How to Plan your Perfect New Home

Owning a home is no longer just an aspiration; it’s a necessity and a valuable asset for life. If you have been pondering over how to purchase that perfect home you’ve set your heart on, it’s time you took your first step towards it. Yes, it is possible even during these times if you plan it right, one step at a time. We lead the way.

The plan

Sit down, relax, focus, and put your thoughts to paper.

• Think of all the locations you’d like to live in. You have options within the city as well as on the outskirts, so make a wise decision.
• Once you’ve narrowed down your choice, check out all the benefits of living in the area such as sound infrastructure, connectivity, accessibility to basic essentials, educational institutions, and of course healthcare during emergencies.
• Look for all the projects listed in your chosen location and research on the credibility of the builder or developer.
• Check out the floor map, specifications, amenities offered, discounts and special schemes, etc. Each developer has varied offers and bargains for each of their projects, so check out all.
• Narrow down your choice of the number of rooms in the apartment; as in, a studio, 1, 2, 3, 4 Bedroom-Hall-Kitchen (BHK), condominium, oevill
• Decide whether you want a ready-to-move-in home or one under construction with an early completion date. It depends on whether you want to wait it out or move in immediately.

The finance

This of course is the most important component of your home purchase plan. So, factor in each of these one at a time.

• Calculate your monthly expenses including credit card outgoings, savings and investments. This will give you a clear idea about your capacity for repayment of EMIs if you plan to take a housing loan.

• If it’s your first home and you plan to take a housing loan, you could opt for one under the Pradhan Mantri Awas Yojana (PMAY) https://pmaymis.gov.in/ where you are eligible for a subsidy of at least Rs 2 lakh if you meet the criteria.

• If you are single, employed and plan to take a loan, remember you are the only one who will service the loan (repay it). If you plan to get married during the repayment tenure, it’s a good idea to convert the loan into a joint one where you and your spouse could share the EMI payment.
• If you are married and plan to borrow a loan, it’s best to go in for a joint loan. A joint loan can be taken by around six persons so you could also consider roping in your parents.
• Remember to keep aside around 15-20 percent of the loan amount towards the down payment.
• Leading developers like HM Constructions https://www.hmconstructions.com/ have tie-ups with banks to offer you privileged schemes and some of the suitable loan options.
• Presently, banks have the lowest interest rates on housing loans for all categories, especially for luxury homes.

The perfect home

Now that you have narrowed down your options on that perfect home and the concrete plan to finance it, check if your future home has everything on earth to give you a lifetime of comfort and safe living. It should:

• Have the brand of a credible developer like HM Constructions.

• Have the best location .such as Kanakapura Road, Sarjapur Road, Frazer Town, RT Nagar, etc. Have the best of social infrastructure which includes international educational campuses, multi-specialty hospitals, five star hotels and restaurants, adventure sports and recreation, wellness and spiritual centers, superior road connectivity, and so on.
• Have the privilege of architectural and functional beauty nestling within a mini township or secured gated environs such as the elegant marvels from the HM Group. Take a tour of HM Indigo http://hmindigo.co.in/, HM Tropical Tree https://hmconstructions.com/index.php/projects/details/hm-tropical-tree, HM Grandeur https://hmconstructions.com/index.php/projects/details/hm-grandeur, HM Symphony, etc to take your pick.
• Have international standards in luxury amenities such as clubhouse with cafeteria, conference facilities for a work from home experience, outdoor sports arenas, jogging track, landscaped gardens, resident manager, concierge service, facility management department, doctor on call, smart parking and security systems, and the gamut of essential facilities within the residential campus.
• Give you the privileged homeowner the guarantee of sophisticated benefits such as exclusive club membership, customer referral programmes, etc.

You are armed with all the ammunition on how to work around your quest for a perfect home. It’s up to you to take that final step towards fulfilling your earnest wish – to own perfect home.

Call us on 8880225555 for a home visit today!