Ten questions to ask before you buy a house

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Questions that a potential buyer needs to answer before he takes the plunge. Don’t get us wrong. We don’t want to shatter your dreams to own a house. We just want you to take a reality check. Your answers will tell whether you are in a position to buy and if real estate is indeed the best investment option for you.

If most of them are answered in a ‘no’, take a step back and revisit your plans. You may decide to save more for a bigger down payment, buy a smaller house, invest in a cheaper city.

 

Can you afford the home loan EMI?

 

It might sound a no-brainer, but many home buyers get this wrong and bite off more than they can chew. The home loan EMI should be around 40% of your net household income. But that is if you don’t have other loans. A high EMI outgo can put your household budget under pressure.

If the home loan EMI accounts for more than 50% of the net household income, other goals will have to be downsized or junked altogether. Banks have their own methods of calculating your affordability.

They will also take into account your liabilities before sanctioning a loan. Don’t be fooled into thinking that the recent cut in home loan rates have made property a viable investment. It will have a marginal impact on the total EMI. A 25 basis point cut will reduce the EMI of a Rs 50 lakhs loan for 20 years by Rs 826.

If you go for a home loan, make sure you have enough room to wiggle in case the interest rate cycle takes an unexpected turn. If home loan rates go up, your EMI will not rise, but the lender will extend the tenure. But if the tenure extends beyond your retirement, the lender will have no choice but to increase the EMI. If your income does not support the increased EMI, the lender might ask you to make a part payment to reduce the EMI to fit your budget.

So, make sure you don’t take a loan that stretches your finances to their limits. It’s easy to get ambitious and go for a bigger loan if you are expecting generous increments in the coming years. Don’t make the cardinal mistake of leveraging on future income. This year was good for increments and indications are that 2016 will bring more good news.

But not all sectors and companies will dish out fat increments. According to a survey of 602 companies across India by the Kolkata-based Genius Consultants, 48% companies say that increments next year will be between 10-15% while 11% believe they will be around 15-20%.

But 29% also expect increments to be between 5-10% while another 10% believe they will be less than 5%. So, not everyone will see a big rise in income. Also, while your income would certainly rise, but so would your expen.

A good chunk of the increment is nullified by inflation and increased consumption. As your children grow, their education costs and other expenses also rise. Your own lifestyle changes, which means the entire increment may not be available for paying the home loan EMI.

 

Have you factored in the other costs?

 

Like many other products, a house also has ancillary costs that need to be paid for. The price advertised in the media is usually the base price of the property. The add-ons are usually kept hidden till you sit down with your cheque book. Many builders will slip in charges for facilities that you thought were free with the property.

Others will keep certain charges hidden from the buyer by tucking them away in the fine print. Some charges, like the preferential location surcharge or the gym membership fee, are kosher, but others are not. There have been cases where builders have been dragged to court for charging extra for parking.

These apart, there are other big-ticket add-ons such as the legal costs. The stamp duty and registration charges payable to the authorities add up a neat 7-8% to the overall price of the property. In all, these charges can combinedly push up the property price by 20-25% (see table). Make sure you have factored in these additional costs.

 

Have you done a thorough rent versus buy analysis?

 

The old saying that “fools build houses and wise men live in them” has been proved incorrect several times in the past. But the high property prices across cities mean that renting is certainly a better option now (see graphic). Let us look at a hypothetical family planning to buy a house in Mumbai. A 2-BHK house will cost them close to Rs 1.2 crore.

f they put in Rs 40 lakh as downpayment and take a loan of Rs 80 lakh, the EMI for 20 years comes to about Rs 76,500. They also lose around Rs 23,500 in interest that the Rs 40 lakh downpayment could have potentially earned. Their total cost per month comes to Rs 1 lakh while they can easily get a similar house on rent in Mumbai for about Rs 40,000-45,000 a month. Don’t go by hypothetical examples.

Instead, do an empirical analysis to know whether you should buy a house or live on rent. There are many rent-or-buy calculators available online, but we particularly like the one developed by Bigdecisions. com. It’s a sophisticated online tool that takes into account several things, including the cost of the house, the amount of downpayment, the rate of interest of the home loan, the expected appreciation in the house price, the rent payable for a similar accommodation in the area and even expected hike in the rent every year.

