[vc_row][vc_column width=”2/3″][vc_column_text]Covid-19 – The virus that is shaking the globe. People have found themselves in unusual circumstances. They have stepped towards the distressing and fearful situation. People have started wearing masks to protect themselves from Covid-19. This disease has affected people living unexpectedly and slowing down their revenue. Small and large organizations are affected due to the Covid-19 outbreak. Millions of people got affected either by being sick or lost their job. Paying rent and other expenses has become a nightmare. They started moving to their native places and ended up with huge regrets. People have finally realized the importance of real estate investment post lockdown.
The saddest part is covid-19 outbreak has led to a lockdown. During the complete lockdown, the global economy has fallen drastically. On the other hand, the stock market is touching the sky. People are worried!!! They’ve started searching for safe and secure places to invest their money.[/vc_column_text][vc_column_text]What could be a secure and safe option for investment? “Home Buying” is just the thing for you.
Covid-19 disaster has highlighted the requirement for the home. Investing in a home is the best choice for protecting themselves during tough times. You don’t need to worry about paying rent. Covid-19 has inducted a new sense of selling home. As the priorities of the people have changed eventually, they have finally realized the significance of living in their own homes. The demand for owning the home is rising due to the impact of Covid-19.
Keeping in mind, Real Estate doesn’t offer immediate results during the initial times. Trust me, you’ll realize Real Estate is the safest and fruitful investment option in the long run. Considering the present situation, Real Estate is a secure option for you. The demand for individual or residential homes is increasing day by day.
Following are the key factors driving the increase in home buying[/vc_column_text][vc_column_text]
[/vc_column_text][vc_column_text]Government Schemes and Policies
Buying a dream home is the biggest financial decision. If you’re a middle-class family, buying a dream home could be difficult for you. If you don’t have enough cash to buy a home, take a home loan. Many investors are taking a home loan and buying their dream home. One of the key benefits of a home loan is a “low-interest-rate”. When compared to other loans such as personal, gold, etc., a home loan has lower interest rates. Keep a note, the interest rate may vary from one government bank to another. It ranges from 8% – 12%. Spend time while choosing the home loan, select the great interest rate. Even a few hundred differences in your home loan interest rate can save you big money in the long run.
Government schemes such as home loans will provide 100% safety for your home. Yes, it’s true!!! As mentioned above, purchasing a dream home can be a lifetime expense. As an investor, you need to invest in a home that has no legal issues or concerns. Taking a home loan in a trusted or government scheme can be a boon. When you apply for a home loan, the lender will do background verification, review the property papers and ensure whether the property has any legal issues or not. Everything will be verified by the lender, you don’t need to worry about legal issues or other complications that are associated with your property.
Adoption of Latest Technology
Thanks to advanced technology!!! A few years ago, the investor needed to contact a local Real Estate person to search and close the deal. But now no need to run behind the Real Estate person. There are hundreds of Real Estate portals available online. Investors are taking advantage of Real Estate platforms, searching for their dream homes without hassles. The online portals provide complete information with images related to the property. An investor can have a look and decide whether to invest in the home or not. The customer support team will assist throughout the process. Few investors are demanding virtual tours before buying a home. Take the advantage of virtual tours to shortlist or sign the deal for your dream home.
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[/vc_column_text][vc_column_text]NRI Investment
Non-resident Indian’s (NRI) is playing a crucial role in the Real Estate industry. As the rupee value gets decreased, NRI’s are showing more and more interest in owning a home in India. They find home buying is a fruitful investment option due to the pandemic. They are purchasing the home when they’ve planned to come back once they leave or retire. Many NRI’s are planning to buy a home at prime locations such as Hyderabad. Investing in a residential home could be a rewarding asset after the pandemic outbreak.
Cost-Effective Option
Another reason to invest in a home is “Affordable Prices”. Yes, you’ve heard it right!!! The prices of the home have almost decreased by 2% to 9% around the key cities. Investors can buy their dream and beautiful homes at budget-friendly prices. Due to Covid-19, sellers are reducing the prices and encouraging investors to buy homes. Investors are thanking the Covid-19 outbreak; they can easily find attractive deals and better buying opportunities that are available in the prime locations.
More interestingly, with the Covid-19 outbreak, employees are continuing their work from their home. They’re forced to spend time at home. Among them, few people are planning to upgrade their home for better or looking for a new environment to work from home or spend time with their families.[/vc_column_text][vc_column_text]Wrapping Up
Bigger opportunities never knock on your door often. You need to play the game wisely to keep your life safe and secure. The outbreak of Covid-19 has established the necessity of owning a residential home. No more worries about uncertainties caused by the rental accommodations. People have finally realized the importance of home buying as a safe and fruitful investment option. This is the most reliable option that also provides a steady income without any risks. If you’re running out of cash, taking a home loan is a better choice for you. Government banks charge a fixed interest rate. Investors can take advantage of availing of the fixed interest rates. The lender will lock the fixed-option rate and you can avoid the stress of raising the interest rate levels.[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_column_text el_class=”post-contact-form”][fc id=’2′ align=’center’][/fc][/vc_column_text][/vc_column][/vc_row]