Why You Should Buy A House Now!

Published on 02 Jul

Why You Should Buy A House Now!

 

 

COVID-19 has shown us how important it is to have a place to call our own. Being in our own home during tough times gives us a sense of security and comfort. Homes that are well-designed, with clever use of space and good ventilation, proved to be a real blessing during lockdowns. If you're thinking about upgrading your living situation, now is a great time to buy a home. Here are five reasons why:

 

1. Lowest home loan rates ever: Right now, home loan rates are the lowest they've been in 15 years. This means you can get a loan from banks at a lower interest rate, resulting in lower monthly payments. With these savings, you might even be able to afford a bigger or better-located house than you originally planned. Plus, there are tax benefits and government subsidies available, especially for affordable housing.

 

1. Secure your future: Owning a home is not just about comfort; it's also a smart investment. Recent events have shown how important it is to have a stable place to live. Nearly half of the people in a survey preferred investing in real estate because it's seen as a safer option with less risk.

 

1. Good returns: With low home loan rates, buying a house as an investment is a smart move. You can buy a ready-to-move-in house and start earning rental income right away. In big cities, you can expect rental income to be around 2.5% of the property's value. Plus, as property values increase over time, you'll benefit from the appreciation.

 

1. Stable investment: Real estate has historically been a reliable long-term investment when compared to stocks. Unlike the stock market, real estate isn't as affected by sudden ups and downs, making it a stable option for your money.

 

1. Affordable housing options: Thanks to government initiatives, affordable housing projects are becoming more common. Builders like Star Construction are offering quality homes with amenities at affordable prices. With subsidies and tax benefits available, this segment of the housing market is thriving.