If you wish to take out a house loan, enlisting a co-applicant is a good idea because shouldering the financial burden alone for 15-20 years might be difficult. You may be financially secure now, but because a house loan is a long-term commitment, you must be future-oriented and prepare properly. This is especially important now, when the COVID-19 epidemic has blown things out of proportion and has significantly harmed the employment market. According to estimates, almost 12.2 crore individuals have lost their employment in India in the previous five months alone. Financial institutions have also been more cautious and are re-examining outstanding home loan applications by requesting applicants’ most recent pay stubs in order to avert bad debts. Nevertheless, not … Read more
PropertyPistol Insight Team
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What Exactly Is The Central Business District (CBD)?
A city’s Central Business District (CBD) is its commercial or business hub. It has a high level of economic activity and enough utilities and amenities. Continue reading to learn more.… Read more
What exactly is rental yield?
When a property is rented, it generates a fixed monthly income. Rental yield is simply the proportion of the property value earned from rental revenues over the course of a year. It is one of the most frequent ways for calculating a property’s Return on Investment (ROI). It describes the concept in depth and discusses its significance in real estate.… Read more
What exactly is a location plan (site plan)?
A location plan, often known as a site location plan, is a required document for implementing agencies. This architectural design depicts the projected development in relation to the surrounding regions. It is critical that the site plan be reviewed by planning authorities to guarantee that the development does not breach any regulations specified by the town planning authority.… Read more
What exactly is a construction-linked plan?
Purchasing a home is an expensive investment. Most individuals put off their desire of purchasing a home because of the enormous fees involved. Developers, on the other hand, offer a variety of ideas and programmes to entice homeowners. A Construction-Linked Plan (CLP) is one such plan in which partial payments are requested at certain periods.… Read more
Saving Money Towards The Purchase Of Your Dream House!
Property acquisition is a once-in-a-lifetime choice with significant financial implications. Despite the numerous housing financing options to help with the purchase, you must still save money for the down payment, which is typically 15-20% of the home’s cost. You will also require cash to cover extra expenses such as property tax, stamp duty, and registration fees. While purchasing your ideal house is a pleasure, raising the necessary cash can be difficult. Analysts claim that the key is to begin early, around the age of 25, in order to accumulate enough money to finance the purchase by the end of 7-10 years.… Read more
Tips for constructing your ideal house on a parcel of land.
Building a house takes a lot of time and work. Several elements must be considered to ensure the success of the ultimate outcome, from appointing an architect to double-checking the building quality of raw materials. The key pointers to keep in mind while building a house on a plot.… Read more
The Benefits and Drawbacks of Living in a Basement Apartment
Basement apartments are in high demand due to the growing popularity of standalone builder floors. While some homeowners convert their basements into living quarters for their personal use, others opt to make money by renting them out. Living in a basement flat, on the other hand, may bring health difficulties due to humidity and seepage issues, according to Aalok Bhasin, a Delhi-based Architect and Interior Designer.… Read more
Techniques For Determining Your Rental Affordability!
Before you even begin looking through rental ads, you must determine how much rent you can pay based on your present salary. If you are unaware of your financial obligations, you may wind yourself over the limit. Following are some suggestions for assessing your rental sustainability if you’re searching for a new apartment but aren’t sure how much you should be paying on rent.… Read more
Benefits and drawbacks of land investment!
Given the high Returns on Investment, land investment is frequently prioritised above other real estate investment opportunities (ROI). However, before you take the leap, you must first grasp the benefits and drawbacks of investing in plots. outlines the asset class and identifies its primary benefits and drawbacks to assist you in making an educated selection.… Read more