It may be argued that a house is an asset and any appreciation in its capital value adds to your wealth. That’s true, but prices in Mumbai have either stagnated or risen marginally by 2-3% in the past one year. However, the real estate market is very localised and the situation may be different in other cities.

 

TAKE A TEST DRIVE

 

Planning to buy a house but feeling unsure? Before you take the plunge, just calculate the home loan EMI you will have to pay every month. If you take a loan of Rs 50 lakh at 10% for 20 years, the EMI works out to Rs 48,250. Now start putting away that amount in a short-term debt fund or recurring deposit.

In 10-12 months you will figure out whether you can really afford the EMI. If you find it difficult to put away that amount every month, imagine your situation if you had actually bought the house.

On the other hand, if you don’t feel the pinch and all other goals have also been taken care of, go ahead and buy. In 12 months, you would have saved around Rs 6 lakh, which means a bigger downpayment. There are some fringe benefits as well: if you are putting away a big chunk into savings every month, it will prevent you from wasteful expenditure.

 

Will the value of the property rise faster than the interest on loan?

 

In the early 2000s, when home loans were available at 6-7% and property prices were galloping at 20-25%, it made eminent sense to invest in an upcoming apartment project. You could book two properties and sell one of them after a few years for a profit big enough to repay the entire loan taken for the first property. Those days are now history.

If you are buying property as an investment with a loan, first assess whether its price will appreciate at a rate higher than what you are paying on the loan. “If you are payings 10% on the loan and the property price is expected to appreciate by 5-6%, then it is a bad buy

Though fewer people expect prices to fall, a large chunk (55%) believe they will remain the same for the next 6 months. But even a stagnation in the price is actually a correction in real terms. You will be paying close to 10% interest on a loan to buy an asset that will not increase in value for the next 6-12 months.

 

Will this purchase force you to postpone other major goals?

 

Stagnant property prices and high EMIs are not the only problems that potential home buyers should be wary of. Their home buying plans can have serious implications on other financial goals, such as saving for their children’s education and marriage and their retirement. If the home loan EMI is too big, it will push other goals out of the financial plan. Worse, buyers might have to liquidate existing inv ..

 

Do you have a contingency fund?

 

Real estate is not a liquid investment. You can’t sell it at short notice, nor break it up into parts. Invest in it only if you do not need that money at short notice. This also means one must have an emergency fund to take care of 3-6 months’ expenses. If you plan to use your emergency funds to pay the downpayment, you could be making a big mistake. A financial emergency can put you in a terrible spot, with the home loan EMI exacerbating the problem.

The only possible loan is if the house has been given out on rent. Then you can take a loan against the rent receivable from the property. But such loans come with strings attached: the loan amount will be only 55-85% of the receivable rent for the residual lease cover. If the lease is ending soon, the bank won’t offer a big amount.

When you buy a house, make sure you have enough investments in near-cash instruments that can be quickly accessed in an emergency. Also, don’t touch this emergency fund even if you find it difficult pay the home loan EMI.

 

Will you live there for 10-15 years?

 

We live in a society that assigns great importance to physical assets. Owning a home is seen as a sign of achievement and stability. However, buying a house too early in your career can hamper your prospects.

But that will also mean paying an EMI as well as rent. Can your pocket afford this double burden? The burden can be eased if you rent out your house when you relocate. But finding a reliable tenant and maintaining the property can be a pain. The hassles only get bigger if you are based in another city.

Selling off the house is not an easy solution. Property is not very liquid and finding a buyer at the right price can take weeks, even months. Plus, there are very high entry costs in the form of registration and transfer charges.

Buy only if you are sure that you will live in the city for the next 10-15 years. There is also a lot of parental pressure on young investors to buy a home early in life. Parents can’t really be blamed. Their perception is based on their experience of how property prices have gained in the past 20-30 years.

 

Source – economictimes.indiatimes.com

 

Also read: Trends that millennial home buyers are creating in real estate investment

For Complete Information About Spacious flats in thane – Ace Homes Contact Ace Constructions Sales Office, On 022 6730 4862 Or Email Us At Info@Acerealty.Co.In

Trends that millennial home buyers are creating in real estate investment

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With India having a large and growing population of millennials, we look at how their preferences, which are distinctly different from the previous generations, will affect the real estate market

 

Over the last few years, the real estate market has witnessed a series of drastic changes. One such development, has been the active involvement of millennials in housing investment. Their outlook and approach towards life, is slightly different from the preceding generations and they have come up with creative ways to save for a down payment. This shift in demographics is affecting the market.

