In today’s times, owning a home of their own is the goal of many young and established individuals in society. Buying your own home is considered to be a landmark in one’s life journey. The latest trends in the Indian Real Estate sector suggest that very few out of a lot of youth take the leap of faith and buy a home in their early ages. The process that goes behind buying a home is a difficult one with quite complex situations to take care of. Even though it seems challenging, smart management of this process has its own benefits.
When compared to other things in life, a house or home is one of the most expensive investments in a person’s life. The ability to buy a home in the starting years of one’s career brings joy to the individuals. Hence, there is a need to invest in appreciating assets that set the financial goals of an individual accurately enough. It's said that Earlier the investment, the higher the opportunity to reinvest and multiply the returns. Well, first-time homebuyers and investors must keep this in mind before making new investments.
Invest in Real Estate! Why now?
Ideally for millennials, buying a home is an investment towards financial wellbeing and security for the future. Buying a home in the ’20s of one’s life has its own advantages. They are:
• Long-Term Investment:
Youngsters get the opportunity to invest now for the future because of it being a long-term capital asset that they can sell when the right time comes. It’s an investment that pays off in the future and more importantly it is reliable in times of need.
Take a look at the Best Affordable Housing Projects in Bangalore 2020
• Financial Responsibility:
Buying and owning a home brings a certain financial responsibility in one’s personality helping them realize the importance and value of wealth making. Investing right and building wealth gives a person the freedom to explore their options and spend their hard-earned wealth on something they desire. It has been seen that young individuals who buy their own homes become clear and effective in managing their finances.
• Tax Exemption:
The tax benefits that governments of countries offer to investors and buyers act as a positive motivation to invest in Real Estate. Bringing down the tax liability in a person’s financial portfolio is a top priority for most of the people. suggest that this situation shall only improve. With the Government slashing down the tax on some avenues in the Real estate sectors, the prospects of availing more and better tax benefits are only higher.
Factors for Planning of the Investment :
The financial planning for the budget of the property is even more important than analyzing the maximum loan eligibility. Experts in the Indian Real Estate sector advise first-time homebuyers especially, to firstly decide an affordable budget corresponding to your career growth prospects and pay scale. Then ensuring an abundance of savings which is roughly around the 20-25 % of the value of the property, even before the purchase of the property. The remaining cost of the property can be raised with a home loan. Apart from this, having sufficient savings for emergencies, other expenses, and investments.
While it is common that the banks finance only 85% of the value of the property, it is important for the first-time homebuyer is familiar with all the specifics of the home loan, especially the EMI.
• Home loan: A complete and clear understanding of the nuances of the home loan process is important. Consulting with more than three reputed financial institutions right from documentation to repayment terms to EMI’s is a must.
• Location: In the earlier stages of one’s career the need to commute workplaces at earlier and for longer hours make transport an important factor in deciding the location of your future home.
• Social Developments: Being accessible to schools, colleges, hospitals, retail stores, shopping malls, entertainment, and restaurants is crucial to the daily lifestyle of the owner. In the case of youngsters, recreation centres are important as they tend to spend more time on it.
• Clear titles and documentation: A young homebuyer might require additional guidance pertaining to the legal aspects of the property. There are many legalities to be considered, from RERA compliance to clear title deeds to statutory approvals and clear finances. These will help an expert understand and analyze the overall feasibility of a construction project.
We at Homes247.in encourage young first-time homebuyers in their efforts to make a healthy investment which can be a risky decision.
Having immense Financial responsibility, maximising savings and Building Capital Wealth is some of the key aspects that an excellent real estate owner possesses.
A homeowner who has the above-mentioned qualities can definitely make successful strides in real estate investments and ensure their knowledge keeps them safe from the risks of investments.
As per the latest news in the Indian Real Estate sector, the rewards for young and first-time homebuyers are going to get better.
Also, with ample time on their hands, youngsters have the time to set their financials right. What’s even better for youngsters is the eligibility for longer loan tenures, tax saving sops and a higher risk appetite which means better rewards.
Therefore, we persuade first time homebuyers and reluctant investors to go through our homebuyers, get in touch with our experts to invest in Indian Real estate and make your next best investment.
Read more about our other Trending Blogs.
