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.
Everyone wants to live in their own home these days, not in a rental, as soon as they start making money, and preferably in a neighbourhood with schools, colleges, a local market, and most crucially, hospitals. It also becomes a clear decision if it is bordered by lush natural plantations and equipped with opulent amenities like a swimming pool, gym, clubhouse, and leisure area. People are willing to make significant financial investments in real estate, thus they are only looking for a flat or villa in their town.Kerala is regarded as "God's Own Country," and the state's extensive use of the colours green and blue results in cities that are surrounded by vegetation and the ocean. There are many people looking to invest in real estate there, and Keralan builders are also providing some excellent deals. One of the cities, Thrissur, is a popular destination for many people, and there are several apartment buildings there. There are multiple builders and developers in Thrissur providing living spaces in the town. Nevertheless, it is always wise to indulge in some research before zeroing a dwelling space. In case one wants to opt for ready-to-occupy flats in Thrissur, here are some points that must be kept in mind.LocationThe most crucial thing to take into account is location. Your ideal home should be situated in a decent neighbourhood that is secure, clean, and well-equipped with amenities, and that has had significant expansion in recent years. It should have easy access to parks, public transportation, health facilities, educational institutions, governmental agencies, shopping centres, and other areas of the city.Appreciation valueThe property you select must be situated in a neighbourhood that has recently experienced expansion. With the passage of time, property value should have increased significantly. The best place to invest is here because it offers a wealth of services and will yield decent profits. If you decide to rent out the home you purchase, you may also anticipate receiving good rent in such a location.Well-Designed Living SpaceExcellent space design is a key component. A well-designed home will ensure optimum ventilation and, as a result, a healthy life for its occupants. You must ensure that your home complies with Vastu if you practise it. Your stay in your dream home will be enjoyable and stress-free if it is roomy and well-designed.Facilities and AmenitiesEnsure that a gated villa or apartment you are considering purchasing offers the essential utilities. There must include a gym, pool, kids' play area, security, and CCTV cameras. Having these things nearby is a bonus considering the hectic lives that the majority of us lead today.Common Area PercentageA skilled builder would plan their building so that the space set aside for hallways, tunnels, etc. is effective and not wasted. This implies that you get the most out of your home and hence, value for your money. Study the area options the builder has to offer and decide which is best for you.Maintenance and other chargesThere are frequently hidden fees that have astronomical prices. The maintenance and other costs for luxury residences might occasionally, even frequently, be very exorbitant. Before you decide on a property, make sure to carefully review everything.The BrandPick a name that is well-known in the real estate sector. This demonstrates the builder's excellent reputation and wealth of business experience, making them a popular option for Thrissur home builders.These are some of the things you should consider when purchasing an apartment in Thrissur in order to get a building that is constructed with high-quality materials, has sound planning, and will make living there a relaxing and joyful experience.Living in Thrissur's ready-to-move-in apartments is like being a part of a big family, everyone with their own private area. Visit Varma Homes to find a comfortable apartment in Thrissur equipped with all the latest conveniences.Read More
Urbanisation has ensured individuals from small villages and towns to find an abode in big cities. A good number of people in both upper and middle class from smaller towns are used to living in homes that have a lawn, a balcony, a compound filled with greenery etc. They want a similar touch to their homes when they migrate to cities for pursuing their careers. They also preferred to have their apartments or flats with high-end amenities to get the style and comfort of their modern life. Hence the demand for residential real estate in India has been progressing rapidly. The development caused a rise in the use of available lands for home building. So there is a huge demand for residential complexes but the space shortage is a constraint. Hence builders are now focusing on the best utilization of space and generating homes that packed with various amenities within the premises. For most buyers, location is the most significant amenity of any property. Beyond location, variables like the number of bedrooms or bathrooms, construction style, and floor space can determine whether a buyer looks further into a property. Amenities play an important role in the real estate market offering the quality of living, enjoyment and pleasure of the tenants. It also plays a crucial role in choosing a property. Hectic work schedules of people and the escalating stress levels, congested traffic conditions and increasing pollution levels, all these make for very stress-filled life. So house owners look forward to staying in an environment that calms their minds and reduces the stress levels. That is the properties with open spaces and essential amenities to get the ideal housing solutions. Yes, of course, city life can be a lonely life, with many relatives and friends living far off and traveling is a big problem. Hence amenities like