 

Indian real estate industry to become third-largest, globally

 

The real estate sector holds considerable significance in the Indian economy. It contributed about 6%-7% to the Indian economy gross domestic product (GDP) in 2017 and is expected to contribute about 13% by 2025. According to a report by KPMG, by 2030 the Indian real estate industry is expected to touch USD 1 trillion, becoming the third-largest, globally. It is also the third-largest employer (after agriculture and manufacturing) in the country and presently employs over 50 million people.

As per the National Skill Development Council (NSDC), the real estate and construction sector is expected to necessitate demand for over 66 million people by 2022. The sector is estimated to grow to USD 650 billion by 2025 and surpass USD 850 billion by 2028. The value increased from USD 174 billion in Q4 2012 to USD 243 billion in Q2 2018.

India has also consistently improved its ranking, vis-à-vis global real estate since 2014, which has instilled confidence in investors. Residential, commercial and retail are the three key asset classes, which have primarily been contributing to the sector’s growth.

 

Young generation to have greater purchasing power

 

With younger generations moving up the career ladder faster than ever before, this segment is rapidly gaining purchasing power. According to a report by Deloitte India and the Retailers Association India, millennials are India’s predominant wage earners, comprising 47% of the working population. The report also observes that this generation is characterised by digital savviness and high disposable incomes, meaning that they are an integral and large part of the consumer market.

However, considering that the spending habits observed in this population highlight the importance of saving and concrete investment before expenditure, there is increasing home-buying competition.

Here, it is important to recognise the different needs of the ‘Gen-Y’ home buyer. For them, what matters is convenience, ease-of-access, proximity to commercial and business hubs, as well as the availability of various amenities. In such a context, real estate developers need to either build projects that separately cater to different age demographics, or they need to find the common points of demand and market housing projects that possess characters that will appeal to people across the age spectrum.

 

New-age living for the new-age population

 

With heavy stress on work-life integration, mental well-being and holistic living, Gen-Y loves open spaces that allow them to socialise, without feeling confined and at the same time feel a sense of spaciousness without the inconvenience and stress of maintaining a sprawling mansion. Hence, they prefer multi-functional rooms .

In addition to building smarter homes, smart technology needs to be installed, as this will attract young buyers. State-of-the-art security systems, sustainable living through smart power-saving ACs and lighting that consumes minimal electricity, as well as uncluttered spaces that are easy to clean – these are some of the modern living considerations that builders need to incorporate in projects, in order to attract the average buyer in this age bracket.

 

Millennial home owners to rely heavily on technology and social media

 

Millennials who already possess their own homes, have a different outlook on the housing market, as compared to their parents.

A BankBazaar study from 2018 found that 91% of this age demographic preferred to make their own financial decisions but relied heavily on social media to gain insights and perspectives that help in decision-making. Data from Computer Age Management Services also showed that FY18-19 saw a much larger quantum of this generation investing in mutual funds than before. When this generation buys assets, they believe in either selling it, only after significant capital appreciation, or reaping the continuous benefits by renting out their property.

Millennials today are entering the housing market, armed with smart technology, which often guides them seamlessly in aspects ranging from design and functionality, to documentation and financial assistance. It is time now for agents to familiarise themselves with aware and market-savvy clients. As long as they are a chunk of the market, they will create major trends in the home-buying sector.

 

Source – www.msn.com

 

Also read: Home Buying Tips: Should you buy a home early in your life?

 

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For Complete Information About Real Estate Projects in Kasarwadavali Thane – Ace Homes Contact Ace Constructions Sales Office, On 022 6730 4862 Or Email Us At Info@Acerealty.Co.In

Home Buying Tips: Should you buy a home early in your life?

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It won?t be wrong to say every person dreams of having their own home in life. However, some realise this dream early in their careers while others have to wait longer to make it come true. Home purchase is typically the biggest investment of our lifetime. To achieve this superlative goal, one needs to have financial stability and an income pool big enough to accommodate this major expense.

 

So, the question is, what is the best time to buy a house: early in our careers or later when our finances stabilise? Before we get to the answer to this, let?s discuss some of the common reasons why so many people want to buy a home early in their lives.

