Who doesn’t want to live in their own home? How great would it be to have a spot where you could take up residence and relax? We have some ideas to assist you to pick an affordable home to make it easier for you to buy a property.
Look for properties that are ready to move into.
The EMI begins as soon as you sign your loan paperwork on the dotted line. The house owner is responsible for pre-EMI until the property is inhabited. Pre-EMI does not provide you with any tax benefits till the house is occupied.
At the same time, you’d have to keep paying rent. When you have to pay both rent and EMI, it becomes a double burden. So it makes sense to seek houses that are ready to move into. This results in affordable housing.
Wait for Auctions.
As a result of the prolonged property market recession, real estate developers are being compelled to attract buyers with discounts ranging from 5% to 10%. You may be able to get a better bargain if you are prepared to do some research and legwork. Bank-owned properties are routinely auctioned off at prices that are 20-30% below market value. After the debtors fail to make numerous payments, the banks take possession of the properties. Because banks auction foreclosed homes to collect the unpaid principal and interest, they are usually available at considerable discounts.
Another affordable housing scheme is the draw of lots.
What is a Lottery Draw, and how does it work?
A game in which prizes are concealed in a container and jumbled together so that contestants can dip their hand into it and choose a prize at random.
We are, however, running an online lottery in which some winners will be able to win huge sums of money. This event will attract a large number of participants, with 50 lucky winners receiving a unique prize. But what could the reward be? You may have figured it out by now, but if you haven’t, we’ll give you a hint. At Kagaay, the majority of our work is in the sector of real estate.
So, this time, we’ve designed a lucky draw offer for covid warriors. It’s time to close the curtains.
As a consequence, 49 winners would receive up to 2 lakhs in prize money. One grand prize winner will be awarded up to Rs. 5 lakh. How can this help you in purchasing a home? If that is your question, we have the answer for you. If you want to buy a house, the prize will give you a significant discount. If you suggest this offer (Draw) to someone you know, you can earn cashback on referrals. You’ll make more money if you refer more people!
The draw of lots is currently active on the Kagaay app. Participate in the event of Kagaay Corona Warriors Draw of lots and stand a chance to get your home at the most affordable price. Download the app and participate now!
Also Read: How to buy your flat with more discounts?