multipurpose halls and parks make for excellent spaces to meet new people and socialize within the community. Amenities also solve the difficulty of engaging in diverse demographics. While children can use the play areas, seniors can take a walk in the park to breathe some fresh air. Youths and professionals have gymnasiums and swimming pools to put good use to their time. Therefore, there is something for everyone in a property that has amenities and open spaces.In short, we can say that amenities are the secret ingredient that makes people fall in love with their home. So most of the people are in search for better apartments or flats with all amenities to give them the essence of a happy, balanced lifestyle in their busy schedule. Varma Homes- The Best Homebuilders with the Best in Amenities Everyone must get opportunities for cultural, sport, community, leisure, and other activities. So that we are offering our clients just the right chance to enjoying their life amid a busy life through our exceptional amenities. Besides, amenities, we know that people need open spaces to catch up and do things that they like. Being the top builders in Kerala, Varma Homes is the first choice for housing projects. So if you looking for a super luxury apartment with exceptional amenities in the heart of Trivandrum, the state capital, then there awaits you Dr. Pai’s Heritage. It is a unique super luxury apartment project comprising of 2 and 3 BHK luxury apartments with all advantages of autonomous home. Get to know the High-End Apartment Amenities @ Dr. Pai’s Heritage Rooftop Swimming Pool Fully Automatic Lifts Clubhouse & Health Club Water Filter Solar Energy Utilization in Selected Areas Children's Play Area Roof Top Party Area Surveillance Camera Terrace Garden & Rose Garden Fire Fighting System Recreation space Provision for 24 hrs Power & Water Supply Facility Intercom Facility and Video Door Phone Sewage Treatment Plant Open Auditorium & Home Theatre Caretaker Room & Driver’s Room With its sheer magnificence and the high-end amenities, Varma’s Dr. Pai’s Heritage is grabbing the attention of many residents. Find the right luxurious apartments from Varma Dr. Pai's Heritage as we strive to make sure that you and your family experience a comfy and excellent lifestyle. Step in to the world of luxury and worth investment.Read More
The populaces from outskirts are getting well employed and shifting to metropolis due to faster infrastructural development and greater career opportunities. With higher availability of jobs and better educational possibilities, the greater Cochin is immensely growing at an incredible pace due to huge investments of IT sectors in its locations. In case of Trivandrum and Thrissur, they are also the larger IT hubs creating enormous career opportunities. The basic reason for this growth is the heavy inflow of NRI funds from people settled abroad. The IT sector is booming at a lightning speed and thereby generating many more job opportunities in these cities. In case of Kochi and Trivandrum, with such a massive growth happening since a couple of decades and with many more job openings; most families have one or more persons as bread-winners. And their surplus income is used to invest into flats in Kochi and Trivandrum. If you are making a wise decision to buy a property in one of the prime locations from the best builders in Cochin then you are almost guaranteed with the asset value appreciation in the future. You can either live in your own flat or you can enjoy the lease/rental income accrued out of it. And with the rent and lease options, you are also assured with a very high rate of monthly returns from the higher income groups who are in search of such properties available on rental or leasing basis. Varma Maalika and Varma Regent from Varma Homes are the ready to move flats in Cochin conveniently positioned in the most happening residential locations of Kochi city. Varma Dr. Pai's Heritage the super luxury apartment project of Varma Homes is the ongoing Flats in Trivandrum located at the heart of the city. Varma Spectrum, the upcoming Apartments in Thrissur is one of the prestigious projects of Varma Homes. If you are someone looking for real estate investment in the major residential locations of Kerala, then do consider Varma Homes, the reputed builders in Kochi offering: Apartments in Kochi Apartments in Trivandrum Apartments in ThrissurRead More
Your dream to own a home in Kochi can soon be a reality! Do you feel surprised? Well all our dream spaces that are beautifully created have always made surprises to our global clients giving them much more than they expected. That’s Varma Homes, the best builders in Kochi. Kochi is the fastest growing metro of the country and owning a living space in Kochi is a matter of pride. On the other hand it’s going to be extremely difficult in future as the city is getting populous day by day. An increasing demand for dwelling spaces is slowly picking up in Kochi. Get the best apartments in Kochi, plan this at one of the best residential location. Our projects in Kochi are focused in a way that it goes with the way the city is developing. We always choose the best residential destinations and all the place where we have prestigious projects are best suited for peaceful homes. In this busy Kochi, we are presently having almost five luxury and compact apartments all in well-connected locations like Tripunithura, Edappally. If you have noticed we have the maximum projects in an around Tripunithura, Four beautiful projects are awaiting you in this Royal Town of Kochi. A lot need to be thought before we align continuous projects in the same place and with Varma Homes we do not have such confusions. Every project that we work bring goodwill to us as there is no compromise in quality. We are extremely transparent and we can ideally say that it’s