 

Why do people think they should buy a home at an early age?

 

Young people who have just started their career usually find it challenging to buy a home and thus stay in rented houses. But as their income grows, they feel they can save on the rent outgo and instead pay for their home loan EMIs. Then there are some who buy a house early in their lives as a pure investment move to safeguard their financial future.

Many feel since buying a home will be the biggest financial goal of their lives, it is better to start the process early so that they can concentrate on other important goals later. Others believe it would get extremely difficult to buy a home at later stages owing to factors like additional responsibilities and inflation. Lastly, many buy a home at an early age simply because they have a good income or financial support from their family members making it easier for them to afford the EMIs.

To be fair, none of these arguments are wrong. There are indeed several benefits of buying a home early in your life, some of which are discussed below.

 

Advantages of buying a home early

 

Buying a home early has several advantages like you can repay the loan amount well before your retirement, and by the time you repay the loan the value of your property is likely to have increased significantly. So, you can enter your post-retirement phase without a major debt to worry about and a great asset under your belt.

Also, staying in a rented house isn’t the same as living in a self-owned property. Rental living is often marked by woes like having to look for a new place every other year, among a host of other potential issues.

If you buy a home on loan at an early age, it will also help you save a lot in tax outgo against various deduction benefits available under the I-T Act. You can always use this saved amount to meet other financial goals or to prepay your home loan and accelerate the loan-clearing process. Real estate is also regarded as one of the best hedges against inflation, so buying a home early will minimise erosion of wealth due to inflation.

Most significantly, getting into the habit of dealing with a major financial commitment like paying home loan EMIs early in your life will instill financial discipline like nothing else. Clearing your dues every month will ensure you?re always conscious about your financial priorities and an expert in minimising wasteful expenses.

That being said, buying a home early in your life is a tall task fraught with several challenges and risks too.

 

Drawbacks of buying a home at an early age

 

People take this deep plunge assuming they?ll have stable income throughout the loan tenure. However, things might get really complicated if you lose your job midway, even temporarily, as you will struggle to repay your EMIs and accumulate huge debt in the process. Worse, being unable to repay home loan EMIs for more than three months will lead to your loan being classified as an NPA, at which point the lender is within his rights to initiate the loan recovery process through the means legally available to him, including through the auction of your property. Needless to say, this will cause irreparable damage to your credit score.

Also, if you haven?t thought it through, arranging for the down payment fund and other major miscellaneous costs associated with buying a home alongside dealing with the loan burden can pressurise your finances to such an extent that you might struggle to meet other important financial commitments. Many exhaust their emergency fund and discontinue crucial insurance plans and investments to be left with sufficient funds to repay their loan, but doing so leaves them vulnerable to life?s many vagaries. Extreme cost-cutting, especially when it comes to discretionary expenses like vacations, can also cause major stress.

Then there are those who make major sacrifices to buy a home early in their lives but then they are forced to move to another city for professional reasons. Dealing with the EMIs and the rent can get extremely challenging for such people.

 

So, should you buy a home early in your life?

 

The answer to whether you should buy a home early in your career or not lies solely in your preparedness to take on this humongous financial responsibility. While buying a home early has major advantages as discussed above, doing so would involve immense financial discipline on your part.

So, you?ll be well-advised to embark upon this path early in your life only if you think you can arrange for the out-of-pocket expenses like down payment, registration, etc. without undermining other financial goals, and have a clear repayment plan to deal with the EMIs. Because, while a home is extremely important, it’s not the only important financial goal that you need to take care of. Buying one without a proper plan can cause more harm than good. If you?re unsure, it’s better to wait for a few years until you’ve stabilised your finances.

In conclusion, when it comes to buying a home, take the plunge only when you think you can meet this financial goal without impacting other important commitments ? be it early or later in your life.

 

Source – www.msn.com

 

Also read: The Fastest Way To Enhance Loan Eligibility

The Fastest Way To Enhance Loan Eligibility

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Only a few people are eligible to become co-borrowers to a home loan and claim the tax benefits on such a loan, provided other conditions are also fulfilled

 

With the prices of houses rising significantly faster than salaries, it has become increasingly difficult for individuals to buy a house on their own. Consequently, most people now opt for home loans. To enhance the loan eligibility, once can opt for a loan with the longest available tenure or, additionally, get someone to join you as a co-borrower.

