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Benefits of Owning a home over renting

The benefits of owning a home over renting offer buyers several tax advantages, the flexibility to grow equity, and after all an home to call your own. And, the present realty and mortgage market conditions have created the right opportunity to transition from writing a monthly rent check to investing in your own residence.

Check out these ten benefits of owning a home.

1. Rents increase always

The cost of rent has increased at a fast rate throughout the country. This trend is barely expected to continue. In fact, research from the Urban Institute shows rent in many markets has grown much faster than median incomes. The high cost of rent means paying a monthly mortgage is commonly adored or perhaps cheaper than renting a home.

2. Interest rates are historically low

The argument for getting rather than renting only gets stronger with the low-interest rates that are currently available. What could seem sort of a slight difference in your mortgage rate can make an enormous difference in your monthly payment. Interest rates are still competitively low. So, now’s an excellent time to get a home and interest of low rates. When comparing the advantages of owning vs. renting, you’ll find that a lot of of the present rental rates are more than a mortgage payment.

3. Down payments is as little as zero rupee

Sound too good to be true? it isn’t. There are loan programs and government assistance programs that may get qualified home buyers into a home with a zero down payment. Now, that doesn’t necessarily include closing costs, so keep that in mind. Programs vary by lender and borrowers must meet certain requirements.

4. Gain equity as property values still rise

Home values have risen and are expected to continue rising within the future, making homeownership a profitable long-term investment. Within the past year alone, home prices have risen 13.2%. Why does this matter? Because increasing property values mean that the cash you spend on your home will provide significant returns within the future. And, whenever you create a mortgage payment, a little of that payment pays your loan down every month, providing you with more equity within the home.

5. Herald extra income by renting an area

Being a home-owner means you have got a chance to earn extra income by renting out a space. As a home-owner, everything is totally up to you — what proportion you charge, how often you’ve got someone renting from you, etc. there is no landlord to ask permission from or roommate that needs convincing.

6. Tax deductions

Being a home-owner doesn’t must be just a long-term aspiration. Enjoy short-term savings via annual tax write-offs and mortgage interest payment deductions, together with other deductions reckoning on each individual’s situation. These deductions often amount to significant savings, and that they are after all not available to renters.

Choose Sitaara Real Estate, the best HMDA approved Villa plots in Hyderabad at the most affordable rates.

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10 Things To Consider Before Purchasing Flats And Independent Houses In Hyderabad

Owning a house is a dream for several average Indians. They invest their hard earned money into this brick and mortar structure, called the house. They fill it with their dreams, articles that reflect their choice and make it a home of their dreams. However, there are several aspects that one must consider before buying your dream home. Here is a 10-point checklist that may be handy for you before making your purchase decision.

1. Budget
Purchase a property that you just can afford, don’t overshoot. Just in case of flats or apartments, bear in mind of the hidden or additional charges.

2. Location
See if the situation is convenient to any or all the members of the family. Explore the drawbacks and positives of staying within the shortlisted locality.

3. Lifestyle
While considering localities, check if it suits your lifestyle. Are you an individual who prefers to remain near work? If you’re a sports enthusiast, are there any sports clubs nearby?

4. Connectivity & transport
How well is that the locality connected to other important city areas? Is there a decent transport facility?

5. Clear deed
Always do a legal due diligence before purchasing a property. Make sure the property titles are freed from any hassles for which there’ll be no complications going forward. It is better to undergo the builder-buyer agreement very carefully.

6. Basic infrastructure
How good is the availability of water? Is there Cauvery water connection? If yes, what’s the frequency of the water supply? Are there any frequent power cuts within the locality? What
about the air quality?

7. Social infrastructure
Before buying a property, check the nearby educational institutions, hospitals and shopping centers. It is better to concentrate to details like how far are the closest station house, supermarkets, parks and playgrounds.

8. Construction quality
Don’t go just by the planning of the structure. Get its quality analyzed by a structural engineer.

