Family is the first priority. So giving comfort to our family is our responsibility. A good lifestyle is important for everyone. Nowadays, choosing an apartment like adobe is a very wise choice.
This is because apartment life is so much better. You can enjoy all the facilities, as well as the apartments, which are really secure.
Owning A Home Is Still A Dream?
For many tenants, owning a home is still a dream. Unaffordable real estate prices force them to stay in rented properties instead. However, several stages and trends have allowed tenants to transform into landlords.
Ideal Location and the Perfect Interiors
Unfortunately, not everyone who buys 2 or 3 BHK flats has the flexibility to choose their ideal location or the perfect interior, especially as demand continues to outstrip supply.
Benefits of Home Ownership
Don’t miss out on the benefits of homeownership that simply can’t be replaced by renting. Here is a compiled list of reasons why tenants should become homeowners.
Attractive Home-Loan Lending Rates
After the government’s demonetization campaign on November 8, several banks and housing finance companies cut mortgage rates. The government has declared an interest rate subsidy system for home loans.
Home Loan Scheme
Under this program, the interest subsidy of up to 4% would be allowed for loans up to Rs 9 lakh and up to 3% for loans up to Rs 12 lakh. This will help you buy 2 BHK flats in Jagatpura Jaipur, Vaishali Nagar, Ajmer Road, Tonk Road, Kalwar Road, and Sikar Road.
High Rental Yields
Money paid for rent is money you’ll never see again, but mortgage payments allow you to increase equity in your home. While buying a home is more expensive initially, it can actually be cheaper than long-term rental due to the high rental yield.
Best Investment is Buying Home
A good investment in real estate should generate high returns over a long period. The return on investment of residential properties through rental in India is considered to be good. We usually see people invested in properties worth a few thousand rupees decades ago and now these properties are being sold for Crore.
You Remain an Outsider
A tenant is never considered part of the community and you cannot contribute to the housing society since you cannot be part of its management committee, as a tenant of a house.
From a mental and emotional point of view, owning your own home brings a sense of pride. So, get ready to begin your journey to homeownership.
Know Your Goals with the Property
Each person can have different goals when buying real estate. Some people want to buy it for their own use; others see it as a great way to make money through resale. Make sure you think about these goals carefully before investing your hard-earned money.
Buying Your First Property in Jaipur
If you are buying your first property in Jaipur, don’t invest anywhere; instead, consider the long-term value of the property. And, if you are looking to buy a residential property in Jaipur purely as an investment decision, consider the possibility of earning passive income as it could help you pay off the loan.
Estimate Your Budget
Before you buy a property, make sure you know how much you can afford to pay for the house. If you don’t have enough savings, you can surely go for a loan.
But in the latter case, make sure that you are ready to pay the monthly EMI without any issues. You need to pre-plan your conversational budget accordingly.
Keep in mind that when you buy properties there are many other expenses that you have to incur besides the price of the property, such as stamp duty, taxes, and the cost utilities.
Choose a Good Location
When buying a house, apartment, or land, you should look for an ideal location. Although the entire city enjoys a peaceful and harmonious environment, not all areas are suitable for self-use. Remember that property in an excellent location will always remain profitable.
So, it is advisable to find a place that presents a peaceful atmosphere and matches your preferred lifestyle. When looking for a large property, you need to inspect the neighborhood. If possible, try to interact with some of the neighbors to find more information about the locality.
Also, find out if the company has friendly neighbors you can count on in an emergency. If You are planning to buy the home of your dream, then you should
Check the Social Infrastructure Facilities
When buying a property, try to know the different social infrastructures in the area. The house, apartment, or building must be well connected to public facilities, such as water, electricity, and sanitation.
Other than that, find out if there are any schools, colleges, workplaces, and hospitals near the location. Here we suggest you not fall prey to cheap plots outside Jaipur which do not include the basic amenities mentioned above.