 

Persons who are generally accepted as co-borrowers

 

When it comes to adding a co-borrower to a home loan, lenders give first preference to the borrower’s spouse. It is presumed that the income of both individuals will be pooled for the purpose of household expenses, including for paying the home loan EMIs. The second category includes sons, daughters and parents. This is also considered as a relatively strong relationship, from a financial point of view. Please note that in case you add your parents as co-borrowers, their age shall be crucial in determining the overall eligibility.

The lender will only take the remaining years of their earning life into account, while computing the overall eligibility. So, in case your parents have already retired, including them as co-borrowers will not help you, as they do not have any income to help you service the home loan.

Few lenders will be willing to let a daughter join as a co-borrower because the dynamics change once the daughter gets married and her ability to help you in servicing the home loan does not remain certain.

Lenders have to take this reality into account. In case a son or daughter joins you as a co-borrower, the lender would insist on them being the first owner of the property, to ensure that the loan is serviced properly.

 

Persons who are generally not accepted as co-borrowers

 

Brothers and sisters of an applicant are generally not accepted, as co-borrowers for a joint home loan. However, if the brother/sister is able to convince the lender that the incomes of the siblings are pooled together, then, the application may be considered. This may be possible, if the brothers/sisters are staying together and are past their general marriageable age. However, the decision is made by lenders on a case-to-case basis.

 

People who are not eligible to be joint borrowers for a home loan

 

Banks generally do not approve of friends, partners or unmarried couples living together and other relatives, to join as co-applicants to a home loan. Lenders avoid granting home loans in such cases because these relationships are not considered to be strong. However, lenders may grant business loans to people who are partners in a business.

 

Tax benefits for joint borrowers

 

A co-borrower’s eligibility to claim tax benefits is not automatic. A co-borrower may not necessarily be a co-owner of the property. All the joint borrowers can claim the tax benefits, only if they are also co-owners of the property and are actually servicing the home loan. The ratio in which you can claim the tax benefits for the home loan, shall be according to the ratio in which you are servicing the home loan. This may be different from the ratio in which you own the house property, as each co-owner may not service the home loan.

Also read: 5 Must-Have Smart Home Appliances for Home Buyers

 

For Complete Information About Home Loans for 2 BHK Flats in Kasarwadavali Thane Contact Ace Constructions Sales Office, On 022 6730 4862 Or Email Us At Info@Acerealty.Co.In

5 Must-Have Smart Home Appliances for Home Buyers

In An Era Where Everything From Your Phone To Books Is A Smart Appliance, It Is Only Understandable That One Would Also Be Looking For A ‘Smart’ Home. What Exactly This Entails Is A Lengthy Narration, But Here Are A Few Appliances That We Think Could Essentially Make Your Life Much Simpler And More Comfortable.

5 Must-Have Smart Home Appliances for Home Buyers

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Smart Home Appliances For Home Buyers

1) A Smart Home Security System

With The Help Of Such A Device, You Can Keep Watch Over Your House And Your Kids’ Safety All The Time. You Can Get A 100 Percent Wireless Wi-Fi Security Camera Equipped With Night Vision, To Give You Crystal-Clear High-Definition Video Around The Clock. In Most Cases, These Cameras Are The Size Of Your Fist, Are Weatherproof And Work Smoothly Even After Continuous Usage. Some Of These Home Automation Systems Use Cameras That Are Battery Operated, So You Can Set Up The Camera Wherever You Want To Without Worrying About Finding A Power Outlet Or The Hassle Of Inconvenient Power Cords. You Can Not Only Watch Live Streamed Or Recorded Videos But Also Control This System With An App On Your Mobile Phone From Anywhere.

2) Internet-Enabled Smart Switch

A Wi-Fi Enabled Switch Lets You Turn On Or Off Your Electronic Devices From Anywhere. These Switches Provide A Wireless Control For TVs And Stereos, Lamps And Heaters, Fans And Coolers, All By Using Your Existing Wi-Fi Network. All You Have To Do Is Download The Free WeMo App On Your Smartphone Or Tablet, Plug The Switch Into An Outlet At Home And Plug Any Device Into The Switch. These Smart Home Appliances Give You Wireless Control Of Your Other Electronic Devices And Gadgets.

