Do Not Miss Out These 5 Things Before You Finalize Your Home Deal

Are you all set to buy your new home? You must have tried to answer this at every step of your search for a new home. Here are 5 things that you should never miss before you call it a deal.

Do not miss out these 5 things before you finalize your home deal

1. Don’t rush for discounts

Builders would surely want you to buy the property because, in the end, you are their clients. The advertisement campaigns would offer you great discount conditions so that you book them within a short time. Many of us in place of saving some money is likely to speed up the process which could make you take immature decisions and thus leaving you with a bitter end.

2. Affordability Check

Every property offers its unique features and luxuries to meet the modern housing concept. This affordability check should be done after every step and also before closing the final deal.

You should start with a reasonable amount to invest in real estate. It is advised that the buyer should first check the credit score before setting their financial plan. It is always good to clear the previous debts and get advice from bank professionals on down payment options, loan amount, tenure of the loan, interest rates, and final payouts.

3. Double-check the documents

If you are a first-time buyer, there would be plenty of documents that you would have to arrange and validate from respective authorities. Moreover, if you are going for a property on resale, then these efforts get double and one must not lose the patience to authenticate the documents. It is always recommended to hire a legal agent or best a lawyer who would help you to encode the property documents, deeds and certificates and give credence to them.

4. Do you have your checklist?

A checklist is a must in case of buying a new home. For instance, in the document checklist – you should gather your documentation like address proofs, your names on identity proofs, income tax returns beforehand and in case there are any changes in the documents that must be done at the earliest. However, it would be better to create your personalized list that best suits you and your needs.

5. Don’t overlook the value items

You should understand that the basic amenities are what we would use regularly while luxury factors are like added advantages for a better experience. Your needs are specific to you and your family, so make sure you keep the usefulness and practicality in your mind.

Proximity to the necessary items like public transportation, noise levels in the neighborhood, safety measures, and efficient utilities – gasoline pipes, drainage systems, electricity points. Keep in mind the ventilation, natural light, size of rooms, bathrooms, quality of material used in the kitchen and signs of termites, etc

Your dream home is one step away from you, but make sure that you are not pushing yourself to close the deal. After all, this is going to be the place where you would end up spending the next years of life.

Mohali is a lucrative investment option for top reputed builders due to its connectivity with other cities and accessibility for the area. It has the advantage of having International Airport and multinational companies. From independent houses to flats for sale in Mohali, the city has options for all segments.

Read More

Common Home Buying Myths To Be Avoided

Buying a home becomes a complicated process, especially with the number of myths floating around. Despite the fact that we rarely have any experience in the real estate market, we believe we know about the industry based on the experiences and opinions of our friends, family, and colleagues. With the ever-changing and dynamic real estate market, it is important that we bust the common misconceptions out there.

Common home buying myths to be avoided

Myth 1: Renting a home would save you money

“Why to buy when you can rent it” could be a viable option for a short term, but if you plan on renting for few years or more, buying a house is more beneficial. While you can always evaluate various buy vs. rent calculators available online, you may not have much of an option if you are living in an area with high rental demands. The renting vs. buying decision is based on price comparisons between property prices, monthly rent, home loan rate, appreciation rate, tenure of home loan, etc.

However, no matter what the calculator says, purchasing a house at an early stage could be the wiser decision. If you buy house in Chandigarh today, within a few years your EMIs could be less than the rent you would pay.

While a decade ago rented accommodation was preferred over buying, however, with the steep rental increases more and more of millennial generation prefers to invest early.

Myth 2: You should wait until the prices come down

Another common myth out there is to wait until the market takes a plunge. However, that may not always be the right approach. The prices may rise or fall but that would not make much of a difference if you have already found a home meeting all your must-haves.

Moreover, till the time you wait for the market to come down, you would be paying rent for months or years when you could have just started to pay off the loan and availed tax benefits, hence, not making a sizeable difference.

The right time to make a move should be based on your financial and personal situation.

Myth 3: Longer tenure of home loan will make your EMIs smaller

Most people believe that the longer tenure of home loan will lead to lesser EMIs and hence lessen the home loan burden. However, you would end up paying more if you opt for longer loan period instead of shorter one. You can minimize the additional cost of a loan by reducing the tenure of home loan. Thus, saving yourself from paying twice of principal amount and interest rate.

Another way of lowering the EMIs is paying more than 20% as down payment, which could also save the interest component.

These misconceptions turn into your internal fears then come between you and your home. It is important that you clear any such misconceptions and do your homework before you buy your dream home. Incorrect assumptions and beliefs can cause confusion and lead to decisions you may regret later. It is always recommended to opt for reputed real estate builders and we at Ambika Realcon ensure to make your home buying experience transparent and secured. New Chandigarh is the fastest growing suburbs. It has the diversified type of residential properties from independent houses, 2/3/4 bhk flats to penthouses. If you’re looking for a blend of modernity and comfort then go for flats for sale in Chandigarh and avail the benefit of quality living.