Get the Latest News and Updates Of Indian Real Estate
Well, we are aware that real estate has never exactly been one of those binge-worthy blog categories. It has neither been the kind of topic you could not get enough of, nor is it half as juicy as celebrity gossip.
However, in India, real estate blogs are starting to get clicks and likes, and it has become one of the trending topics. People worldwide are beginning to realize how real estate as an industry affects the economy and how important it is to understand housing trends to enhance their lifestyle.!
The relevance of informative Indian blogs on real estate and finance are at an all-time high now. The youngsters are bidding big on investment options, and brackets such as realty have proved to be highly dependable compared to others.
The Millennials are flooding in to invest in apartments, plots, and villas, and the earliest members of the Gen-Zs' entering the workforce and looking forward to having their own homes. This has only fuelled the growth of digital real estate blogs to keep up with the tech-savvy generations.
Also, the real estate sector has been proving time and again, how reliable an investment choice it is. So, learning about the sector is the smart way to climb up the ranks, and where else can you learn so much except from real estate Blogs! Real estate is the second-largest contributor to the country's GDP; hence there is no doubt that it affects every one of us, whether we see a future in the Real Estate Industry or not. After all, we all live in our homes, and housing is a significant part of the industry.
We know exactly what you need to know and what you like. We know you want to feel engaged and entertained, and at the same time, hot housing news should be fed to you! We have turned the tables, grab a spoon, and start digging!
And Voilà! We present to you the most Interesting and Informative blogs!
As our name implies, we are not limited to realty alone, granted we do Specialize in it. We are all about Homes, and we are in love with Tech and Innovation! Naturally, our blogs cover a myriad of topics related to real estate and housing from Luxury, Lifestyle, Home Decor, Vastu, Real Estate News, Reviews, Tech & much more!
We make every one of our real estate blogs as interesting as it can get and attach with absolutely unique and accurate images, to provide you a better understanding. Not only do we cover a wide range of topics, but we also cover them at the right time. We update you on our socials such as Facebook, Instagram, Linkedin, Pinterest, and Twitter on every trending topic, so you are never miss anything and worry about being left behind!
However, we never go out of hand with our Indian real estate blogs that our beloved Readers have come to love over the years.
Everything in India is a state of constant flux; maybe that's why we Indians became one of the most adaptable and cosmopolitan people in the world!
If the nation's elements are shifting its focus, how can real estate be any different? Indian Real Estate Sector is perhaps one of the most dynamic ones in the entire world. Since the Real Estate in India is yet to be organized entirely, the variations in one segment affect another in ways difficult to comprehend.
The complexity and nuances can be understood only by reading about what is going on in the sector. Like we mentioned above, it affects every one of us. Hence it is essential to keep up to date.
With its ever-changing shifts and tides, it's virtually impossible to keep track of the sector's latest trends and sink our anchor deep. That's where we come in! We are just one google search away!
We also try to solve every home-related query through our Indian real estate blogs. And that's not all. We provide you insights on technologies that make the modern taste and rate of development possible, detailed analysis on real estate projects, insights on loans and taxes, advice on the home buying process, and articles on health and fitness. We provide you information about the trending topics in the Indian real estate industry.
We also host video podcasts named Expert's Voices, where we discuss with the leading players in the industry about market scenarios, offers, anything and everything related to real estate.
In addition, we host Real Estate News so you can stay updated on the sporadic events that happen around the country concerning Indian Real Estate. We also make short and easy to understand real estate video blogs.
We have got so many topics to read about that even if you have years of experience or are just curious and googling to get some ideas about Indian real estate blogs, you will find the best ones here.
At Homes247.in, we strive to provide you only the best real estate blogs. Our blogs are always entertaining; even the dullest subject we touch upon, we try to make it engaging. We make sure the best of the best is are the only standard we keep ourselves at when it comes to our service or our Indian real estate blogs.
Our team is made of a dynamic group of keen hands-on expert researchers who work tirelessly along with passionate and knowledgeable content writers to bring to your fingertips the world of real estate.
On every one of our real estate blogs, we research vigorously, write creatively, carefully compile, and thoughtfully curate the best real estate blogs, especially for you, from India's best content writers and contributors.