Property Tips - Kailash Buildcon Pachpadra

How to increase the value of your home

When it comes to investing in a house, a lot of factors come into play to determine the price. Depending upon the size of the house, the locality, the infrastructure, and the amenities will bump up the price of the house.

Time is an important factor that can hamper or boost your investment price. But apart from these, many more things can raise your home’s cost to increase the value.

Outlook of a home: Cosmetic changes can significantly transform the way your home looks. What is appealing to the eyes is for sure appealing to the buyers in the current market. To change the outlook of your home, you can work your way with the interior design of the house. Matching themes for the furniture and the walls can be a great option as it gives a symmetrical look to your home.

Paint: A good paint scheme can completely change the look of your home. There are many options like wallpaper wrapping, texture painting, and design painting that are popular right now.
Furniture: A well-furnished home is always more appealing compared to an empty house. With a little investment, you can get substantial returns on your investment as well-furnished households have a lot of value in the market.
Structural advancements: With the space you have, you can make it more organized and efficient like creating cabinets for storage, designing the bathroom, organizing the balcony space, and whatnot. These cosmetic changes can increase the value of your home.

Structural perfection: Nobody likes to see a leaking bathroom, or a seeping wall or ceiling when they are looking to buy a house. Structural rigidity is an important aspect of buying a home thus it is always recommended to look after any leaks and seepages to keep your home clean and dry. This can hamper the value of your home significantly.

Kitchen and Bathroom: Believe it or not, the kitchen and bathrooms are the rooms that make the most impression for homebuyers today. A well-organized kitchen and a comfortable bathroom are something that pleases the eyes the most for the homebuyers.

If you’re looking to add more value to your home, you can also make it more advanced and in sync with the current technology. Installing security systems, modern amenities, and design-induced interiors can boost your property value a lot.

People look for luxury in their homes these days. Giving your home a contemporary feel can also work to raise that value furthermore.
Hope this article will help you out in raising that value and getting the maximum returns on your investments.

in Property Tips Posted by Kailash Buildcon

Manage your Finances to Buy Home in within 3 Years

A home is one of the biggest investments one can make in their life. It is an investment that has a legacy that can be carried down through the ages. Or it can be an investment that quickly multiplies the money that you have used to purchase the home.

For whichever of these reasons that you choose to take a home loan, there’s no denying the fact that buying a home is a big-ticket investment. It’s one that you should save up for years, however, it’s not always difficult to repay a home loan. When you make a decision, it comes with some amazing home loan benefits, want to know more? Keep reading.

Home loan Interest Rates
Calculating the home loan interest rates that you are going to face is not as difficult as it used to be, as now home loan calculators are easily available online. Interest can be high if you choose to pay a low EMI or extend the tenure of the loan.

Calculate the EMI so that you can have a low loan tenure.
Home loan interest rates can adversely affect the cost of a home, so choose wisely.
Make frequent part payments to reduce the tenure of a loan.
Pay a large down payment to reduce the loan amount.

Investing the EMI
Banking and financial institutions offer a number of services that can allow you to grow the EMI of your home loan. For example, if taking a home loan of 1 crore rupees – save 15,000 rupees a month aside from the EMI and invest it in a SIP. In just 5 years, this amount will grow to Rs. 11 Lakh, which will reduce the loan tenure by 18 month – hence helping you save on the interest too.

Invest money in SIPs and Fixed deposits with the goal of growing the EMI amount.
Use FDs to make part payments or to gain interest on the EMI amount.
Making a large down payment reduces the loan burden, so start saving early.

Availing Tax benefits
There is a lot of tax benefits that are associated with a home loan. This money can be reinvested in the EMI to shorten the loan period. Let’s take a look at a few ways you can save taxes on a home loan.

Tax deduction on Interest : The EMI of a home loan can be claimed as a deduction. You can save a maximum of 2 Lakhs on deductions.
Tax deduction on Principal: The EMI that you pay for the principal component can be claimed as a deduction up to Rs. 1.5 Lakh.

Deduction on Registration Charges and Stamp duty
Payment made towards registration charges and stamp duty can be claimed under Section 80C.

Home Loans below Rs. 35 Lakhs
Additional tax deductions can be claimed up to Rs. 50 Lakh
All this money saved on taxes can be redirected to EMIs or can be used in SIPs to further grow your wealth to quickly repay a home loan.

Getting a home in a good location is always recommended per prospects and hence, you need to choose wisely before getting into any hasty decision as you are going to invest a hefty portion of your income.

in Property Tips Posted by Kailash Buildcon