2020 has been atough year for everyone, more so for thoseliving in a rented house. Well,thereisgreat news for such folks and the time to buy a new home has never been so right.
What was a struggle for everyone in the initial phase of COVID-19,has resulted in favour to the home buyers. Many top realtors have altered their selling approach, with the bank saving to work in close association with the government to facilitate more affordable housing for all.
Here are 5 key factors that indicate why now is the right time to purchase a new property.
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Social Security
Owning a home not only evokes social status, but also provides an enhanced sense of social security compared to those staying in a rented home, especially considering the COVID-19 restrictions. Also, buying a property now is for sure to serve as an investment for the future.
Home-office Space
The current WFH culture has certainly altered the present working trend and is set to change the future style as foretold by several top MNC’s including Google and Facebook. Such requirement has demanded a response from people to seek ways and means to facilitate the convenience of working from home.
Book and Move-in
The availability of ready to occupy homes from several leading real-estate companies is a bonus for home buyers. It is so, as these types of properties are available in all the prime locations of the city thus ensuring a hassle-free and fear-free moving in.
Lowest-ever Housing Loan Interest
In the September of 2020, mortgage rates hit a record low due to declining inflationary pressures as result of the pandemic and the bank interest rates on housing loan dropped from an average of 9.25% to an average of 6.95% and continues to remain the same.
Financial Schemes
Many newly devised financial schemes for affordable housing form the cream of the crop. The PMAY (Pradhan Mantri Awas Yojana) scheme is one such for the first-time buyers. To know more about our projects in chennai please call us @ +91 8144787405. We are ready to stretch our arm and support you!
Here is a graphic that sums up the entire post.
