4 REASONS WHY APARTMENTS WITH LARGE GLASS WINDOWS ARE AWESOME

Windows are the visual access to the outdoors and literally the charm of every apartment. They allow in natural daylight and can provide fresh air and air circulation. Nowadays, the most sought after trend in designing windows is the use of large glass windows or floor-to-ceiling windows that provide an extraordinary appeal to any home.

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Here are few advantages of having large glass windows in your apartment

1. Plenty of natural light

Offering a stylistic method to let in ample amount of natural light and sunshine, large glass windows illuminate the room with warm hues. And a room flooded with natural light can always improve one’s mood and boosts one’s energy. Along with being an excellent inlet of sunlight, large windows also help cut down the power consumption.

2. More fresh air and breeze

Tall windows offer a healthy advantage of welcoming in fresh air into the apartment to retain a refreshing ambience. The cool breeze flowing in also makes the stale air to move out for a hygienic interior. Large windows facilitate healthy living and a relaxed mind and body with their unparalleled benefits.

3.Enjoy great outdoors

Unobstructed picturesque views and serene landscapes are another offering of floor-to-ceiling glass windows that make every morning and evening extra special. Large windows help one revel in the magnificence of the outdoors even while staying indoors. And if the apartment is surrounded by scenic views, more the magic large glass windows impart.

4. Functional art

Large windows are functional art items that aesthetically emphasize the interiors. Beautiful windows are pleasing to look at, make a room appear bigger and add value to a home in the event of resale.

Also read: BUYING A HOME? KEY FACTORS TO KEEP IN MIND

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BUYING A HOME? KEY FACTORS TO KEEP IN MIND

If buying your dream home is at the top of your wish list, there should be certain factors that you must keep in mind before the final plunge.

Buying a home is everyone’s dream. It is a long-term commitment and a lifetime of savings that goes into purchasing a house. Thus, the decisions you make in the home-buying process can make a big difference between a home that is a blessing to your family for years to come and a home that becomes a financial burden.

Altogether, a Pros and cons of buying a property near the Airport home purchase should not become a stressful, and draining experience. Rather, it should be a lot of fun.

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Below are a few factors to consider before making the big decision:

1. Credibility of the developer: developer’s financial and project card report is crucial. Most information about the developer can be obtained online on their website which comprises complete information pertinent to their ongoing and past projects. This can go a long way in ascertaining developer’s market reputation and also help understand their product portfolio. Research and ground work can help in choosing your dream home.

2. Locality: Whether you are planning to invest or buy a home for end use, location of the property plays a very important role. It also becomes a deciding factor whether you should buy that house or not. For instance, distance between the nearby market and your home is very crucial. Other questions you should address are:

• What is the travel time to work and back?
• What about the infrastructure in that area?
• Is there a regular supply of water and electricity?
• Is there sufficient public transport?
• How many hospitals are there in the area?
• What about the distance of schools from the property
• If you have a vehicle, does it have ample parking space?
• What about open spaces if your building is in a township or a complex?
• What about the available amenities?

Also, do check on the social infrastructure like malls, multiplexes, restaurants in the vicinity of the project.

3. Security: If you are staying with family, then this factor takes precedence. Most home buyers consider this as a very important factor. No one would like to buy a property that is situated in a crime zone. Some properties also offer CCTV security monitoring to prevent any serious incidences.

4. Are you financially ready to buy a house: Buying a home is probably the biggest purchase you will ever make. Are you sure that you are ready? Answering these two questions will help you know.

Additional tips for young buyers

Be a well-informed buyer prior to investing or buying a home either for yourself or your family. Information is always readily available provided you know where to look. Here are some suggestions for young homebuyers before taking the plunge.

Know your rights: Today, Real Estate Regulatory Act (RERA) aims to bring in transparency and protect the interest of consumers. When searching for homes online or offline, it is important to see if the project is RERA-registered or not. Most developers will highlight their respective RERA numbers on their projects. These numbers will correspond against the state the project is based on. For example., properties in Maharashtra state are prefixed with “MahaRERA” followed by the number. A RERA registered project gives you the security against delayed projects and other fraudulent practices from the developers.