Read More

Emerging home buying trends of 2019

With the introduction of various government reforms in real estate last year, 2019 is all set to witness newer trends in this sector. From affordable housing to innovative homes, a blend of traditional real estate and technology is going to rule the market. With the government initiatives like ‘Housing for all’, 2019 shall accelerate the supply of housing market to meet the ever-growing demand.

As the demand for quality projects with cutting edge innovations will continue to grow in 2019, let us take a look at the contributing factors to this trend:

Emerging home buying trends of 2019

Increased transparency with RERA

The ‘Real Estate Regulation and Development Act (RERA)’ has helped to standardize the real estate sector to an extent that now the buyers feel more confident and clear about the overall home buying process. The act gives the right to the buyer to get a refund in case the builder fails to give possession of the property as per the terms of the agreement. (Refer chapter 6 – Real_Estate_Act)

The state-wise RERA authorities will safeguard the interest of home buyers by empowering them and also regulating the accountability of the builders. Thus, creating more trust and transparency in the traditional real estate sector.

Technology and home

The automated homes are taking the real estate market by storm. Impact of technology is no longer restricted to electronics and is increasingly influencing the residential segment. With the introduction of automated wireless security routers and cameras, fire-extinguishers, in-house gas pipelines, automated temperature control are few of the facilities that buyers look for as preinstalled.

From advancements in construction techniques to automatically controlled appliances and devices- all of them are becoming significantly important to most of the home buyers.

Sustainable housing

Real estate industry has been proactively working towards sustainable housing, in the wake of climate change. Builders are imbibing green practices as a core part of their business. True sustainability consists of various facts, from environment-friendly building material to lush green outdoors, reduction of carbon footprint is the aim.

As a result, an increasing number of buyers have started to opt for sustainable building designs that strive for a balance with the surrounding environment.

Modern life amenities

In the competitive real estate builders have been engaging in the race for providing smart and innovative amenities to buyers. Smart homes are the new selling point to attract buyers designed to suit the needs of the new millennial buyers. The demand for extravagant amenities is the trend that will not change anytime soon. From clubhouses, fitness centers, mini gardens, fancy rooftops, shopping complex, spas, co-working spaces – unique amenities are being offered by builders.

In nutshell, the housing market has witnessed a significant rise in demand in the first half of 2019 and shows upward movement for the coming times. Developers have upgraded their game and are in the process of introducing major innovations to provide added value to the buyers.

Considering the newer real estate trends listed above, the prices are sure to go up. So now is the perfect time to make a move.

Flats for sale in Mohali offers the best scenic view due to its advantage of lush green surrounding landscapes. The area is away from the crowded streets of the man city and provides serenity with peace. The projects in the area are eco-friendly and resonate with the locations prime factor.

 

Read More

Urban living is the new Luxury Living

Not only has our country grown in population but it has grown in the dimensions of its economics as well. With the incoming of the corporate sector, a large chunk of our population is employed in these giant multinational and indigenous corporate houses. This makes for a lot of people to be living in the cities where the offices of these corporates are situated. Now as a lot of people shifted to the bigger cities, the demand for high rise apartments is soaring high as it never had been. The bigger metros like Mumbai, Chennai, Bengaluru, Delhi already had high rise building culture but now even the new age cities like Chandigarh are witnessing a boom in the demand for high rise living.

What is it that makes living in these high rises so attractive? These apartments are the new epitome of luxury. Constructed at a place which lies on the outskirts yet is very close to the market and city, these buildings choose lush green surrounding for their residents.

Let us see what makes these buildings the new luxury home for the modern man.

Urban living is the new Luxury Living

Privacy is paramount:

People may choose to live together in these high rises as a society but they need their privacy as well. The uber-luxury housing these days provides separate entries and of course, the whole society is protected by 24/7 security.

Facilities unmatched:

Fitted with state of the art technology and with interiors that are not only spacious but are awe-inspiring, these apartments can be breathtakingly beautiful. The residents get an experience of luxury like none other. Almost all the societies are fit with inbuilt swimming pool, gymnasium, spa, and recreational areas.

Architecture:

The architecture is top-notch and is extraordinarily beautiful as well as utilitarian. This is the modern mantra for living in modern times where everything is inspired by aesthetics and utility and commingles both perfectly.

The surroundings :

These luxury apartments have a clear view of the city line and is located aptly close to the markets, medical facilities and transportation centers of the city. This adds to the benefit of the residents to access these facilities as quickly as possible.

Read More