Home is the biggest and most valuable deal of every household. It involves several economic and emotional aspects while deciding on a house. It requires in-depth research, financial planning, commitment and a stable income source. In Indian society, homes come up with social conformity. Owning a home at a certain stage of life is vital to sustaining your stature and securing a valuable asset. New homebuyers are often confused between investing in a property or living on a rental basis. Homeownership consists of vast financial commitments, so homebuyers get stuck on these options. The monetary part of home ownership differs from person to person. Some people buy a home for status while others buy for safety and comfort. Specifically, millennials easily get grappled with the stress of home buying while fetching a home in a good location and considering their budget.
Considering the current trends in Indian real estate, it is always better to own a house rather renting for a long. Real estate hotspots like Panvel, Pune and Delhi NCR are some of the suited options for home ownership. Panvel is the booming realty market with its revolutionary growth. It keeps you away from congested street lanes but also keeps connected with major cities and commercial developments. Owning a home in such a coveted location assures you greater price appreciation. It becomes your incredible asset. A home primarily denotes freedom and emotional security. It prevents you from compromises and any uncertainties. This is the reason why homebuyers have become increasingly conscious about home ownership after the pandemic tenure. Once you have your own home, you can create or modify anything you want. You do not have to depend on anyone, like in cases of rental properties.
Monetarily, it has now become easier to finance home ownership. One does not have to wait until a certain age to accumulate funds for owning a home. Nowadays, numerous reputed banks and financial institutions provide you with flexible payment plans and easy loan options. Thus, finding a credible loan lender to guide you precisely in financing your home is crucial. Even developers provide easy payment plans with attractive offers to support first-time buyers. You have the liberty to choose the most suited option considering your income and other social factors. Monthly rent, though is more nominal than EMIs, it increases your cost with no savings. However, paying EMIs for homes increases your equity and provides you with a lucrative asset for a longer time. Most importantly, EMIs remain the same every year whereas rent changes every year depending on the leaseholder. Owning a home provides you stability as you do not have to shuffle from place to place. Further, if you wish to resale the property after years, a home at a prime location assures you an attractive return.
It is always helpful to do a long-term analysis while buying a home. Along with financial settlements, it is equally crucial to consider other life goals. Aspirations like a reputed educational institution for your kids, proper health care facilities nearby, groceries, commercial zones, transport facilities, etc. Thus, selecting the best-suited home in a prime location comes with all such facilities for your convenience. A real estate hotspot such as Panvel is a transit-oriented location. Homebuyers will be well-connected to all major cities by residing here. It is the centre point of Mumbai with numerous infrastructural projects developing rapidly. Projects like DB Patil International Airport, Mumbai Trans Harbour Link, International Corporate Park, etc. will not only augment the lifestyle of people living by increasing property values, but these projects will also take the city to the global charts. Owing to the social status in the society that comes with homeownership, it is always fruitful to own your rightful home to build a stronger asset.