The Switch Also Operates Over Mobile Internet, Which Means You Can Control Home Devices From Anywhere In The World. The App Makes It Easy To Set Schedules For Appliances And Electronics In Your Smart Home. Use Your Smartphone Or Tablet To Program A Fan To Turn On Or Off At A Certain Time Of Day, At Sunrise Or Sunset. So Now You Can Switch On Your Music System To Go Full Blast Every Morning To Wake You Up! Or You Can Program Your AC To Start Cooling When It Is Time For You To Come Home From Work Or School.

3) Smart Cleaning Robot

Our Busy Lives Often Don’t Give Us Enough Time To Do Our House Cleaning. When We Do Make Time Rarely, We Easily Get Tired Of Dragging The Heavy Vacuum Cleaner To All Corners Of The House. In Such Cases, A Robot Vacuum Cleaner Comes To Rescue You. These Home Automation Robot Vacuum Cleaners Look Like A Sleek Black Disc. Using A Pair Of Rotating Extractors Instead Of Brushes, This Robotic Device Acts As Your Own House-Cleaning UFO, Ridding Your Floor Of All Kinds Of Dirt And Debris. At The Bottom End, There’s A Discreet Compartment Where All The Dirt Collects. All You Have To Do Is Empty This When It’s Full; It Easily Pops Out And Clicks Back In Place.

One Can Also Schedule Such Robotic Cleaners To Clean At A Specific Time. Say, If You Want It To Vacuum Every Monday, Wednesday And Friday At 3 Pm, It’s Just A Matter Of Pressing A Couple Of Buttons To Schedule This. You Will Be Amazed At The Ability Of This Cleaner To Clean Along Corners, Around Furniture Legs, Under The Beds, Rough Edges And All Kinds Of Nooks And Crannies, Letting You Relax While It Takes Care Of All Your House Cleaning Chores!

4) Smart Lighting

Imagine Coming Home After A Hard Day’s Work. As You Sit Down On Your Favourite Armchair And Switch On The Lights, Your Favourite Songs Start Playing In The Room. These Newly Arrived LED Bulbs Make This Scenario Possible. These Pearl White, Easy-To-Install Speakers Make For Quirky LED Lamps In Your Room. Just Plug These Smart Home Appliances Into Your Regular Bulb Holder And Play Music Through Any Bluetooth-Enabled Mobile Phone, Tablet Or Laptop. Both The Light And Speakers Operate Independently, So You Can Switch Off The Bulb While Still Playing The Music Or Vice-Versa.

There Is Also An Infrared-Connectivity-Based Remote For Changing The Sound Track. So Once You Set Your Soundtrack With Your Smartphone Initially, You Can Control The Music Directly Using The Remote Control After That.Unlike Other Bluetooth-Based Speakers, This Doesn’t Require Any Charging And Runs On Electricity. The LED Bulb Comes With Low Power Consumption And Features Two Colour Modules – Cool White For High Brightness And Light Yellow For Soothing Mood Lighting. Here’s An Appliance That’s Both Smart And Cool!

5) Wi-Fi Enabled Air Conditioner

Indian Summers Can Be Very Tough! The Hot And Humid Climate Along With The Harsh Blazing Sun Sucks The Energy Out Of People. However Comfortable Your New Home May Be, One Just Cannot Escape The Heat Waves. A Smart Solution Would Be To Get Yourself The Newly Launched Wi-Fi Enabled Air Conditioners.

Your Home Automation Is Incomplete Without These Wi-Fi Enabled ACs Which Use Your Home’s Wi-Fi Network To Connect With Your Phone And Also Works On 2G, 3G And 4G Data Networks. They Can Be Controlled From Anywhere Through Your Phone, If You Have A Working Internet Connection. The AC Connects To Your Phone Like It Would To A Remote. The ‘Away’ Mode On The AC Tracks Your Smartphone’s Current GPS Location And Accordingly Switches The AC Off To Conserve Power If You Are Out Of Range. You Can Also Use Your Phone To Turn On Your Air Conditioner Before You Reach Home, So When You Reach Home Tired And Sweaty From School/College/Work, You Are Greeted By A Cooled Room. These Smart ACs Are Here To Stay!

With Even One Of These Devices Tucked Under Your Belt, Life Is Sure To Become Immeasurably More Comfortable And Fun. You Personalise Your Desktop, Phone’s Wallpaper, Workstation Desk And Bedroom Décor. With These Smart Home Appliances, You Have The Opportunity To Personalise Your Entire Lifestyle As Well!

