• admin
• Real Estate
• January 18, 2020

Advantages of Smart Home Technology

In an era where technology has taken over everything from phones to TV, the demand for smart homes is the preferred choice of today’s generation.  Real estate is promptly adapting to this new trend by incorporating innovative amenities in their projects to attract buyers. What if all the devices in your home could listen to you and take command from you? Home automation has come a long way and not just restricted to telling your electronic device to play a song or to connect your phone or laptop with internet- Home automation is more about controlling almost everything in your smart hub from lights, window shades, and cameras to appliances in a push of a button or on your voice command.

Hence smart home technologies have brought in a digital revolution and created a parallel world of ease, efficiency, and comfort.  Take a peek at the benefits of home automation and take a plunge into this new world:

Security

One of the major benefits of smart home technologies is the safety and security it brings along. Stylish home safety devices like high tech cameras, digital keys, electronic doorbell locks, wifi-enabled doorbells, and sensor-based alarms have helps you to secure your home and family. These interconnected creative devices are easy to use and have taken the safety quotient to another level.

Saving

Another advantage of using smart home devices is the optimal utilization of energy. Smart home technology’s major function is to optimally utilize the lights, water, and electricity in the house. The smart lighting system like LEDs bulbs comes with low power consumption and is sensor-based. Hence, they would automatically be switched off if you are not present in the room. Similarly, there are other devices to save water consumptions like smart toilets and to save electricity like a thermostat that could control the room temperature and eliminate wastage of energy by automatically switching off the AC. With intelligent home devices like these, it is much easier to save money and reduce your carbon impact.

Convenience

Besides the benefits like safety security and energy-saving, such technology brings in unmatched comfort and convenience. The ease of controlling all the devices with one touch and voice command gives user peace of mind and satisfaction of being in control of the house. You don’t have to worry about leaving the TV or Fan switched on as you could control it even when you are not at home with your smartphone. You can monitor your house and the appliances remotely along with customization as per your preference.

Developments in smart home technology are picking up pace with each passing year and packed with dynamic features like never seen before. Builders to cater to the competitive market are embracing this new trend with open arms and incorporating the innovative home technology as the default built-in features in their upcoming projects. With these kinds of creative technology devices, life is sure to become comfortable, convenient and fun. The advent of smart home technology has opened doors to a new world.

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• admin
• Real Estate
• January 7, 2020

How New Year Resolutions Can Help You Buy a New Home?

Are you planning to become a homeowner in the year 2020? New Year is all about new beginnings and what could be the better way of starting the year with the resolution to own a house. Owning a home can be a wonderful experience especially for the first time buyers. No matter how difficult the journey to buying a house seems to be, it is manageable by simply making these 4 New Year resolutions:

Build up your credit score

Your credits play an important role when it comes to investing in a property. Set a budget for your dream home and start working towards amplifying your financial capabilities. Without having a good credit score, securing a home loan could be challenging. Build up a positive credit history by ensuring timely payments of your bills, existing loans and rents. A low credit score can lead to less interest rate and a reduction in home loan lender options. And the minor variation in interest rates could be heavy on your pocket. You can also monitor your credit score via various financial websites. It would not only help you to keep track of your credit history but also keep you one step ahead when it comes to financial planning.

Job stability

Besides your credit score a stable employment history is another contributing factor in getting a decent home loan. Ensure a minimum of 2 years of job stability while applying for a home loan. Be honest about your job history and plan out the best possible loan available in the market. Avoid making major job changes if you plan to buy a house in the upcoming months.

Savings

Once you are sorted with your credit history and loan options, the next resolution you need to make is saving up for the deal. Decide on the down payment and the monthly EMIs you could afford. On the basis of the figure, make a plan of action for saving up the amount. Consider the time before making the final deal and set your monthly savings goal. Avoid making any big purchase in this period that could lead to financial destabilization and could impact your credit score in the upcoming months. Hold on your vacation plans and purchase of luxury items and focus on save buffer for the investment of your life.  As this is the era of money management apps, take help from the various apps available online to keep a tab on your expenses.

De-clutter your home space

As moving into a new home could be stressful, plan your way into the new house by beginning to de-clutter your home space in advance. Get rid of the items that are extra in your house. It will not only enable you to avoid the hassle of packing up old belongings but also ease out the pressure at the time of the final movement.

If you cannot wait to be a homeowner in the year 2020 then commit yourself to these new-year resolutions and make your home buying journey more enjoyable.

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• admin
• Real Estate
• December 25, 2019

3 Easy Steps of Home Decor – New Year 2020

The new year is around the corner and everyone is set for the celebrations. While we spend our time and money on deciding the perfect outfit for the party, your home needs the same attention. The new year brings with it new opportunities, new beginnings and full of surprises. It’s the perfect time to arrange a party at home and celebrate it with your family and friends. Festivals and celebrations like this are the perfect reasons to set the mood with home décor.

