Why paying for Home Loan Installments is far better than Home Rental

Paying little more for Home loan installment is far better that rental. As it’s not just define your well-being but also gives you and your family the security for life!

We know purchase your own home is not hanky dory but if play wisely you will safe in term of security and investment for future. With the blessing of genuine home loan lenders companies it’s possible to buy a home. If you maintain a better credit score, you can avail the best home loan lending offers at low interest rate.

Here we enlighten the major benefits of having your own house.Foremost benefit of having your own home is you have the sense of security and ownership. Your family is sharing their memorable moment in their own home. Isn’t that a great feeling?

 Rates of property rates are rapidly increasing with time that we can see in last two decades and it is only going to move upwards.  Even staying on rent cannot be a permanent option, the amount you spend every month on home rent can be your EMI.

 (If you need some tips on getting a home loan, read our blog Home Loan Guide – What to do or not do?).

With changing trend in the salaries, it’s possible with the fact that home loans are no longer a terrifying aspect. Assets and liabilities are good investment and requirement, property rates are rapidly increasing with urbanization and economic development.

 These reasons not only sum up the need of a home but also make it look beneficial for the future.

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Home Loan Guide – What to do or not do?

Getting Loan for purchasing home was not popular as before, but every person required home loan in their life.  There are numerous home loan lenders companies, with different sales strategy and norms.  One has to prune a lot of the lenders that he/she will be considering to deal with.

Since the offers given by loan companies are based predominantly on person credit history, therefore

If you maintain a better credit score, you can avail the best home loan lending offers at low interest rate.

There are certain subjects to consider before applying for home loan, such as the pre-closing costs, points and other added costs.

Must assured about the accurate amount before giving commitment to the lender as several time people will have to face hidden charges.

While the paper work is being processed, make sure the charges you're not getting pay for anything extra. After a certain period of stay in your home, depending upon the prevalent economic situation, interest rates keep varying. There are several details that may add-up to your financial burden like additions/alterations to the home.

List of Top Housing Finance Companies in India

Housing Development Finance Corporation Limited (HDFC)

The Housing Development Finance Corporation (HDFC) was introduced yourself India's first private sector housing finance company in 1977.

State Bank of India Home Finance (SBI)

State Bank of India is also a most important player in the Indian housing finance market. SBI offers housing loan for a variety of purposes such as new house/flat, renovation/ extension of existing house etc.

Housing Urban Development Corporation (HUDCO)

HUDCO offers housing loans for the buying/constructing house/flat,                renovation/extension/alteration of existing house/flat.

LIC Housing Finance Limited

 LIC Housing Finance is one more key player in housing finance sector in India.

ICICI Home Finance Company Limited

ICICI is the third largest housing finance company in India

Can Fin Homes Limited (CFHL)

Can Fin Homes Limited is one bigger player in the Indian housing finance market with an wide network of 40 branches.

PNB Housing Finance Limited

PNB Housing Finance Limited offers a wide series of loans for purchase/construction of property to resident Indians as well as NRIs

Dewan Housing Finance Corporation Limited (DHFL)

Dewan Housing Finance Corporation Limited is one of the largest housing finance providers in India with broad network of 74 branches, 78 service centers and 35 camps spread across the India.

GIC Housing Finance Limited

GIC Housing Finance Limited, one of the leading housing finance companies in India.

Top 7 Causes of residential house fires

A house can easily grasp fire from the abuse of appliances and other equipment, smoking in bedrooms. However you can take actions to avoid fire in home and make sure the safety of your family. We notify you about some of the most common causes of house fires and some tips to take protection

Cooking Equipment

 When a pot or pan overheats or splatters greases, it can take seconds to cause a fire. Stay in the    kitchen when cooking, especially if using oil or high temperatures.

Careless Smoking

Use large, deep ashtrays  never place an ashtray on or near anything that will burn; and check furniture for fallen cigarettes

Electrical Equipment

you have to disconnect one appliance to plug in another; cords or “octopus” outlets fuses blow or circuit breakers trip frequently.

