Some Tips to Buy a New Home

Buying a new home is not a simple thing, Some factors must be considered. Here are some tips that help you while buying a new construction home.

1.  Decide on the area which you want to buy your home and do your own inspection.

2.  Don’t believe new agent. There are many chances of cheating you. Always discuss with your own home broker or agent.

3.  Check your home, whether it is close to facilities like shops, transport, hospitals and schools etc.,

4.  Check that home is suitable for the price. First estimate the home value, then decide to buy a home.

5.  Check all facilities in new home like water, parking, children park and security etc.,

Must kept this point while planning to buy a new home. If you are looking for flats at korattur, Vin Homes can be help to you because they are one of the leading builders in that area.

Property Selling Tips

Property styling  should be attractive. Some small changes make a big impact on your property’s attractiveness and ultimately the selling price.

1.     Make an entrance very impressive with potted plants and Spruce up your front door with a coat of paint.

2.     Use neutral colors in your living space, use receding color like green and Ensure your carpets are cleaned. 

3.     Your bathroom must be spotless and tiles clean and add a luxury with plump towels.

Are you looking for flat with more facilities contact vin homes, they offering low budget flats for sale in Chennai.

5 important things to remember before purchasing a flat

Purchasing own flat is one of the biggest decision for everyone. It's a decision which need to take after analyzing the financial situation, also better planning is necessary otherwise the purchase results in huge debt and loss of asset. The 5 points which given below helps to plan a good flat purchase: 

1.    Financial position :

Financial strength is the guiding force which tends to buy a house. Please note that the monthly expenditure should be less than the amount which got by subtracting the home loan EMI from the monthly salary. It’s better to keep 6 month salary as predicament fund. Also its great to have some leftover after the monthly expenditure and monthly EMI. This leftover amount act as an investment option and this helps to manage if the interest rate rises abruptly.

2.    Return on Investment

Need to think about the return on investment, this will give an idea whether to deposit the money in bank or invest in flat purchase. First divide the cost of the house by annual rent. If the result is less that 15, flat purchase is better otherwise rent the house option works fine. Next need to do cost-benefit analysis, which includes various tax advantages, and other investment paths. Finally should do risk analysis since the prices of flats can be artificially made high over a long period in a highly populated country like India. Rental amounts only increase by 10% max per year but the flat price will double or triple within 3 to 5 years in city.

3.    Job/Income security

No one approve your loans without checking your employment records and your bank account transaction details. The housing loans are long term loans, commonly more than 20 years.  It’s better to have confidence about the income stability before purchasing the flat. Also, should be aware about the salary hike within next 5 years so that it will be easy to manage the EMI if the interest rate increases abruptly.

4.    Thrift

Thrift cycle prediction is not easy. Purchase at the time of thrift turning around gives a cushion for at least 5 years.  So, have a great look when stock markets turns rise since equities are one of the foremost measures of the economy. Better to avoid flat purchase if  not sure about economy.

5.    Disposability
Need to forecast the disposability option before flat purchase. It’s difficult to dispose a flat without good roads, transportation facilities, water availability etc also ensure the flat will not affect by any future regulations by the government. So make sure to purchase flats with good facilities and infrastructure.


Keep in mind these points before taking purchase decisions. It’s safe to purchase budget flats according  to the yearly income. Last year different budget flats  in Chennai and other metro cities were great success .
 

Low budget flats for sale in Chennai

As the name suggests these are low budget flats for the lower middle class people who really have a tight budget. These people don’t have enough money to purchase a modern flat and hence the builders have come up with such an option. Since these are low budget flats one cannot expect the amenities of a modern flat in here. But these flats are the right choice for the lower middle class who are looking to have a decent looking flat for themselves. 

Moreover, since these flats are built not far away from any of the basic requirements such as a bus stand/stop, railway station, hospitals and schools, owners can reach these places easily. And Vin Homes is a leading builder and promoter of flats in Chennai and they have low budget flats forsale in Chennai and those who are interested can approach them directly or contact them through their site.

Things to note while buying a flat in Choolaimedu, Chennai

When you choose to get hold of a house, a person would have to seem for several factors, which can be pointed out thereafter. Nevertheless one thing is always to make a decision, the necessity for which the home and property is usually to be purchased.

These are some of the factors which should be considered while buying flats at Choolaimedu

Area of the Plot

Accommodation

Preferred Location (park/road facing etc.)

Preferred floor

Preferred Locality Property ownership (lease/free hold)

Room sizes

Price range

Parking

Builder's/Govt. properties

Servant Quarter

Other requirements: Distance from the important places like Schools, College, Office, Bank, etc.

Here it is important to note that the home you owned has satisfied all the factors mentioned above. Anyone must skimp about number of dependant on limitations like value as well as spots. Recall, more this good things, more is the value.

If all the above factors are satisfied, then you start checking for the points given below.

Promoter of the flat

Agent has shown the flat to you

Clearance of Property title
Is there any problems in the property, better leave the property to own.

Consult with the other flat owners.

Specifications of Construction

These are the factors you must consider while buying a flat. If you neglect any point which is given in this list, you will be facing any problems. So be very careful while buying flats.