Even if you are not hosting a party this year, a celebration is not complete until we do not brighten up the atmosphere at home. The idea is to give your home a fresh start with an updated style. It can simply mean replacing the tube lights with LED lights, or buying a new painting for the dining room, or changing the colour of the walls and to the last is to make your home clutter-free. Let’s look at the options that can help to set the tone for the year 2020:

Organize the House

There have been times where we all struggle to find keys of our car or the jar of cookies in the kitchen or where our night sleepers are? The best gift you can give to yourself is to keep the stuff where it is supposed to be. Creative labels can be created and pasted on the corners of the house. Especially, in the kitchen, the sorting order of the jars could help you locate the items immediately. While a corner in the house could be labelled for footwear (in case you do not want to spend money on buying shoe-racks). One can create categories like electronics, stationery, daily-use products, and etc. Fridge magnetic notes are one of the creative ideas to remember the first-things-first daily checklist.

Curtains and Carpets

The complete makeover of a room could just be made more colourful by replacing the dull curtains with brighter ones. The combination of contrasting colours is in the trend these days. There are many designer curtains available in the market which one should surely check. Along with these, the dining room is the presentation layer of the house. Every guest would enjoy most of their time sitting on the sofa or having delicious home-cooked food on the dining table. By just replacing the carpet, one can add a luxurious feel to the room. In trend, these days are wall-hanging designer carpets as an innovative replacement to wall paintings.

Green Corner

In the new year, gift yourself and your family some fresh and pure air. Find a place in the house, which can be used as the Green Corner or a Green Wall. It is good if a place with natural light could be selected. But, not to worry there are several indoor plants (air purifiers) which can exist under artificial light as well. If you can extend your budget, then having a live vertical garden is the best way that utilizes the space and adds freshness into the home.

Let our house décor make some noise. We wish you a Happy New Year 2020.

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• admin
• Real Estate
• December 20, 2019

Tax Benefits All Homebuyers Should Know

Investing in property is one of the most important financial decisions. The value of owning a house has remained unchanged for decades. The prima facie fact that demand and value of the properties are ever growing, makes it one of the most preferred financial investments of all times. It is a great way to accumulate wealth and have increased cash flow. Investing in real estate has many advantages as the value of the property appreciates over the period of time, recurring cash flow by monthly rentals and most importantly tax benefits. Let us break it down for you:

Section 80C

Under section 80 C you can claim tax benefits on the amount paid as repayment of the principal amount of the home loan. The maximum tax benefit is Rs. 1.5 lakh allowed after the completion of the construction and receipt of the completion certificate.

Section 24

This section allows homebuyers to claim tax benefits on interest paid on home loans. The maximum tax benefit of Rs 2 lakh can be availed under Section 24 B for properties that are self-occupied or vacant.  However, if the property is not self-occupied and is rented out then the entire home loan interest is allowed to be claimed as the deduction. The deduction of 2 lakh is reduced to Rs. 30,000 if the construction is not completed within 5 years from the end of the financial year in which the home loan was availed. The deduction can only be claimed in the financial year in which the construction of the property is completed.

Section 80EE

For first time home buyers, section 80EE provides tax benefit of up to Rs 50,000 per financial year over and above the deduction of Rs 2lakh under Section 24 and Rs. 1.5 lakh under section 80C. This can be claimed every financial year until the home loan is fully repaid. The deduction could be availed only if the value of the property is less than Rs 50 lakh and the value of home loan is less than Rs 35 lakh. The benefit can be availed from 2016-2017 financial year onwards.

Capital Gains

Capital gains are the profits you receive from the sale of the property. Just like any other income, the amount received from selling of property is liable to be taxed. However, it comes with a few tax benefits. Short term capital gains are treated and taxed as ordinary income depending on the tax bracket you fall into. However, long term capital gains would depend on your income plus marital status. If you have earned from the sale of the residential house you can avail an exemption from taxation by depositing the amount of gain in the capital gain scheme account. You need to invest in a residential house within a span of 2 years of the receipt of the gain.

If the property purchased is sold within 5 years, the tax benefit availed for the principal amount of the home loan will be reversed and would be considered as your income. Deduction for interest amount is not reversed.

The above tax benefits are the game changers if utilized correctly and can make you a savvy investor. Mohali is the potential real estate destination with an impressive rate of development. The city has set the example of other areas in Punjab. 4 bhk flats in Mohali are one of the premium residential developments at affordable prices. They are equipped with modern amenities and luxurious features.