A 3-step home upsizing plan

A 3-step home upsizing plan

The present pandemic has thrown up a few more new priorities into perspective. The health factor, social distancing, and work-from-home trend due to the contagion have propelled us to rethink about the environment we live in. Here are a few never-before questions the situation poses.

Is your home spacious enough to accommodate a home office?

Does it have enough rooms to use one for a home quarantine if required?

Is it within a self-contained township-like community that offers all the luxuries of living so you don’t need to step out?

If your present house, especially a rented one, does not answer all of these, it’s time to upgrade your home to one that offers all of the above and more.

Here’s a 3-step guide to help you upsize your home with some deft planning, especially when the going is good in the realty market in Namma Bengaluru with developers like HM Constructions having some irresistible offers on the best luxury homes in the city.

How big a home do you need?

Evaluate how big is really spacious for you. If you are presently living in a 2 BHK, have a growing family, and will be working from home for the longest time, you will undoubtedly convert your bedroom into a home office. But, is that wise if your spouse wants to turn in early and you are still working? Moreover, a bedroom is for rest and to catch up on that essential sleep not work. Also, what if you want your parents to move in with you because it’s safe for them under your care? So, upgrading to a 3 or 4 BHK is a prudent move so you can dedicate each room for each set of family and have a secluded home office, or probably, a quarantine room for safety. And if you are presently living in a studio apartment, remember it’s a great time to upsize to a 2 BHK.

Where to look

Once you’ve made up your mind about the exact size of your home you’d like to upgrade to, the next step is the location and credible developer to narrow down. With more homebuyers looking at moving away from congested clustered apartments to the great and green outskirts like Kanakapura Road and Sarjapur Road, and gated developments with large open spaces in the heart of the city in Fraser Town, leading developers like HM Constructions have established spacious luxury homes in these choice locations. You have a choice of sophisticated luxury ready abodes in HM Indigo https://hmconstructions.com/index.php/projects/details/hm-indigo on Kanakapura Road, global award-winning signature homes in 3 BHK and 5 BHK palatial specifications at HM Grandeur https://hmconstructions.com/index.php/projects/details/hm-grandeur , 3 and 4 BHK grand lifestyle luxury apartments in RT Nagar at HM Tropical Tree https://hmconstructions.com/index.php/projects/details/hm-tropical-tree , and HM Symphony at Kasavanahalli off Sarjapur Road with its choice of 2 and 3 BHK elegant luxurious apartments.

How to plan the finance

This is the most important part of your home upsizing plan. This means that your bigger home is also going to be costlier than your present one. There are several options to weigh in. For instance, if you are planning to first sell your present home and then purchase a bigger home, remember, the current reality market is a buyer’s one and not a seller’s market. Unless you have a ready buyer willing to pay the price you have quoted. If you plan to take a home loan it’s the best idea even if you are already repaying a loan for your present house. Because, in India, you can take any number of home loans. And the interest rates are at the lowest ever. The only criterion is your capacity to repay them. Banks and home finance companies (HFCs) will sanction a loan only if your credit score is strong. Meaning, you have the resources to pay back your home loan in the chosen tenure. You could also take a home loan against your present home. Also, if you think you can garner soft loans from family and friends as well as use your savings from your kitty, it’s another wise solution.

Upsizing your home to a healthier, spacious one is a prudent choice in these circumstances. With this ready reckoner and the number of beautiful ready homes from HM Constructions https://www.hmconstructions.com/ to take your pick from, it’ll be the wisest decision you’ve ever taken in the best interest of your loved ones.

So, stop worrying about your monthly rental and book an HM Home today.

Call us at 888 022 5555 for a home tour, today.