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ADVANTAGES OF BUYING A PROPERTY ON HOME LOAN

An own home is a dream of any human. In any financial scenario, people desire for a safe and undisturbed place for serenity. This is why house properties in the real estate sector always preserve high demand despite any situation. Due to the high demand, buying or building an own house became hard work which is suitable for an affluent hand. But fortunately, the availability of home loans is keeping alive the dreams of millions to have their own home. Whether it is a bank or private sector loan is a helping hand for a man in need. Rather than money backup home loans have other benefits. That’s why this article explains the advantages of buying a property on home loans.

Villa Projects In Calicut, Villas in Calicut, Luxury Villas in Calicut

Villa Projects In Calicut, Villas in Calicut, Luxury Villas in Calicut

Why Home Loans

Some people plan to wait for a particular property by thinking the base value will decrease some day. After waiting for long they realize that the demand and price of that property are multiplied and time is wasted. This makes them compromise with smaller home and unhappiness. But a home loan can provide immediate money back up with some security and sufficient document. Since the price of the desired property is unlikely to go down home loan is the best choice to seize the moment.

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Know your Home Loans

Home loan is an amount of money or security provided by a bank or financial institution based on your ability to payback. Since you have to pay interest for the principal amount over depending on loans is not wise. The company lending you money takes your property as security. When a borrower fails to pay his dues they will take legal measures to recover the property. There are different kinds of loans available for homes. Those are;

  1. Home purchase loan: as the name suggests this loan is provided for buying a property
  2. Home improvement loan: this type covers the expenditure including repair, maintenance, and renovation of the home.
  3. Home construction loan: helpful when you are constructing a new home.
  4. Land loan: this is the initial type. Loans for land will benefit from tax relaxation in the future.
  5. Joint Home Loans: two or more people can take a home loan. This option avails exceptional tax deductions and shared loan repayment.
Villa Projects In Calicut, Villas in Calicut, Luxury Villas in Calicut

Villa Projects In Calicut, Villas in Calicut, Luxury Villas in Calicut

Steps for getting a home loan

After determining the specific need you can approach a bank or money lending organization with the necessary document of property. When you pay the processing fee they will start the valuation of the document. The sanction or approval process will take its time based on the location. An official will check the legality of the property directly. After the site estimation, the Company will proceed to final validation and signing the agreement. Earlier these steps were time-consuming but now it’s faster and smoother.

What are the advantages?

  • Tax benefit:

The different section of Income Tax of India Act straightly gives a number of tax deduction options for loan buyers. If one succeeds to complete his home then he can avail tax deduction based on procedures.

  • Transfer facility:

Some options allow you to change the home loan to another lender if they offer a loan at lower interest.

  • Monthly Installment:

Rather than spending a huge amount of money at a time monthly instalment make the burden small. You can connect the loan to your salary account which ensures due payment.

  • Long tenure:

Home loans stand unique because of its high repayment tenure. Most money lending institution allows time period up to twenty to thirty years based on your income security.

  • Assured resale value:

Considering the present inflation and interest rate the price of your property will definitely go high in the future. So buying a property as soon as possible makes sense.

  • Safe purchase:

Buying a property whether it is land or home increases the reliability. The experts will explain all the legal and technical angle of the property to you. That information can be used to validate the resale of property in the future.

 

  • No rent payment

When comparing to the soaring rent rate in cities paying small amounts for a home loan is relaxing. Money lenders won’t increase the interest rate as the landlords do.

 

Villa Projects In Calicut, Villas in Calicut, Luxury Villas in Calicut

Owning a Villa in the City of Calicut

The city of Calicut always attracts many hearts by its innocence and uniqueness. Life in this city is itself a story filled with vibrant and colorful memories. That is why owning a colourful Villa in the heart of Calicut is always a delight. This is the reason behind the steep growth of real estate sector in Calicut. As an emerging city, the demand for a plot in Calicut never goes down. But people become confused when they try to find the right property among numerous options. Some spent excess money on the property with fewer amenities. Some others compromise on limited options of unprofessional builders.

Prisunic builders always share its history of success with Calicut city. As a trusted builder Prisunic has accomplished many dreams of own space or property. Exclusive villas crafted with modern amenities are the hallmark of us. As an experienced establishment in the housing sector, we recommend some essentials for a villa in Calicut. Those are;

1)    Modern and contemporary infrastructure as per the money you paid

2)    Villas in the spot where you are not isolated from the advantages of city

3)    Villa which is maintained by a reliable builder

4)    Own a villa with exceptional services as a bonus

Above are some of the important things to keep in mind before buying a villa in Calicut. Gladly Prisunic builders have several landmarks and project in Calicut built on your demand and dreams. To maintain the relationship between the builder and customer Prisunic never compromised on the amenities and unique services. Let us check the different range of villas available in Calicut;

  • Palazzo

Palazzo is the exclusive combination of luxury and amenities. Prisunic builders have developed a villa project which is expanded over 1.57 kilometers of the total project area. Each division in this area consist specially built luxurious units of premium villas.