you who decide how your apartments need to be. Well do you feel it funny? All our apartments, except from the basic structure is planned and worked according to specifications of our beloved clients. This done like that because it’s basically you who is living there. Varma Homes, the most trusted builder in Kerala, the builder with a Royal lineage is proud to have these classic luxury apartments in Tripunithura. We present you Varma's Maalika, Kottaram, Padippura and the second phase of Maalika is already in the stage of construction. All these projects are dream projects beautifully curated from the master craftsmen of Varma. Our architects and well experienced staff is all committed to make Varma a true value for your invested money. All our projects come under the PMAY (Pradhan Mantri Awas Yojana) scheme were you get discounts in price and we provide you the benefit of GST as well. So to know more about Varma's dream projects, contact us soon and avail the early bird surprises that awaits you! Apartments in Kochi | Apartments in Thrissur | Apartments in TrivandrumRead More
Buying a new home in Kerala might seem like an easy task, but it is not. The concern of women's safety in the state has arisen after a series of incidents have taken place. In particular, those who intend to live with their children, wives, or aged parents have a hard time finding a good place to live. Take a look at these useful tips to consider before buying a home in Kerala without having to worry about safety concerns. The Right LocationWhen it comes to purchasing a home, location is very important. Individuals are now looking for protected zones rather than relocating to an area with future possibilities for reward. It's possible that crime rates were greater in some locations. As a result, it is preferable to conduct extensive research about the location before making a buy. Factors such as robbery history, chain snatching instances, and enough street lighting, among others, can be taken into account. The most helpful areas are those that include commercial and residential properties. The majority of the time, houses near malls, training institutes, workplaces, and stores are packed, with a high level of security. As a result, most people prefer to live in such bustling areas where safety is always a top priority.Prefer to Live In GroupsLiving in any type of group housing, whether it's an apartment or a villa, can help you give your family enough security. To ensure that their tenants are safe at all times, a smart builder employs active and watchful ground employees as well as cleverly placed CCTV cameras. They restrict salespeople and other outsiders from entering the residential blocks, making these residences the greatest choice for families looking for a safe place to live.Search for a Friendly NeighborhoodThe neighborhood is one of the major factors for women's security as well as social harmony. If neighbors can connect with each other or if they communicate well, then it will be easier for them to report any kind of suspicious activity in the area. A friendly neighborhood also helps if an elderly mother or a person who lives alone has been in an accident about which no one is aware. As a result, single women living in houses need a good, friendly neighborhood.Opt for Gated CommunitiesIn terms of security, gated communities have gained a lot of traction in recent years. These types of property projects provide tenants with 24-hour security and all of the necessary amenities. Security cameras, station houses, police headquarters, and dog teams are all available in the region. Gated communities are popular among single-woman buyers.Technology-Friendly Smart HomesIn today's world, having a technologically advanced home is a must. Of course, we're not talking about whether your home is Wi-Fi ready! CCTV cameras, burglar alarms, fingerprint sensors, & other modern security systems are essential for keeping your family members secure, especially children & women. Homeowners should choose between homes with standard features such as electronic smoke detectors and fire extinguishers and residences that can be customized. Maintaining Security at the Entrance & Exit PointsIf you need more security, secure every exit and entry point of your home or apartment. Installing a grill on your balcony is a smart way to ensure that your family is always safe. Don't forget to secure your home's glass doors and large windows if they're broken. In certain cases, thicker, non-breakable glass and a sound-latching mechanism might be conceivable.So keep these factors in mind when seeing a home, or better yet, make a checklist and cross them off one by one. It's the safest and surest way to end up with a home that not only matches you but will also be attractive in the future. If you are looking for the best real estate builder in Kerala, go with Varma Homes. Safety is not only for your home, but for your family too. At Varma homes, we understand that safety is one of the most important aspects of our clients’ lives, especially for women and children. As such, Varma homes have added top-of-the-line safety features. We put the most up-to-date safety features in our apartments. Such as emergency alarms, exits, earthquake-resistant materials, fire hoses, extinguishers, basement flood pumps, security guards, and CCTV surveillance. Our main focus is on customer happiness, we just don’t sell a house; instead, we provide an ongoing commitment to our valued customers, a commitment that lasts a lifetime. You don't have to be concerned about transparency or security because Varma Homes is completely trustworthy & all of our apartment projects are in Kerala's safest and most desirable areas. Visit one of our project locations to see for yourself how secure they are. We believe in providing experiences that are well worth your money.Read More