What newly weds need to look for while buying a house

It is quite common to see a newlywed buying a house since it is usually the first decision on the financial aspect that both partners will take together. Searching for a new home has a lot of aspects associated with it. The earning potential of the married couple, their financial  stability and situation along with their future family plans are crucial when deciding to buy a new home.

A systematic plan has to be laid before venturing out to look for a new home. Valuable advice and tips regarding buying a house will be available when you take some effort to contact the professionals of this field. There are some important considerations and salient features to be looked for in the process. So, take interest in going through the below factors before making the final decision. After all it’s a big decision for all of us!

* Setting an affordable budget for home buying is a factor that plays a crucial role. It depends on related factors such as home loan approval, savings, financial situation, debts, income tax and many other points. The price range that is ideal for both the members have to be considered and chosen. The availability of cash to do the down payment also matters when laying your budget for house purchase.

* The launch of a new home search has to be done after getting all your finances in the best possible order. The financial viability can be affected by various aspects such as credit report errors, income tax returns and so on. Discrepancies in all matters have to be erased before home search activities.

* Making the right choice of the house and location is of prime importance. Home interiors can be done based on your preferences but once a house is chosen to be bought, the location cannot be changed as and when we require. Think many times before selecting the house.

* Hire professionals to get the house inspected for aspects such as the integrity of the structure, security of the location, environment and surrounding, worthiness of the project and related factors.

Having all your priorities met as per your preferences, go ahead and buy your own home with lots of confidence and happiness. The joy of living in your own house can boost you to perform extremely well in many aspects of life. Get that dream house and start your new life in a brand new atmosphere.

A steady boost in housing demands - All appreciation to the latest RBI rate cut for home loans

How many of us were happy when the Reserve Bank of India (RBI) announced the rate cut on home loans? Although the rate cut was minimal, it brought about a new ray of hope to the troubled economy of our country. The real estate sector was given an opportunity to sigh a sense of relief and the common man was given a chance to reconsider the thought of buying a house. It is expected that a lot of leading banks will follow suit and cut down the interest rates for home loans.

Are you aspiring to own a house? If yes, then this is the right time to go ahead and purchase one. It is good news to people that many property consultants have seen the RBIs decision to cut key policy rates as a positive sign to encounter high demands in the real estate sector. The real estate space is on the verge of gaining back its comfort and stability in the industry. Sending out positive ideas and signals to investors worldwide, the rate cut is a policy measure that is going to play a crucial and pivotal role in the betterment of a lot of economical aspects.

Changes that can be predicted in the real estate sector

It is of course great news for each and every individual property buyer in India. The rate cuts provided for home loans by RBI is welcomed by most of the individuals in the real estate sector as well. With the relaxation of such key policy rates which has taken place after a long time span, there are certain changes and developments that can take place in the near future. Some of them are:

* The slowing Indian economy can expect to revive and see a bright future. The annual growth rate can also be expected to see slight stability.

* Home buyers have greater possibilities to get motivated and do their home purchase in the near future.

* Real estate developers and builders can hope to create a balance that was previously hindered by inflation seen in almost all industries.

* Other banks may be encouraged to reduce their own base rates which in turn can benefit a lot of home buyers and developers.

* Reduction of interest rates can automatically instill confidence to those in the real estate sector to perform better and help in the growth of the economy.

* Increase in investments proves to enhance and gradually improve the liquidity in many banking sectors in India.

* Home loan availability will become adequate in the market which can attract a lot of investors.

* A guaranteed boost for the sentiments of home buyers and creating opportunities for more real estate sector activities.

* Apart from being the sole reason for providing relief to individual home buyers, this move can help in the task of stopping the dramatic aspect of price escalation.

The last three to four quarters have seen a considerable lag with respect to home sales. The 25 basis points cut in the Repo rate by the RBI can alter this situation. Though the reduction of interest rates on home loans can differ from one bank to another, home buyers can look forward to see a positive reduction. Lots of excitement and cheer engulfs the lives of those who have dreamt to buy a home at affordable interest rates.

Pay 20% now, rest 3 years later

No matter what your housing loan requirement is, SARE Homes has a hassle-free scheme for you:

It’s every resident’s dream to buy a home in India. A new home gives the homeowner a sense of luxury, pride, and comfort. Nevertheless with the land rates creeping up at jet’s pace, it has become apparent that almost every aspiring homeowner purchases a home loan to get his or her desire fulfilled. And the idea of taking a home loan can be appealing for a range of reasons.

The triple benefits of investing in a new home 

Home loans are invaluable when your expenses exceed your annual income. When there is a narrow margin for savings, a planned home loan can be the best option to overcome deep financial crisis in the future. Primarily, investing in a new home gives homeowners three main benefits: capital appreciation, rental income, and tax benefits. While the capital appreciation and rental income are stable, the tax benefits can, to a great extent, help offset the financial burden of a housing loan.

Factors to keep in mind when purchasing a home loan
If the ascending real estate prices have brought your dreams to a pause, the housing loans can put them within your reach. But if you are already paying EMIs for your present home and want to purchase a new property, you may find yourself under double financial burden. In such a scenario, it’s very important that you take some wise decisions. 

Here are a few things you may want to keep in mind when purchasing a home loan:

Ø Loan Amount – Make sure that your monthly EMIs are within your monthly income
Ø Repayment tenure – A longer tenure increases your loan eligibility and helps pay your monthly installments quite comfortably
Ø Get insurance for your home loan – It can help repay your home loan in case of unforeseen events like death, accident or loss of job
Ø Know the hidden charges – It’s important that you ask your loan lender questions on the possible penalty charges, hidden charges and the processing charge before borrowing the loan


Attractive housing loan scheme from SARE Homes – Pay 20% now, rest 3 years later
As there are a multitude of financial institutions offering home loans at various interest rates, it’s important that you choose the one that offers the best package. SARE Homes housing loan is one scheme that has been preferred by many Indians. The realty company, in partnership with State Bank of India, offers affordable schemes under which consumers need to pay just 20% of the total cost to book their apartment at ‘Springview Heights’, Ghaziabad and don’t have to pay anything for the next 3 years.

People who wish to buy an apartment at the Springview Heights and whose loan is sanctioned by SBI are eligible for this attractive housing scheme. The scheme is such that, the home buyer has to pay 10% of the apartment’s total cost at the time of booking and pay 10% within the next 3 months. This means, if you buy a home in 2013, you don’t have to pay anything until 2016 (36 months from the time of booking). This simple payment mechanism makes it easy for home buyers to purchase their dream homes in a hassle-free manner. The quick processing fees, flexible tenures, and attractive interest rates are some of the reasons that make SARE home loans an obvious choice for savvy buyers. No matter you are self-employed or salaried or want housing loans at fixed or floating rates, the SARE Home loans are designed to suit your budget and convenience.