  • Villaments

This is an economical option. Because Villament is an excellent fusion of the luxurious Villa and economically affordable Apartment. By having a Villament in Calicut you are having a place for leisure and peace without a huge financial crisis.

  • Apartments

Busy like a bee? Then try apartments in Calicut. You can have satisfying amenities and service with compromising price. Choose portico or solitaire apartments from the project list of Prisunic builders.

Before proceeding to any buy in Calicut, confirm all the amenities and services are practically available. Since Prisunic builders believe in quality and reliability you will ever miss a chance to own a space in Calicut.

 

How to give your small home a spacious Appearance

Everyone loves their home regardless of the size and vanity it possesses. Home is the most satisfying haven we have. But it gives more satisfaction when it looks spacious. When you know how to utilize the space you got, even the small home becomes gratifying. Interior designing and decorative approach can make a small home look spacious and elegant. Let’s have a look at some ideas to make every home spacious.

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Villas near calicut,villas in calicut city, Villa builders in calicut, villas in calicut price

hardwood-floor

Walls and space

The wall of a home is the soul of the room. If your walls are modern then the house is modern. Any changes in the walls have a direct impact on the interior of the house. So when we need the feeling of space wall is the best option you can experiment with. By hanging a long picture or curtain in walls we can create the illusion of space. A window frame touching the floor and ceiling can also foster the feeling of space. Try mirrors in the walls which can create extra virtual space inside the rooms. Or make long inbuilt shelves which give the same virtual effect. When you need to separate the big room into multiple compartments uses curtains or thread walls instead of concrete walls.

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Villas near Calicut, villas in Calicut city, Villa builders in Calicut, villas in Calicut price

Ceilings

For most of the large house, the ceilings are the least concern element for the eyes. But when it comes to the aspect of space, ceilings play a vital role. Homes having less carpet area usually has ceiling close to the floor. This may give an impression of living in a cage. It is practically hard to redesign roofs once created. But you can use the lights to resolve this problem. Artificial lights pointed towards ceilings (uplighting) can overcome the congested feeling of the room. You can also try a glass window near to low ceilings. This helps to distract the guest’s critical eyes and the natural light will give your home spacey look. By painting ceilings with light colour than walls and using non-pendant light can contribute to the spacious look. If you are fond of hanging the light in rooms use it in the side portion of rooms instead of the centre point.

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Villas near calicut,villas in calicut city, Villa builders in calicut, villas in calicut price

The magic of colours

It is known that our brain calculates space according to the colour combinations around it. The easy way to make a room spacious is painting. Brighter colours always make the room visually larger than the dark paints. The combination of dark floor and white ceilings always tricks every eye. If you are fed up with pure white walls then consider light green or blue colours instead. And when lighter colours are used in the walls match it with curtains also, because a matching curtain blends in with the wall and makes a flawless visual effect. It is better to maintain monochromatic colours in a small space to set up the visual continuation.

Avoiding Clutter

Every living space faces the problem of clutter. Sometimes we store unwanted and useless items inside the rooms which steal the precious space. A protruding decorative or overcrowded shelf can corrupt the spacey look. Always try to maintain a particular distance between items inside the rooms. If there is no white space inside a room it gets hard to live in it. And cluttering items like clothes attracts dust and the air eventually becomes polluted. That makes your room virtually and physically congested.

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Villas near calicut,villas in calicut city, Villa builders in calicut, villas in calicut price

Flooring

Rather than other interior decorative flooring has a huge impact on the space of the home. A shining and stylish floor can pin one’s look down. Single stone flooring gives incomparable space to a room. The best options for flooring lie between dark and light colours. If you choose light colour flooring it will pose a better leg space. Light floors reflect colours and the room looks airy and welcoming.

But dark floors are as good as brighter ones. You can use rich colours instead of black. But remember to balance the dark tone with bright walls and ceiling.

Carpets or tiles having vertical stripes do magic in the space issue. Those stripes when coming parallel to the walls show the room as a long area. Or try diagonal tiling that helps in deceiving the eyes and make the room spacious than in real.

Furnishing

Most of us select furnishing materials based on the style and size of it. But when you forget the proportion of the room this selection become a burden. For small house always choose low profile furniture. Bed close to floor and sliding doors are choice that reflects modernity and space. Mounting TV on the wall and using multipurpose furniture can be tried for utilizing the space you got. Remember not to allow any furniture take large floor space in a room. Instead, personalize your little room so that the appearance makes it emotionally spacious.