9. Resale value
Buy sizes that are always in demand. Also consider the brand you’re selecting. This can facilitate your get for a decent resale value later. Conclusion

While buying a house, one must thing about several aspects. Locality, basic and social infrastructure, quality of construction, title and resale value, everything matters. One must take enough time to verify of these aspects well, before making your purchase decision. Choose Sitaara Lifestyle homes, the best real estate dealers in Kothur and Moinabad.

Why is Location Important When Buying a House

The condition and price of any house will change. One can also change the dimensions of the house. One thing you can’t change is the location of the house. Hence an excellent location can change a whole neighbourhood overnight. The situation creates desirability, desirability creates demand, and demand raises the land prices. After you buy your property in a good location, you’ll pay little more, but buying one in a good location means you’ve got more profitable options down the road.

Whether you’re buying or building a home, location could be a crucial thing to contemplate. Of course, the value is nice, but the situation is far better. If the property is found in an exceedingly good area, your property is going to be more in demand, similarly the identical property located within the undeveloped area won’t have the identical appeal and cannot generate any demand in future.

The location of your home determines many things: quality of life, school choices, commute time, and social interaction. Whether or not you discover your dream home, never sacrifice on the location. If you’re thinking buying a land for your home, consider these few location factors:

– The proximity of Important Services

If you’ve got children, this likely tops your consideration list. Confirm that you just thoroughly look for schools that serve the neighbourhood you expect to urge the precise quality of education you would like for your children. The proximity of hospitals, shopping centres, schools, colleges and after all recreation centres from home is a very important factor.

– Neighbourhood

A lot of land agents will tell you to buy a land in an exceedingly safe neighbourhood and, understandably, it will be missing the core principles of realty investing. Simply because the neighbourhood is safe now, doesn’t mean it’ll be safe in 5-years. Alternatively, simply because the neighborhood isn’t safe straight away, doesn’t mean it’ll not be safe in 5-years. a secure neighborhood is nice, and even more important, although it’s important to ask the question ‘where will this neighborhood be in 5-years?

– Commute Times

Choose your neighbourhood wisely so you are not spending longer in traffic than actually enjoying your new home. After you begin your home search, concentrate on how far your intended neighbourhoods are from transportation (buses, commuter rail, subway, etc.), furthermore as major highways. Decide what quantity traffic you’re willing to cater to daily visiting and from work and whether the business of living within the neighbourhood of your dreams is well worth the extra traffic time.

– Lifestyle

Do you want to measure in a very historic urban neighborhood or are searching for a quiet, family-friendly suburb? The standard of life you desire depends on your lifestyle needs, and you wish to measure in a very place which will keep you and your family happy. Drive through the places you’re inquisitive about, walk around, and visit small businesses to induce a more robust understanding of the people living in those places.

– Availability of civic amenities

Do you want to measure near amenities like restaurants, shopping, and family attractions? Or are you trying to flee the hustle? Keep these items in mind as you’re engaged in your home search.

– Resale Value in Future

When you are puzzling over buying a house, it seems strange to think about selling off the road, but property value is a crucial factor for buyers who probably want to manoeuvre again in 5 or 10 years.

– Safety

Every person needs a roof over their head to guard them from all possible dangers. Thus, homes that don’t meet security requirements in any form are of little value to humans. Unfortunately, sometimes, we are forced to ignore security issues, to be ready to afford the property within the first place.

Concluding, location isn’t entirely subjective but ofcourse, it’s supported by a reasonably stable set of criteria. Choose Sitaara Lifestyle Homes, the best real estate property dealers in Hyderabad.

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Secret Tips to Check the Construction Quality of House

As a home-buyer, you surely have to bear in mind the effective ways to examine the development quality of a house that you simply are aiming to buy. With multiple properties available within the market, one may find it difficult to search out a house that meets high-quality standards. A majority of the home-buyers don’t seem to be alert about the ways to test the standard of construction of a house. If you’re buying an under-construction flat or apartment checking the development quality is of utmost importance. We advise you to go to the development site periodically and conduct an intensive inspection to get on the safe side. Good construction quality will make sure that a home is long-lasting and sturdy without the necessity for frequent repair and maintenance.