 

Also Read: 9 Tips To Decorate Your Home Like A Minimalist

 

For Complete Information About Luxury 2 BHK In Ghodbunder Road Thane, Contact Ace Constructions Sales Office, On 022 3964 7550 Or Email Us At Info@Acerealty.Co.In

1 Bhk Flat Vs 2 Bhk Flat ? Which One to Choose.

1 BHK Flat Vs 2 BHK Flat ? Which One To Choose According To Your Family Size

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The Real Question

As The Urban Lifestyle And Pace Is Evolving Rapidly, Our Choices And The Approach

Towards Everyday Life Is Taking The Needful Curve. Though A Family Is Seen As One Unit, If Dissected, It’s A Fusion Of Individuals Of Different Age Groups Living Together. Individuals Who Need Their Space, Their Time But That Too By Staying Together In A Harmonious Space. Today’s Nuclear Family Is A Live Example Of Improved Functionality That Keeps Up With The Evolving Pace Of Life. The Question Of Choosing A 1 BHK Or 2 BHK Flat In Thane Can Leave Many Profusely Puzzled. So, Here’s An Overview For You To Decide.

1 BHK : A Beginning

1 BHK Flats Are Perfectly Sized For A Newly Married Couple. It Is Ideal For The Beginners As They Are Priced Low And Don’t Make You Stretch Your Budgets Profusely. If You Are Looking For An Investment, 1 BHK Is A Perfect Option For You Too. However, A Family Should Be Switch Ready In The Future. As The Family Expands From Two To Three Or More It Demands More Space. This Can Act A Perfect Ladder If You Don’t Wish To Spend More On A Space For Now. As The Property Value Increases Overtime, Your 1BHK Can Help You Reach That Larger Space Which You Would Aim Few Years Down The Line.

2 BHK : Space & Grace

When It Comes To Space; The More, The Better. A 2 BHK Gives A Growing Family The Ideal Space. As Children Grow Up, Having Their Own Space Turns Out To Be A Significant Aspect Which Needs To Be Addressed With Time. A 2 BHK Flat In Thane Seems More Welcoming For The Relatives And Friends Who Would Want To Stay Over. An Additional Bedroom Adds More To The Grace And Space Of A House. At Namrata Group, Considering Both The Sides; We Thoughtfully Design Spaces To Fit Your Needs.

For Complete Information About 1 BHK And 2 BHK Flats In Ghodbunder Road Thane, Contact Ace Constructions Sales Office, On 022 3964 7550 Or Email Us At Info@Acerealty.Co.In

Get Your Home Monsoon Ready

How Can Home Owners Ensure That Their Homes Are Ready For The Rains And Ensure That It Does Not Cause Any Harm To The Safety And Beauty Of The Home? We Offer Some Suggestions

While The Arrival Of The Monsoon Season May Bring Relief To Many, After The Sweltering Heat Of Summer, It Is Also The Time To Prepare And Protect The Home. Leakages Not Only Damage The Look Of The Home But Can Also Spoil The Interiors, Including Furniture And Furnishing. Home Owners, Hence, Should Check For The Smallest Signs Of Damage And Take Prompt Action, To Ensure That The Problem Does Not Become Uncontrollable.

 

Get your home monsoon ready

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Water-Proof Your Home

Water-Proofing Protects The Structure From Extreme Rainfall And Also Saves On Repair Cost And Hassle, In Terms Of Breakage And Weakening Of The The Structure.

Water Seepage And Dampness Can Also Pose Serious Health Hazards, As Dampness And Cracks Lead To The Growth Of Fungus, Moulds And Algae. Dampness Can Cause Home Owners To Develop Allergic Reactions, Asthma, Irritations In The Nose, Eyes And Throat And Other Respiratory Ailments, Cautions Sanjay Bahadur, Global CEO, Construction Chemical Division, Pidilite Industries Ltd. These Problems Can Be Avoided, If A Little Precaution Is Taken. “Different Surfaces Are Exposed To Diverse Challenges. Hence Each Surface Needs The Right Kind Of Water-Proofing. Merely Water-Proofing The Roof, Is Not Enough To Ensure A Leak-Free Home. The Home Will Be Fully Protected, Only When All Five Possible Areas For Water Entry – Below The Ground, Internal Wet Areas (Bathroom, Kitchens And Balconies), Roof, Concrete Water Tanks And Exterior Walls – Are Properly Water-Proofed. All Broken Plasters And Cracks Should Also Be Repaired,” Adds Bahadur.

