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Smart Tips to Minimize your Electricity Bill
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  • admin
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  • May 29, 2020

Smart Tips to Minimize your Electricity Bill

Are you worried about your next electricity bill? Factors like rising temperature and usage of smart appliances have led to an increase in energy consumption at our homes. However, you can reduce the energy consumption, increase the efficiency of your home and avoid letting the high electricity bill burn a hole in your pocket, all at once with the help of few smart tips:

Smart Tips to Minimize your Electricity Bill

Identify the energy drainers

One of the simple ways to cut down on energy costs is to use everything optimally and efficiently. Conduct an energy audit of your home to identify the energy drainers in the house. Being aware of the appliances that take most of the power in the house would help you to be mindful and consciously reduce energy usage without compromising the convenience. Moreover, you might find out the less energy consuming alternatives that could trim your electricity bill. Also, these audits could be part of your periodic check-up and cleaning of electrical appliances.

Shift to energy-efficient lights

Making a shift from regular lights and bulbs to energy-efficient lights like LEDs (light-emitting diode) could help you reduce your power consumption significantly. Also, switch off the lights when not in use and try to make the best use of the natural light. Consider investing in smart lighting systems with motion sensors, auto timers, and brightness adjusting features that ensure efficient usage of lights in the house.

Efficient usage of Air conditioners

If you have more than one air conditioner in the house than most likely they are the major contributors in spiking up your electricity bill. AC is the necessity in India owning to its hot climate and its usage cannot be avoided. However, you can increase its efficiency by scheduling yearly maintenance, setting the ideal temperature of 24 degrees and closing the doors and windows tightly at the time of use, and putting the AC on timer or sleep mode whenever possible. Cleaning the air filters of the AC regularly helps in reducing the load on air fans and hence, less power consumption.

Invest in Solar Energy

The best way to reduce your carbon footprints and your energy bill is to invest in Rooftop solar panels. Electricity cost is always fluctuating; however, installing rooftop solar panels is a one-time investment and goes a long way to save the cost of energy.

Switch off the Electronic devices when not in use

It is advisable to switch off all the electronic appliances and devices when not in use for effective utilization of energy especially your smart devices like desktop, tab, and laptop. Since the long hours of smart device usage lead to more power consumption, it would be beneficial to put the device like a laptop to sleep mode when taking a break and switch it off completely once done with the work. Pull out the plugs of your phone chargers, laptop chargers, and other battery chargers when not being used for saving power.

Invest in energy-efficient appliances

Always go for energy-efficient appliances that would help you reduce the power consumption substantially and trim your electricity bill. Let go of your old appliances since the efficiency of the appliance decreases after a decade and extracts more power as compared to advance technology appliances. Purchase energy star labeled appliances that guarantee a significant amount of energy-saving and reduction in electricity bills.

Be mindful and consciously aware of the power usage at your home, identify the easily applicable energy saver hacks, and cut down on your electricity bill like a pro.

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  • admin
  • Uncategorized
  • September 26, 2019

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.

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