How To Check the development Quality Of Your Home

If you’re progressing to invest in a property or new home, we recommend you to follow this construction quality checklist :

1. Determine the soil type

The type of soil varies from one location to another. The primary step of a home quality inspection is to test the characteristics of the bottom soil on which the structure is constructed. The sort of soil could be a crucial aspect to contemplate because it determines the strength of the building. Some soils types won’t be able to support a highrise building. If the soil isn’t stable, the inspiration of the building will be affected or perhaps collapse. Builders will often add sand to the muse soil and to reinforce stability. Clay rich soil and black cotton don’t seem to be recommended as they need very low bearing capacity and high swelling & shrinkage characteristics. Sandy soil, Loamy soil, Chalky soil, etc. are good options for construction. It’s ideal to urge a soil test by the assistance of knowledgeable construction expert.

2. Check the structural design

The basic structural design of a building is another key aspect to contemplate while inspecting a house. The structure which incorporates wall, beams, columns and roof determines the soundness and strength of a building. Assess whether the building is built to resist earthquakes of a specific magnitude and other common environmental disasters. As a home-buyer, you’ll not be qualified enough to verify the structural quality of a building. So seeking assistance from a professional architect or construction engineer to judge the standard of the building structure is a must.

3. Inspect the wall thickness

The thickness or width of the house walls must match with the measurements given in your property’s legal documents. Visit the development site and inspect the walls physically with the assistance of a trusted architect. If the walls don’t seem to be thick and rigid, then this may create a hole or crack. If the wall develops any cracks easily or seems to be fragile then it means the builder has not complied with good quality standards.

4. Check the plastering quality

While inspecting a home, you need to check if there are any small cracks on wall plastering. This can be one among the aspects that sometimes all home buyers tend to overlook. Some houses may have cracks within the corners or lower portion of the walls which can be hidden under a coat of paint. This aspect is particularly important if you’re buying an aged property. The wall cracks is also a sign of poor quality plastering or maybe water leakage. Many builders try and deceive the buyers by using poor quality materials to construct a house or apartment. So as a buyer, you ought to not get duped by such offerings.

5.Quality check of fitting & fixtures

Home-buyers should listen to the minute details while inspecting the development quality of a home. Fittings and fixtures of a brand new home determine the extent of comfort of the residents. So while you’re at the house, go around and check if all switches and electric accessories used are of excellent quality and ensure smooth functioning. Also check if the kitchen and toilet fittings like taps, shower-heads, washbasin, drainage pipes, etc are in condition. You must inform the builder if you notice any quite water leakage or other damages. Another important factor that you just must check is that the proper placement of doors and window panes. All joints must be fixed and lubricated well to avoid creaking noises while opening.

6. Assess the standard of the concrete mix

The strength of the concrete mix utilized in a construction determines the load-bearing capacity of a structure. Nowadays ready-mix concrete with optimum concrete-sand ratio is out there in the market.

To know more contact our experts at Sitaara Lifestyle Homes.

real estate agents in kothur

Why NRI should Invest in Plots in India

Why NRI should Invest in Plots in India

Investing in land or any other form of real estate has eternally been a wide investment alternative in India. According to a report generated by Statista, the real estate sector had witnessed a 30 to 40 percent hike in the hunt for plots and domestic property in India compared to the numbers of the time when the country was going through the Covid epidemic.

The main reason behind this increased demand for investment in plots is because this is the kind of investment that originally requires a small quantum and also provides you with massive returns on your investment later in life if invested in the prime area at the right time.

Benefits of investing in plots in India

Real estate is the only sector in India that revived itself in no time while COVID was going back & forth. It’s further awaiting some great attractions in the time 2021 in terms of property purchase and investment . TThe union budget for the year 2021 further announced a tax exemption of Rs 1.5 lakhs under section 80-IBA of the Income Tax Act for all the people who wish to build a home on their self-owned plots. According to the property experts, Sitaara Homes,Hyderabad is regarded as perfect for investing in India’s plots. Still, before investing in plots here you must estimate all the essential factors that include the cost of the plot, the appreciation quantum of the plot value, position of the plot, along with duly assessing your income.

