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.
Living in a big city has a lot of great advantages that are difficult to overlook. And for apartment residents, living in the city's center is the most popular alternative, since it provides the finest of metropolitan experiences. With the city's bustling nightlife, endless shopping options, and picturesque scenery, it's no surprise that living in the center of town can be pretty great. Here are some of the key benefits of living in a charming, contemporary high-rise apartment located in the heart of one of Kerala's greatest cities. Mass ConnectivityA flat or apartment in the city's center has direct access to all the main transportation hubs, such as the train station, bus stop, metro rail, airport, and so on. Another benefit is the easy accessibility to different regions of the city.Close to AmenitiesStaying close to the city's core also means being close to all of the city's essential amenities. The alleys in the city center should preferably have a blend of shops, retail malls, restaurants, salons, urban open spaces, & amusement centers, as well as educational and healthcare institutions. Those residing in nearby areas have the opportunity to see and admire the city lights long after it becomes dark, since shops in the city center remain open until late at night.The Better Choice for Social Activities Living in the city increases your odds of connecting with people, providing you with several possibilities to socialize. You can broaden your personal & professional networks by connecting with a group of people, whether they are college friends, neighbors, or coworkers. Meeting people from other regions of the world or with different life experiences is not only energizing but also helps you get a deeper understanding of the world.Close to WorkThe city's centre will be quite near the core business center, which will house the majority of the city's offices and employment zones. This means that houses in the city centre will be closer to work, making commuting easier.Varied Entertainment OptionsWhen you move to a metro region, you'll find lots of places to get out and thingsgo out to do for leisure & fun. Right from movies to sports facilities and gleaming shopping malls, etc. So, if you're looking for cultural and entertainment enrichment, relocating near the city center appears to be an excellent choice.Get the Best Medical Care FacilitiesIn comparison to major cities, remote towns lack the facilities and resources required for proper medical treatment. They also have to travel vast distances to visit a doctor to receive medical treatment. In contrast, medical options are typically more available in the city center. There are various walk-in clinics, physicians, & pharmacies spread all across the city, and many of the best hospitals are accessible only in metropolitan areas. Would you like to be part of having an apartment in the heart of one of the most popular cities in Kerala? We at Varma Homes, the leading real estate builder in Kerala, have assorted ongoing apartments in the center of the prime spot in Kerala. Are you looking for a vibrant, urban environment where everything is at your fingertips? Varma Homes has it all. Varma apartments offer homes that are a perfect blend of everything futuristic, including location, community, technology, & top-of-the-line amenities. We're committed to providing you with the opulent & convenient apartment living experience you've always desired. So if you’re searching for your dream home, browse through the stunning projects of Varma Homes.Read More
Pre-Approved Home Loan & Take a Step Closer To Your Dream Home Looking ahead to the point where you want to avail pre-approved home loan to buy your dream home. Owning a home is everyone’s dream and most of us save up our hard-earned cash towards fulfilling this dream. However, our savings are not sufficient to achieve it, for this home loans options are there. After zeroing on the dream home the second biggest hurdle facing the home seeker is to obtaining a home loan. For this now, banks and financing institutions are providing loans much more handily than before. Pre-approved home loans are one of the most convenient and hassle-free ways to gather funds towards a home that you desire. It is the best way, as one will get a clear hint about the budget available for making the buying. This will aid you in thinning down the choices available and would be useful in finishing the transaction as quickly as possible. What Is A Pre-Approved Home Loan? Pre-approved home loans are slightly different from conventional home loans. It is mainly based on the refund capability of the person and not fully reliant on the property itself. One does not want property papers or related documents to apply for pre-approved home loans. I.e. it is a hassle-free method and processing will be fast with bare minimum documentation. The bank or the financial institute can give a stipulated amount of time once the approval of a loan to finalise the property. If anyone fails to finalise a property within the stipulated time, one should reconsider his application at a nominal cost. What Is Pre-Approved Property? Nowadays, mostly all builders get their residential projects pre-approved by lending institutions. The pre-approved property means that the particular financial institute has verified all technical and legal documents of the projects and has found them in order. Therefore, any buyer, who applies for the home loan for this property, do not require any legal verification. Key Points to Consider While Applying for a Pre- Approved Loan Pre-approved loans are like ‘Invitation to Apply’ (ITA) offer and hence it is valid only for a certain period of time. Therefore, the client needs to apply in the specified time frame to be qualified for the offer or the aids it brings. Enquire about the prepayment & pre-closure charges. Compare available features and interest rates. Look for zero processing charges. Important Features of Pre- Approved Loan Faster loan disbursal: As most of the verification is done during the pre-approval phase, it becomes faster to get the loan disbursed once the property is finalised. In such a case, banks only verify the property documents and give the final approval, which helps buyers of properties that have a shorter window of the transaction and have a time limit involved in their transaction. Lower Interest Rate: Pre-approved home loans may come with a lower interest. As the bank has already checked your income, current balance, repayment history and savings, it becomes clear that they are certain about you paying the installments on time. Focused house hunt: The housing market deals horde of choices to buyers containing apartments, villas, independent houses, floors etc. Knowing one’s loan eligibility benefits the candidate to limit the search and focus on the property comes under that budget category. This saves time and effort as the properties falling out of the scope will not be considered. Minimum Documentation: A pre-approved loan is offered to the existing customers, that is why minimum or no documentation is required, and the process is a hassle-free. Better negotiation power: Having a pre-approved home loan enables you to negotiate with your seller. The builder will be aware that your funds are in order and that you are a genuine buyer as pre-approved loans are available for a particular period only. You can start planning for your home and be ready to purchase it at the right time without having to deal with a last-minute loan rejection. Whether you are looking for the top builder in Kerala for owning your dream apartment, then you can heed towards Varma Homes. Step into Varma Homes and feel the magic of luxurious living along with zero concerns about taking of loan in order to make up for what is a shortage. As we have the tie-up with all major banks, and we offer pre-approved loans for all our projects, which makes the entire process a whole lot stress-free. A pre-approved loan always gives a head start that regular loans do not and it makes loan disbursement convenient and easy for you. We offer apartments at the most-desired places in Kerala such as Kochi, Thrissur and Trivandrum with excellent amenities to give you the best lifestyle like no one else. Now the good news for buyers is that you have to pay only 10% for the booking of your apartment. In addition, we provide some special offers on spot booking in some zones. So book your dream apartment now by paying only 10% with instant loan approval and take a step closer to living in your dream home! Come, experience the magnificence of Varma Homes apartments that match your requirements and balances your lifestyle!Read More
