9 REASONS WHY YOU SHOULD BUY A HOUSE NOW

 

Most Indians are not in a need of much convincing to buy a home. Become a home-owner is the primary desire which is very deep into Indian Psychology. Buying a home is also a very basic idea of financial planning for most of the people. Then the question is not whether to buy a house, instead when to buy.

So here are Top 9 REASONS WHY YOU SHOULD BUY A HOUSE NOW!!!!!!

 

1.      It is very true that end-users should not try to 'time' the real estate market, but it is very much evident that property rates are at their lowest. There have been no changes in pricing on the ones purchased new from developers for over a year. Buying now is as equivalent to buy houses at the lowest possible price.

 

2.      There are plenty of options available in the market, even the ready-to-move properties. Moreover, prices of Ready to move properties are almost equal to under-construction homes in many areas. This has never happened before and since developers have restricted new supplies, it is very unlikely that this situation occurs again. Home buyers will never see such a tempting choice availability and with such low prices.

 

3.      Real Estate Developers and Real Estate Investment Consultants have removed all the possible barriers to attract buyers and investors. Amazingly worthwhile offers have been rolled out for the current time, many of which has actually results in an actual reduction in the cost of acquisition. The offers do have an expiry date - when the housing market will be enough boosted, the offers will be withdrawn.

 

4.      Do You know? House loan interest rates are at a 15-year low. Along with the property prices at the lowest point situation and additional discounts and offers by developers, there are some heavy real saving that can be secured on life's most cost-intensive investment.

 

5.      Initially considered a temporary phenomenon, the pandemic induced work from home culture has proven very beneficial for many companies who have discovered that employees can be as productive from home, even more - than in offices. While the cost of acquisition is so low, buying a home now allows buyers to secure larger homes into which home offices can be incorporated.

 

6.      The Property market is standing on the edge of its full-fledged revival. Once it jumps into its revival mode, the prices of properties will start to shoot high and price appreciation will begin in full seriousness. Earlier it was predicted that revival will be somewhere take around 18-24 months, but the pandemic has accelerated the process. Mr. Ranadip Bose of 510earth -  a real estate investment consultant in kolkata expects the market to turn the corner in 12-18 months.

 

7.      Thanks to the pandemic, there is a very favorable confluence of buyer favoring market circumstances. Such an amalgam of factors is unlikely to happen again. Given all the lessons learned by now and the fact that pandemics of such magnitude appear to have a 100-year cycle, buyers and investors must take advantage of the time.

8.      The pandemic has highlighted the deep cost of delaying the decision of home buying, and many aspiring homeowners now wish they had made a decision earlier. Our homes are our fortress the only environments over which we can exert any real control. Rental homes do not have that liberty. Now it has become necessary to revisit all expenses which gives unnecessary pressure on personal finances. Living in a rented house is a recurring financial loss without any returns on investment. Owning a home not only gives you an asset which will appreciate in value over time and simultaneously removes the recurring rental outgo. This is a timeless fact of life in India, which is why owning a home is such a comfort in the first place.

 

9.      The best home options are being sold out at a rapid pace. While there is no scarcity of overall inventory, active homebuyers are reducing the units with respect to quality projects by Grade A developers. The quantity of such options is limited. A longer wait of decision making reduces the chance of securing a home that has all the benefits including location, amenities, high-grade construction and, in the case of under-construction projects, early possession flats.

Thus, right time is to buy a house now that gives you a sense of security as well as financial stability with ton of savings on the purchase of your dream home.

If you seek any advice on to buy a flat in Kolkata, feel free to comment below.