Buying Vs Renting an Apartment

Buying a Home is especially if it’s your first home is quite an important decision in any person’s life. The reason is simple; it’s the huge financial decision that you are gearing up to make and the subsequent cut backs you will have to endure for it. While you contemplate this, the inevitable debate in your mind is whether you should buy a home or simply rent out for the time frame as the rent seems viable an option. But Renting is also a huge investment decision, one which you do not realize in the short term but in the long term.

So before you decide to go for the cheaper alternative, here are some things you should consider before decide to go all out for any decision.

Finances: Obviously the first point since it’s why we are in this discussion at the first place. Are you ready to spend a huge chunk of your finances on buying a house? You need to make a down payment to the builder or discuss with your bank if you are considering a loan. That’s right; banks offer you EMI options so as to repay the bank what you took on loan in easy installments over the years. Rental schemes are pretty much the same formula where you pay to stay on a monthly basis, should you fail to pay your dues, you are asked to vacate. Not to mention the sum of funds you would have to pay as deposit and brokerage would be quite a bite out of your immediate funds.

Time Period: You plan to stay at a place for a short time then obviously it’s not a smart idea to buy a home there. Common sense! But many people, especially from Goa, Stay abroad and return either for vacations or retirement.  So a decision over here is about personal choices and then the financial point of view.

Future: While staying in a rented home, the rental price is expected to rise if not in a year then at least every 2 years. Market rates assure you that money value tomorrow is lesser than what it is today, so the rent you pay at the start of your stay is bound to fluctuate. In such a case EMI holds a better prospect. EMI is calculated at the start of the Loan tenure and the value does not fluctuate with every passing year (unless you choose a flexi rate). So as the years pass by, you pay the same amount (or technically lesser considering the future value of money) where you started from.

Taxes: As long as you are paying for a residence, you have a tax reprieves and deductions in your favor, be it rent or mortgage interests. You should calculate what suits you best.

 

Sterling Apartments in Panaji Goa

While there are other aspects of decisions involved in purchasing an apartment in Goa, these are some of the important points you need to give consideration to before purchasing your home. 

Preparing for Monsoons

Horizon Project - Donapaula

Monsoons are coming in and Posh or Affordable every home needs to be prepared.  Both apartments and villas in the little state of Goa are at risk for damage as the monsoon onslaught hits Goa. Coming hand in hand with the heavy rains against the exterior of you apartments during the monsoons will be the cold and musty moisture that wrecks havoc in inside. Here are some monsoon tips for your home to make sure you have a healthier monsoon this year around in Goa

Professional Help: Your home needs to be checked for Cracks and other problems that could cause a leakage during the monsoons. Filling the cracks of your apartment or villa walls with modified water proof mortar and sealing it can help you avoid damp walls or a leaking roof.

Roof Insulation: Insulating your roof helps maintain a warmer temperature during the cold monsoons. On an additional note it also helps maintain a cooler temperature during the summers.

Replacing Damaged Tiles is a must do during monsoons lest water seeps into the house and damage the walls

Window and Door Frames: Ensure that the frames are water tight and well-sealed to avoid water seeping in from the loose areas.

Paint Exterior: Painting the exterior of the house fortifies the outer walls before the onset of the monsoons can ensure minimal damage to the interiors.

Installation of ventilators in the damp area allows for plenty of air movement around the flat and avoids moisture buildup.

Electrical Connection: Exposed wires or faulty Electrical connections can spell a disastrous catastrophe during monsoons and needs to be taken care of on priority basis.

Pests Check: the moist environment of the monsoons is a breeding ground for pests, most notoriously termites. Polish the floors and furniture and leave either Camphor or neem leaves in between clothes to keep away pests.

Going Green

Going green is definitely in trend today. More trees make for a better environment. More veggies make for a better diet and lifestyle. Whats next, Green Properties. 

Eco-homes are the catching up trend today. Numerous people in both in and out of Goa are attempting to adapt to a green life by opting for Eco homes. Using materials certified by Indian Green Building Council and adapting to Green tactics to conserve water and electricity makes for a comfortable and quality lifestyle. 

Adwalpalkars Springfields

Living today is much more than just existing, people are starting to recognize the importance of living a quality lifestyle in a clean and healthy environment. But such a life comes at a pretty cost too. Green Homes are quite the homes to live in but the construction is costlier than regular homes. The cost is about 15% more than normal and the extra costs makes home builders hesitant to construct such homes. They aren't wrong either, with property prices already hiking up in Goa, home buyers are trying to find the cheaper alternative.

Although whats missed out in this cost cutting is the long term costs of owning a green apartment or a green home. The costs of maintenance and service is more affordable than in a regular home. Not just the cost but health benefits also helps cut down the numerous visits to clinics for health reasons. 

All in all, green homes be it Apartments or villas are the best options today for a better life and comfort tomorrow.

The Idea of Collective Bargaining

Flats for Sale in Goa

Planning to buy an apartment in Goa?  A first time buyer however normally faces a feeling of being overwhelmed by the ideas and trends in attaining a home. 

From looking for an individual who has an Apartment for Sale in Goa to identifying what is the norm while purchasing flats in Goa. So how do you go from feeling nervous and perplexed to feeling a little more relaxed and at ease?

The concept of collective bargaining is your best solution.

Home buyers are today taking advantage of virtual communities for the purpose of purchasing Real Estates. The idea is fairly simple, collective bargaining. Collective bargaining is a concept where multiple buyers come together and approach developers for a group buy and get the best deals possible.

This is highly a useful concept considering and a win-win solution for both buyers and sellers as not only does the buyer get a good deal but the sellers don’t have to worry about being locked in on his project and can get a massive chunk if not all of his project sold and get his/her returns on investment.

So look out for group-buying websites like snapghar.com which offer home buyers a platform to buy an apartment in Goa at a more convenient pace.

The Sterling Residence of Panjim Goa

Among the many locations people desperately look for residences in the beautiful state of Goa, none appeals more than a dwelling that is close to a beach, with easy access to the city and other amenities. And if the residence is within a posh society, what better could one ask for. Adwalpalkar Constructions takes it a step further, by providing an apartments in Goa project which is affordable, yet not compromising on class.

The Sterling Residence by Adwalpalkar constructions consisting of some beautiful apartments for sale in Panjim Goa, delivers in class, location and affordability. Caranzalem is a favored settling spot in the recent years. With multiple projects coming up by various builders, the locality has grown from a humble village to a near posh locality housing some of the elite members of the society. This place has easy access to much of the places Panjim is famous for: the Dona Paula jetty with it's serene and scenic views, Miramar beach and the various new restaurants in the vicinity to appeal to one's palate, the Taliegao Church which has its fame for it's Portugese era architecture and ultimately, the forever busy Panjim city which is the heart and capital of Goa. 

Not just the locality, but Sterling Residence itself is being constructed with quality materials with international standards of architectural principles. The amenities & facilities being developed for residents cater to the modern day comforts and lifestyle.  

The project speaks for itself with it's impressive grandeur and design, a testament to the commitment in construction by Adwalpalkar Constructions.

For more information for Flats in Goa, visit Adwalpalkar Constructions website.