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. Decide On Your Budget 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. Go For a Side Hustle to Earn Additional Cash to Save For an Apartment 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. Chop Down Your Debts 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. Cherry-pick Good Investment Options 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. Be Financially Disciplined 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. Rent Out a Smaller Place 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!Read More
The concept of luxury apartments is continually developing in Indian business sectors because of expanding buying power. The interest of luxury projects has been gradually moving from the high class to the middle-class populace implying the immense potential in this area. To cook this expanding demand, builders are thinking of luxury projects which focus on this growing upper-middle class. The high-end amenities, privacy ensured, super luxury apartments, collectable ideas, these are only a portion of the terms that you would be familiar with when you start your chase for a dream home. Nevertheless, do you really think about what actually defines a super luxury apartment? Is it only one of the modifiers that a real estate developer uses to trap the high-income people? What's behind the luxury apartment amenities? So, let’s take a peek into it! Strategic Location One of the most vital factors that must be counted while investing in your dream luxury apartment project is a convenient location. A centrally located super luxury apartment is preferable to the high-net-worth individuals who wish to stay close to the upscale neighbourhoods of the city like hospitals, malls, educational institutions, markets, railway stations, business districts and so on. Also, the window view available from an apartment is a prime aspect. Security & Safety Luxury apartments are just all about complete security. Residents expect to have the full guarantee that their whole family members & property are safe in all aspects. Therefore, luxury apartment projects should meet the best security provisions in terms of actual personnel to advanced technology in surveillance & monitoring. Also, it contains emergency buzzers, intercoms, & top-of-the-line security installations that ensure better safety. Top-Notch Amenities Those who wish to invest in a luxury apartment need the best that money can get. Luxury homes are carefully designed to grant supreme comfort, with beautiful interiors and cutting-edge amenities. Premium apartment projects must contribute state-of-the-art facilities such as rooftop swimming pool, home theatre, multiple parking, Wi-Fi, fast elevators, landscaped gardens, 24-hour security & gymnasiums. These are some relevant realities that you can guarantee while looking for the right luxury apartment to be certain that you settle on the ideal buy choice. With the huge rise in luxury apartments in cities, the word luxury is being abused by some real estate developers. Hence a tip to all the apartment purchasers is to do intensive research on the luxury aspect of the shortlisted projects and settle on the property that merits each money of the weight it carries in your pocket. Investing your money in a trustable builder who ensures top-notch construction quality and the best return on investment. Varma Homes, one of the most trusted and reliable builders in Kerala offer beautiful apartment projects in Kochi, Tripunithura, Trivandrum & Thrissur. If you are searching for a super luxury apartment project perfect that lines educational institutions, hospitals, markets, malls and many other conveniences in the heart of Trivandrum city then purchasing your dream super luxury apartment in Poojappura, would be most ideal. Here you can find Dr. Pai's Heritage at Poojappura, a major residential region for apartment-hunters in Trivandrum based on your preferences. It is a 2 & 3 BHK super luxury apartment with high-end amenities for comfortable living. So, come & experience the model apartment which will redefine the experience of luxury living!Read More
Varma homes have just started the piling process of our very new project Varma's Spectrum in Poochatty. Everyone has heard about the term - Piling from the construction industry. Being a committed builder who has been in the construction industry for more than a decade, team Varma is committed to provide you with information from the industry which is extremely essential for customers to do a quality check of the construction. What is Piling ? It’s much known fact that the foundation of any building need to be strong enough to bear the load which can be vertical as well as horizontal in the events of earthquakes, heavy winds and hydrostatic pressure. Things should be done with foresightedness where to avoid any damage or calamity to the buildings, foundation should be done considering diverse conditions. The texture of the soil and waterlogging nature can also become factors to create a strong foundation. A strong piling is required in such cases, where long structures made of steel, concrete or reinforced steel are driven deep into the soil which ensures an even distribution of building loads over a big surface area. It is much essential for residential building to ensure strength in areas where soil is loose, that is basically in river banks, sea shore and dried up water bodies. For commercial properties its highly recommended as the load will be higher and also in cases where soil is weak. Advantages of piling There are many advantages for the entire building construction if a strong piling is done. The piles can be created in any size or length which reduces the construction time which is done with much planning and reduces less supervision when compared to shallow foundations. Effective use of piling in building construction ensures that building can take more loads than regular foundations. Types of piling • End bearing piles• Friction Piles• Direct Mud Circulation Piles• Rotary Piles• Sand piles A structural engineer of a building is the one who decides if there should be a pile foundation for your building. In most of the cases, its done for apartment projects and the type of piling solely depends on the number of floors and amenities in the same. A soil test is done to check the nature of soil including water content, salinity and corrosiveness which would determine the capacity of the soil. Varma Homes ensures the best quality and enforces reliability in every projects that we do and ensure the best construction principles in all our sites.Read More