Higher Flexibility

Investing in plots in India can give you advanced inflexibility in terms of building your home. However, also investing in plots can be the most suitable option, If you don’t want your home to be ordinary and don’t wish to buy ready move-in houses. Investing in plots can give you the benefit of planning your home as per your requirements and specifications in a quested budget. In addition to this, it has now come extremely easy for you to make a new home on your plot as the government is giving a duty impunity to all those people who take a loan for building their home and farther granting them a deduction on loan interest as well under section 80EEA of the Income Tax Act.

Advanced Return on Investment

Another benefit of investing in plots in India is an advanced return on your investments. However, it’s sure to give you value uplift in no time, If you invest in a plot positioned in a prime location at the right time.

Lower Maintenance Cost

If you plan to invest in a house or an apartment, you will have to pay hefty amounts for its maintenance, which can become an additional financial burden. However, if you invest your money in purchasing a plot, you can curtail many maintenance expenses. Lower Rate of Investments

Another benefit of investing in plots is that you’ll always be needed to invest a lower quantum than investing in a domestic apartment or ready move-in houses.

To Conculde

While it’s the most economical time to invest your quantum in plots across India, especially in Hyderabad, Moinabad you must always insure that you buy plots from a dependable real estate agent. If you are looking for a leading real estate company that can assist you with plot investments, you must always rely on Sitaara Lifestyle Homes.

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Trends that homebuyers are seeking for in 2021

Real estate has remained one among the foremost preferred asset classes. A shift in consumer preference has been witnessed special ly during the pandemic including the work from home scenario. Home Buyers became more observant and started making informed decisions on their investments because the pandemic has stressed the importance of owning one’s house . The government’s effort towards affordable housing policies and reduced home equity credit interest rates make it an ideal window for homebuyers to take an advantage of. Homebuyers preference will now get on the lookout for townships on the periphery of larger cities, ready-to-move in (RTM) homes, provision of a school , co-working spaces, and amenities within the property. Here are the trends that homebuyers are seeking for in 2021 !

    1. Prefer RTM homes– The real estate and therefore the construction activities are coming back on target slowly and steadily, however, more investors will prefer homes over under-construction homes to eliminate the biggest risk of project delay.
    2. Avoiding crowded areas- Investing in properties in crowded areas won’t be the well-liked choice among prospective homebuyers
      anymore. The demand for townships on the periphery of urban hubs, offering a way better quality of life are going to be more prevalent. Developers are already offering facilities like grocery stores, laundry, gym, etc. within the complex, which is eliminating the necessity of creating frequent trips to the market.
    3. Study/office space- With work from home (WFH) taking the front seat,
      developers are incorporating a delegated study/ office space in their design plans. This room are going to be an addition to the prevailing 2bhk or 3bhk floor plans. The classroom will specialise in providing good lighting and an
      honest WiFi connection. Multi-use furniture also will leave efficient space allocation.
    4. Preference for eco-friendly properties– Better surroundings offer a better quality of life. With homebuyers that specialize in reducing water and energy
      consumption, the demand for green amenities is on the increase . Developers
      should incorporate solar panels, rainwater harvesting, waste management, etc. into their projects. With people spending majority of their time indoors, providing larger balcony spaces with more greenery would even be beneficial and this is able to in-turn help increase the green areas also .
    5. Co-working Spaces- To require an opportunity from the confined space within their 4 walls, homeowners would really like to figure from different places within the property. Co-Working spaces in areas like the clubhouse will provide homeowners a chance to take care of social distancing also as have an alternate location to figure from.
    6. Need for Automation- To put the homeowner’s mind at ease, automated doors and voice recognition elevators & lights are considered will eliminate the use of touch and will help maintain proper hygiene and sanitation
      standards throughout the property. The residential market is predicted to expand sizably and can still grow within the coming year.

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