Check The Surrounding Area Of The Building

Prior To The Monsoon, Also Check The Surrounding Area Of The Building Compound, Or The Garden Area Of The Bungalow. “Check If Any Tree Branches In The Garden Or Terrace Are Weak And Need Trimming, Lest They Give Way In A Heavy Downpour And Cause Damage. Make Sure That The Drainage In The House Or Even Outside The Villa Is Checked For Blockages. Metal Doors, Frames And Grills Of Windows And Balconies Should, Ideally, Be Given A Coat Of Paint Before The Monsoon, To Prevent Rusting And Corrosion,” Says Prachi Chavarkar, Co-Founder Of ArchiLab Designs.

“Water And Electricity Is A Dangerous Combination. For Outdoor Usage, Opt For Electrical Switches And Lights That Are Designed For External Usage. Also, Get An Electrician To Check All The Connections Before The Rains, To Avoid Chances Of Electric Shock Or Short-Circuit,” Adds Chavarkar.

Keep The Home Pest-Free

Puddles And Stagnant Water Are Common During The Monsoons. As Mosquitoes Breed In Stagnant Water, One Should Keep Areas Like Air-Conditioner Ducts, Drains, Trays Beneath Potted Plants, Etc., Clean And Dry. Clean The Terrace And Rainwater Drainage Pipes Of Dried Leaves, So That Water Can Flow Easily And Not Stagnate. Before Laying A Carpet On The Floor, Ensure That The Floor Is Completely Dry. Alternatively, Roll Them Up And Store Them Away For The Season. Vacuum And Air Them Well And Keep Camphor Balls Along With The Carpets, Before Putting Them Away.

“It Is Better To Do A Pest Control Treatment Before The Monsoon, So That All The Hidden Worms And Bugs Are Eradicated From The House. Use Antibacterial Fluids For Mopping The Floors, As Dampness Can Encourage The Growth Of Bacteria And Termites. Opt For A Cleaning Agent, Which Is Designed To Keep Bugs Away. Indoor Plants Not Only Add To The Moisture Level In The House But Also House Insects. Hence, Keep Potted Plants Outside During This Season,” Says Shantanu Garg, Founder And Creative Director Of Shantanu Garg Designs.

Caring For Furniture And Accessories During The Monsoon

When Cleaning Furniture, Avoid Using A Wet Cloth And Instead, Replace It With A Dry Cloth. “All Leather Bags, Belts And Shoes Should Be Kept In Cotton Or Muslin Bags, As This Will Keep Them New. Also, Instead Of Placing Footwear Directly On The Shelf, Place A Newspaper First And Then, Keep The Shoes On It. This Will Keep The Shoe Rack Clean,” Adds Garg.

Home Maintenance Tips For The Rainy Season

1. To Get Rid Of The Damp Moist Smell In The Rainy Season, Use Scented Candles And Burning Oils.

2. Ensure That The Clothes Are Completely Dry, Before Keeping It In The Wardrobes. Keep Silica Gel Pouches In Cupboards Or Between Clothes, To Soak Up The Moisture And Prevent The Growth Of Fungus. Also, Put Some Dried Neem Leaves (Not On The Clothes) Or Naphthalene Balls In The Cupboard, To Keep Fungus And Mildew Away.

3. Keep The Kitchen Area Dry. When Cleaning The Cabinets, Keep Them Open For Some Time To Prevent Bad Odours And Moisture From Being Trapped Inside.

4.Install Metal Canopies And Shades Over Windows And Balconies, To Prevent Water From Coming In.

5. Place A Small Bucket Near The Main Door, To Keep Wet Umbrellas. Allow The Umbrella To Dry, Before Keeping It Back In Its Place Inside The House.

6. Light A Few Pieces Of Camphor In A Diffuser As Camphor Is An Effective Mosquito Repellant.

 

For Complete Information About Flats In Ghodbunder Road ThaneContact Ace Constructions Sales Office, On 022 3964 7550 Or Email Us At Info@Acerealty.Co.In