Everybody dreams to have a Spacious, Well Designed and Good Looking House in their life time. Living with the Family in our Own House is a Dream for many. However, owning a house involves lots of Research such as Shortlisting the Location and Projects in the City, Noting the proximity for Basic Necessities, Calculating the Costs involved in it, Opting the Right Bank for Loan Eligibility & Approvals (if any) etc. On our research, we came to know that below are the best ages for buying your dream home.
25-30 Years
As soon as you passed out of college, you started exploring the real world or might have completed your Masters. But definitely you would have started thinking about your future and wealth generation. One in several thoughts of your future might be your dream home! The earlier, the better is the motto for buying a home. If you buy home at this age, you will definitely have a Head start in planning your future. This is the best Age to buy a Home because you have a free hand on your decisions and you are away from Major Responsibilities in our lives. ECS of Home Loan EMI will be habituated easily if you start investing at this age. By investing now, you can complete the Loan by 44-50 Years of Age respectively. Moreover, you can also get increased loan tenure of up to 30 years thereby making your EMI lesser. Options of Pre Closure and Pre Payment are anyways there to help you with. This is the Best Age to Buy a House!
As Warren Buffet Rightly Said “Don’t save what is left after Spending, But Spend what is left after saving”. Real Estate Prices have steadily increased over years in Major Cities such as Hyderabad, Bengaluru, and Chennai. Hyderabad witnessed 100 % growth rate in Real Estate over the past 7-8 Years and Price per Sq.ft has increased double fold in some areas such as Shaikpet, Jubilee Hills, Tellapur, Kondapur, Hafeezpet, Kukatpally, and Kompally etc. As the prices are steady now, Investing at this moment will be the wisest decision you will ever make in your career. There are many instances where the property value of Apartments in Gated Communities received better appreciation compared to Individual Houses. Features such as Round the Clock Security, 24×7 Power Backup etc. attracts Families to buy a flat in such communities. Don’t Procrastinate, Stop thinking and Start investing!
31-35 Years
You would have earned more experience and have control of your finances by this age. You might have seen people invest and excel in many fields. You would have shortlisted some of the few that works for you. Chances are that, Real Estate would definitely be in your list. All these Years, You would have roamed form place to place searching for a new home if you are living in a rented house and would have faced embarrassing conversations with the weird house owners. At least once in those moments, you would have felt “It is better to buy a House as soon as possible!” but other expenses might laugh at you. However, buying a house at this age will save you a lot from unnecessary time and thoughts. This is the Right Age to Buy a House!
You might have been married and would have kids at this time but a permanent address is more than required for filling up forms for your kid’s Aadhar card & Passport. Living in a Good gated Community can help your kids play with the kids of the same age group. Also, Elderly people can find friends from the similar age group. Even if you consider moving out of the state or country, renting the house will fetch you at least 70% of the EMI as observed from Majority of Cases. On a positive Note, by the Time you retire, you will have a fully owned home on your Name.
35-40 Years
It is Better to be late than never. You might be experiencing a Midlife Crisis or en-route experiencing it. Buying a Home at this age is still a better option as you would have healthy 20 Years of Age for repaying the Loan (Provided you opt for Home Loan). You have the eligibility for it and “What?” Go for it without any hesitation. Expenses never stop. However, careful evaluation and money management can help you clear your Home Loan peacefully. Considering the Appreciation of Houses, You might have experienced what it made to the majority of the people you knew invested in Real Estate. Take a wiser step by investing in the best project in the right location. You can take Loan against Gold or Securities if you are looking for the initial 10-20% of the amount you were thinking about. A good 20 Years of time is right before you to gift yourself the dream home for your retirement with no liabilities and burdens.
Now that you read this article. What to do next? Pick your phone and call 91-40-4569 5555 or mail us on enquiry@adityacc.com to know more about Aditya Construction Company Projects in Hyderabad. Aditya is a pioneer in Hyderabad Real Estate and has completed 26 Projects in the city till Date.
