To Apply and Manage
your Home Loan.
Download our Mobile App
Call Logo Whatsapp Logo
Indiabulls Housing Finance Ltd. is now Sammaan Capital Ltd.
Indiabulls Housing Finance Ltd. is now Sammaan Capital Ltd.

India's 1st Completely Online Home Loan!

  • e-APPLY


  • `


Start your eHome Loans Process Now!

Apply Online

Download our Mobile App

Enter Mobile Number to get app on your phone


Fill in the details below

  • Generate OTP

To buy or not to buy

The hands are holding a house model with greenery. The image is labelled as The doorway to your drea

To buy or not to buy?Is this the right time to buy a house? Buying a house is one of the most important investments one will make in life. It is important to look at every aspect before you take a decision and yourdecisionto buy a home is as important as the amount you’re looking to spend. Some of the factors which affect whether or not you should buy a home are:

  1. Economic Outlook:

The economic environment at the time of your decision to buy a home would play a great deal on not only the price of the property but also the amount you would need for a loan and the interest you would pay back. A floating rate of interest is majorly dependent on the market scenarios, thus an unfavorable market will adversely affect rates of interest and you will have to pay higher installments. Real estate prices too surge in such market conditions.

  1. Reason for buying:

If the property is intended for personal use, right now would be the best time to buy. The new budget has made it much more alluring for first time home owners to take a home loan with an additional Rs. 50,000 as tax exemption on a home loan of 35 lakhs and when the price of the home does not exceed 50 lakhs.

  1. Eyeing the bottom:

While it is true that there has not been a large drop in the average price per square feet, property prices across all markets have dropped recently by 20-30%. It is common nature for a buyer to wait and hope for a further decrease in price of the property, but any lower than the current price would mean compromises and cutting corners on the side of the developer, thus reducing the safety of the structure. As such, we have reached a reasonablylow price point at this point in time.

  1. Addressing delivery concerns:

Many buyers are concerned about the kind of final product they would receive from the developer. Big promises often cause nervousness in the buyer as they wonder if the developer would be able to live up to them. When buying a home, it is important to understand the legacy and history of the developer. A trusted estate developer can boast of a great track record of delivering projects andmaking sure that the customers get what they are promised. It is important to understand the different nuances which affect home buying and how important a factor time becomes. It is wise to research thoroughly prior to making a final decision on buying a home.

Related Articles:

The post To buy or not to buy appeared first on Sammaan capital.

Related Article
A man in formal attire with a smiley face displaying a tablet, with a couple sitting on a sofa behin

Top up home loan vs personal loan a comparison to determine the better choice for loans

Taking on a loan of any kind is a financial responsibility. It is a debt that needs to be repaid, in full, based on the tenure chosen by the borrower. Most banks, housing finance companies and non-banking finance companies offer a myriad of loans to finance the different needs of customers.

A 3-member family holding a house frame, illustrating the types of home loan charges by Sammaan Capi

Types of Home Loan Charges

Most people fulfil their wish of becoming homeowners by taking out a home loan. It is the easiest way to afford a property as one can pay for the house in monthly instalments.

A happy couple in Indian ethnic attire holding a diya, labeled as MCLR in Home loan.

MCLR in Home Loan

The interest rate is one of the most important components of a loan, especially in the case of a high-value loan that lasts for 2 decades or more; the home loan.

Share your comments on the article
0 / 3000
Read all comments

No Comments