Tips on Buying a New Home
Yes, it might be true that the economy is undergoing a lot of stress and some people might think that it is not an ideal time for investing in markets, but experts working closely with the real estate suggest that today holds a great opportunity to beyond the obvious and invest in your personal dream. Your own home sweet home!
So at Investors Clinic, we are presenting some of the big reasons why it’s good to buy a new home today.
A good deal, is always a good deal
This is especially true if you have all the knowledge about the real estate markets and can negotiate well with the sellers. As a customer, you must remember that this is a buyer’s market. This is a great time to look at putting your investment into your own house.
And prices have come down a long way as well. More importantly, today’s modern infrastructure in big cities like Delhi, Mumbai, Bangalore is creating great atmosphere for peripheral development of suburbs in these cities and hence, home affordability is rising way ahead now.
Saving on taxes
As you go for your new home, you can get home loans and the interest that you pay is tax free and hence it can spur your tax related benefits and encourage you to have further savings from your monthly income.
Interestingly, the tax breaks are more valuable and give you more value, the more you earn, and the bigger your home loan is. So as a result, many people find that these tax breaks translate towards, owning a home costs them less, often a lot less, than actually living on a rented space. And of course on the long run, you completely own your space which becomes a huge positive for you and your family.
Your personal heaven
Yes, it is your own space, the one which is yours and yours only. You can have it the way you want it. You can have the kitchen and bathrooms you want. For instance, you can have the false ceiling that you always wanted, build an extension–zoning permitted–or paint everything bright red or blue.
Protection from Inflation
As experts believe, owning a house might stir up your personal economic situation but over the long-term housing has tended to beat inflation as far as India is concerned. And hence, owning a house can be a great to valuable insure your family against inflation, especially if you’re young and raising a family and thinking about the next 30 or 40 years.
We are sure that by following these tips, you will reach to achieve maximum and hugely gain on the way ahead in life.
