How To Choose the Best Affordable Flats in Trivandrum
Everyone desires to own a roof of their own one day, a home to call their own. The COVID pandemic was a wake-up call for many people who had been caught slumbering on the fence, undecided till now. While it’s true that buying a home is a capital-intensive investment, there are ways to own a home of your own without breaking the bank balance!
The most crucial step to buying a home is to prepare a budget – and stick to it. You will first need to save money for the down-payment, which is usually 20% of the total cost of your home. Just as Rome wasn’t built in a day, building up your down-payment will also take a little time. In case you are opting for an under-construction flat in Trivandrum, know that you will need to be paying EMIs on your home loan as well as your monthly rent, so you need to budget accordingly. Even when you move into your new home, you have to factor in utility charges, monthly amenities charges, etc., along with the EMIs. Keeping so many bills in mind, you will have to keep a careful rein on your expenses. Here’s a look at some ways to choose an affordable flat in Trivandrum that will help you fulfill your desire of becoming a homeowner:
To prevent running into financial troubles, you have to budget carefully for your monthly expenses. Sit down with your spouse and decide how much you can afford to spend on monthly groceries, bills, EMIs as well as your emergency fund/retirement fund. All this will give you an idea of the kind of home you can afford to buy.
Just because you are a young family today, doesn’t mean you should opt for a small home. Go for a flat that can accommodate the needs of your growing family too.
Just because a home has been labelled as a budget-friendly home, doesn’t mean that it will be just four walls with the bare necessities in it. Keep in mind that there are affordable luxury homes too. These affordable flats in Trivandrum are carefully crafted to cut down on unnecessary corners and expenses, but still provide excellent interiors and use only quality materials. Such homes are usually built on cheaper plots to bring down the total cost of the flat, making them more affordable.
When buying an affordable flat, go with well-known builders as they are more experienced with the knowledge of ways to bring down the cost of the flat – without compromising on its quality. After all, they wouldn’t want to jeopardize their reputation.
It’s a given that flats located a little away from the congested city center are also more affordable in the pocket. This is because the land is less costly as you move away from the city center, thereby making the home more affordable. For those looking to buy affordable flats in Trivandrum, look for projects that are located a little further away. Aside from this, the location should also offer easy connectivity to your workplace as well as other places of importance.
Big brand builders like Sowparnika have a number of delightful apartment and flat projects spread out in key locations in Trivandrum. You can choose flats from anywhere between Pappanamcode, Mukkola, Thycaud, Akkulam, Ulloor, Sreekaryam, Kulathoor, Technopark area, Kazhakoottam, etc. – and there will definitely be something that tugs at your heartstrings here!
Do come and have a look!