Heating Equipment

Keep portable heaters at least one metre away from anything that can burn and don’t use your heaters to dry shoes or clothes. Install a carbon monoxide alarm to alert you to deadly carbon monoxide gas.

Candles

Keep candles in a powerful holder on a level surface, away from flammable materials and children and pets.

Children Playing with Fire

Kids may be involved in fire play if you find matches or lighters in their room.

Inflammable Liquids

Don’t store flammable liquids near a heating source store them outside the home in a cool ventilated Area.

( TaruchayaResidency )

How to Protect Your Home From Natural Damages

Home safety should be one of your top priorities. Although there is often little that can be done to prevent a natural disaster, people can take steps to reduce the effect that of natural disaster on themselves and their property. It is important to know how to prepare for the several threats from nature. Not only will this save your property from damage, but it may also help to save the lives.  (  Taruchaya Residency  )

How to protect your home from cyclone

• ·               Brace your garage door to prevent more-extensive damage.
• ·            Broken windows can let in wind and rain, and they can also increase the pressure under the         roof.
• ·                Protect your roof .inspect your roof tiles or shingles to make sure they are secure
• ·                 Trim your trees. Make sure that there are not any dead sections on your trees threatening the home
• 
  

Wind

• ·         Cover windows and doors.Consider installing steel or aluminum storm shutters on your windows.
• ·         Remove trees too close to the home.Make sure trees sit far enough away from your home to prevent damage if they fall.

Water

• ·         Check hoses on a regular basis.  checking hoses that lead to your washing machine, dishwasher, and   refrigerator on an annual basis.
• ·         Check showers and tubs. Make sure the caulking around your showers and tubs are watertight.
• ·         Know where and how to shut off your water main. If a pipe suddenly bursts in your home, it is important to know how to shut off the water supply.
• ·         Install floor pans. Consider installing floor pans under your appliances.

lightning

• ·         Protect Electronics from Severe Weather. lightning hits your house or nearby power lines, it can follow the wiring or phone lines into your home.
• ·         Reduce the Risk of Fire.You might want to consider protecting an entire building. Lightning rods protect a building from catching fire, not from electrical surges.
• ·         Understand Lightning.When lightning hits the ground, a tree, a tower or even a building, it doesn’t go straight down but usually spreads along the ground first

flood

•   Safeguard in-home electrical and climate systems .Modify your water heater and any other        anchored indoor equipment so that it sits above your property's flood level.
•   Modify water valves. install an interior or exterior backflow valve.
• ·         Determine how water flows around your house

 Other tips of protection

• ·         Clear gutters, drains and downspouts.
• ·         Move furniture, rugs, electronics and other belongings to upper floors, or at least raise them off a ground floor.
• ·         Shut off electricity at the breaker panel.
• ·         Elevate major appliances onto concrete blocks if they're potentially in harm's way from flooding.

10 things you must check before buying home

Buying a home is one of the biggest decisions. there are some very important things that should be checked before buy a new home. Here are 10 things to check before buying a house.

Indoor-outdoor flow.  this is important to you, look for sliding glass doors leading from the main living spaces to the outdoors.

 Interior layout.  the interior layout, or floor plan, can have a big effect on your daily life.

 Window size and placement.  look for a home with ample, well-placed windows

 Amount of natural light. This is a big one, overlook when attending open This will give you a fuller picture of what the light is like in the home.

Staircase steepness and length.  you plan to age in place, a long, steep staircase may not be the best feature.

Architectural details.  like exposed beams, beautiful molding and mantels, will make your home look even better.

 Heating and cooling systems.   good heating and cooling systems will make life much more pleasant.finding a home where it’s already in place

Kitchen features.  things to consider in the kitchen include its shape ,natural light, number of sinks, storage area and size.

The neighborhood. . But you may also want to look into how walk able neighborhood is, what community amenities are nearby.

Finding the Right Size Home   determine the ideal size for your family.( Taruchaya Residency )