in Edappally. For more details about flats in Edappally, contact us today. Call +91 9645 88 33 33 for more details.
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BUYING A HOME — FROM HOME
COVID pandemic has discouraged the spirit of many home buyers, for all those who were in the middle of hitting a deal for buying an apartment. Is this uncertain crisis holding you back to realize your dream apartment in your hometown? You don’t need to stop your dream of chasing your lifetime investment of owning a beautiful home. Here is a good news, at Varma Homes we are here to help you to realize your dream of owning your apartment even in these unusual times with all the safety measures. Being a responsible and reliable builder in Kerala, we stand for constructing a better world tomorrow and we have resumed the operations in all our project locations such as Kochi, Trivandrum & Thrissur while keeping the safety guidelines of the Government. Given the strict regulations surrounding social distancing, we have started sharpening our digital tools. Well, waiting until the lockdown is lifted to buy your dream apartment wouldn’t be the wisest decision. So get ahead of the market! Here is how you can still benefit from the lockdown and buy your dream home. Exclusive Online Booking Now customers who are keen on purchasing an apartment are more likely to go online to seek information, interact, and even close a deal. Potential buyers, including NRIs, are now getting enough time to discuss and research properties online. Once you get the information about the property, you may even opt to make the booking online. Online booking involves payment of the initial token amount for the property. You can complete the entire booking process online, including making advance payments in a jiffy just like that. Adhering to Social Distancing 'Site Visits' Considering the current scenario, where there is a strong emphasis on social distancing we provide site visits for our customers with full measures. We promise you to full safety while you make site visits. We have taken all precautions for your safety as per the guidelines issued by the Government Health Authorities. We use sanitised cars for client pick up and drop Thermal scanning at the entrance to assure safety Sanitizers provided at each site for sanitising hands Each visitor shall be provided masks during the visit Only one person will guide you for the guided tour. Only one person will be permitted to enter the sample apartment at a time. Clients are requested to strictly follow social distancing and safety protocols during the visit. Special Offers to NRI’s With the ongoing pandemic leaving a crippling effect on societies and economies worldwide, we introduced special offers for potential buyers especially for NRI’s. With our special offers, you can now own a luxury apartment even in this unpredecent situation. Yes, this will be an offer that you simply can’t refuse. So take advantage of time and situation. Have a happy and safe purchasing! This is limited so hurry up the especially NRIs who are preparing to return to “safe haven” Kerala by buying a piece of the country’s real estate.At this moment, it is important that each one of us do our bit in controlling the outbreak. For this, we can collectively take the benefit of digital transformation, with this the physical and time-consuming act of buying a home could be reduced to a few clicks. This digital transformation will help both the builder and buyer to close the deal effectively. Hence we can take the positive sides, whatever the situation, the game must go on. Indeed, this crisis will leave more sensitised about personal hygiene, cleanliness and healthy ways of life. Let us give time with courage, patience and compassion, together we shall overcome! Let your investment be not under lockdown. Do the safe booking of your dream apartment from your home. Stay Safe & Keep Social Distancing!
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