As we move into 2022, some good reasons to start investing this year. Investment is a powerful tool to build wealth. The more you start early, the more you will get the benefit of investing. If you plan to invest, then here is the round-up of the best advice to make progress in the coming year. Prior to investing, knock out the debt and check your savings before investing. Invest intentionally, like if you are planning for a business, then raise funds and if you are planning to invest in the home, then estimate the amount needed for a down payment.
When your new year resolution is home buying
It is not enough to set a new year resolution for home buying, but it should be followed by a workable plan to achieve the goal. Proper knowledge, planning, and strategies are required to make the resolution accurate. The best way to begin the process is to do research:
Check out reputed builders, their projects. Explore the locality of the project. As digitization is very much in the real estate process, check brochures, watch product videos online.
Visit the product’s website to get detailed information on the configuration, floor plan, amenities, and conveniences they are offering.
You can do the preliminary investigation from the comfort of your home.
Benefits of investing in real estate
Property tax is at an all-time low, and national, and state governments have issued plenty of tax benefits. RBI has reduced Repo rates. Home loan interest rates are all-time low. The Maharashtra government has lowered the stamp duty from 5% to 2%. For women home buyers, there are added advantages of tax benefits. If home buying is on your resolution list, it is the right time to enact it.
Few more tips to make the investment successful
1.Keep initial down payment as low as possible. Make your loan tenure short.
Cancel credit cards if you have any.
- Take insurance to keep yourself financially on the safe side.
- Take into consideration taxes, bills, renovations before making the final decision.
- Explore the property thoroughly before investing.
We hope these tips will help you make your new year resolution of buying a home a successful endeavor. If you are looking for property in Wakad, do not look further than Bonheur in Wakad. Engineers Horizon developed the property. Known for offering innovative projects, their latest offering Bonheur in Wakad is no different. Set in the lovely green backdrop of Wakad, Bonheur offers easy access to a number of important destinations like the upcoming metro station, and Hinjewadi IT hub. These investment-worthy 2 BHK apartments for sale in Wakad available are worth exploring.
Come to Bonheur Wakad, make your dream home come true this year.