Buying a home is a very important factor in one’s individual life. Thus, buying the right home is also necessary for those who have a cheerful atmosphere and those who have better connectivity. Also, the home which is required to be purchased as a resale property & the one which has clear titles and is in a good state or the ones which is a new construction one for which all the necessary approvals are taken by the real estate developer then in that case the home loans are easily approved for the house. The loan applicant can take loans from any bank or an NBFC, whichever the individual finds suitable for taking loans. The home loans can be availed for a longer-term if the borrower is the younger ones. Thus to avail of loans for a longer period, the borrower must avail of loans at an early stage of life. The ideal lender should be the one who extends the loans at lower processing fees and also at lower interest rates. Also, the borrower should check for the reviews of the lender before applying for the loans. Choosing the right lender is very much necessary to avoid getting harassed or mislead at a later stage.
An ideal home is Vastu compliant and one which also has a cheerful atmosphere. Also, better connectivity for the commercial zone, school, college & office is essential. Also, it is better to have amenities inside the colony like the swimming pool, play area, garden. Etc. The view from the house should be at least better and free from the slum view. The houses with a better view like the garden facing, sea-facing, or the highway facing fetch better value than the ones with an inner view. Also, it is ideal for viewing a mountain or a river or a valley which makes it look beautiful from the window. There should be proper cross-ventilation being available inside the house. Having a pleasant atmosphere is necessary for the house at it helps the people staying inside the house happy and cheerful. Every new feature is added to the house, like the scenic view, posh interiors, remote sensors or the false ceiling, and attractive or decorative paint. Etc increases the value of the house. The home loans are approved for only the basic cost of a house, including the government taxes. However, for any extra cost incurred for the interior of the house, home loans are not approved. But the home buyer can either put the money from the past savings or can avail personal loans for the same.
Tips for finding the right home
- Proper architectural plan of the house
The architecture plan of the house should be proper. There should be proper provision for the sunlight to enter the house, and also cross ventilation is necessary inside the house. The house should have a cheerful atmosphere and be pleasant during the day, which makes the home ideal.
- Home loans approval for the loans
Home loans are approved for the property, which is in a good stage in the case of the resale ones and the ones which has clear property titles. In the case of the new construction ones, the real estate developer should have taken all the necessary approvals to construct a multi-story building to get the home loan approved. Thus the home loan approval is necessary for the house as, without the home loans, it is difficult for the buyer to purchase the homes.
- Connectivity to the house
The home should have proper connectivity to the educational institutes, office locations, and commercial zones. Also having better connectivity to public transport is ideal in case of larger cities. The connectivity of metro rail, bus transport adds value to the property. Also, proper connectivity of roads is necessary. Having basic facilities like clean potable drinking water supply and electric supply is necessary for the house without which it is difficult to stay inside the house.
- Proper car parking space
Also, the vehicle parking space in a common area or reserved parking is necessary while purchasing the house. As per Government regulations, it is necessary that the parking space be made available to every household in the new construction spaces. In a later stage, there should not be any problems being faced related to parking issues by the property owner.
There are many fancy dreams about the purchase of the ideal house. However, everything related to purchase depends upon the home’s budget, and the home loan is also approved for the same. Budget plays a very important factor in the approval of the house. But trying the best to buy the best possible better home is a necessity, and thus for that, the above points should be considered while purchasing the house.