Maintain your credit score: This is the first thing any financial institution will check when applying for home loan. Hence, it is important to maintain your credit score. Make sure you pay your credit card bills and other loans on time. This will instil banks’ confidence in your ability to make timely payments. A healthy credit score will also make it easier for you to apply for a loan. Monitor your CIBIL scores regularly. Most banks do not offer 100 percent loan. The percentage may vary from bank to bank, so you will have to ascertain the down payment amount required before hand.

Understand the home loan procedure thoroughly, the documents that are required, lock-in clauses, exit penalties if planning to foreclose your loan before the final year.

“Not having too many credits like bike, personal or car loans, or large credit card balance, will demonstrate your ability to handle debts efficiently. Make sure you have resolved most of your existing debts since home loans will take a large portion of your salary”, shares, Rahul Nahar, Founder, Xrbia Developers Ltd.

Also, consider your capacity to repay your loan and examine the tenure closely. How long do you intend to pay? Sometime, a longer tenure may not always be helpful. If you have the capacity and the financial strength to pay off your home loan in a shorter tenure or foreclose it prior to the final year, then it is strongly recommended to do so.

Factor the total costs: There are instances when there are multiple costs associated with property purchase. When making the down payment, it is important to know about all the additional costs. Do a thorough check on the taxes that you have to pay, the advance parking charges, initial maintenance charges, and club house membership, etc.

Continue investing:Do not let the home loan be a dead end for alternate investment options in other markets. If you can, invest in other markets like mutual funds, stocks or anything suitable to your financial portfolio. This works as a backup in case of any unforeseen emergency. It is also beneficial if there are multiple earning members. For instance, in the case of husband and wife, if either of the two are paying the entire home loan, then the other can concentrate on generating a secondary source of income. This secondary income can be used to either generate savings for emergency and/or for making additional payments to your existing home loan

Also read: HOW TO PICK AN ARTWORK FOR YOUR HOME

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REAL ESTATE HOME LOAN TIPS - THINGS TO KEEP IN MIND UNTIL YOUR HOME LOAN IS SANCTIONED.

While securing a home loan may not be a daunting task, it certainly is no cakewalk. And, after all the hard work you have put in to secure the loan, you would not want your bank to refuse you the services, citing reasons you thought did not matter.

This is why before you plan to go to banks for a home loan, there are many dos and don'ts you have to follow.

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Dos and Don'ts

Avoid job hopping

A loan grant is all about money and your stable job and a regular income are the foremost factors that decide your loan eligibility and credit worthiness. So, refrain from job hopping, if you have applied for a home loan, even if the opportunity seems bright. Remember, as part of the loan appraisal process, your lender will confirm your job stability from your employer and any frequent job changes would score negative. Your application can stand rejected if you have changed your job often within a period of one year.

Avoid residence hopping, too

You may not have given it much thought but changing your residential address while you have applied for a home loan may impact your chances in a negative way. All the important documents and written communication would be delivered at the address that you may have mentioned in the application form. The same address will be verified by an outsourced agency of the lender, too. The report thus generated on the basis of agency's visit has to be positive for the loan to get sanctioned.

No more credit, please

An applicant must avoid taking any other loan or credit while applying for a home loan. Apart from the very fact that it will increase your monthly burden, one more credit means lower eligibility for home loan. In calculation of your home loan eligibility, your running loans are also taken in to account. Even if you apply or avail of a loan/ credit after you have applied for a home loan, the same will be reported in your credit report and hence, reach the lender.

Long and clean credit history is good

A long and clear credit history actually helps your lender have a better idea about your repayment behavior and credit worthiness and can improve your chances of securing a loan. This is why closing one of your old credit card accounts, especially if it has a clean repayment track record, may be a silly decision.

Stop bounces

A cheque bounce is a financial offence. It can have a negative impact on your home loan application, especially if your processing fee cheque gets bounced. An applicant must ensure that he maintains minimum average balance or sufficient amount in his bank account and irregular or unusual bank transactions must be avoided.

Also read: REAL ESTATE HOME LOAN TIPS AND 3 MOST COMMON QUESTIONS THAT HOME LOAN APPLICANTS ASK

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HOW TO PICK AN ARTWORK FOR YOUR HOME

Choose a piece of artwork that you love

The thumb rule in art selection is that it should be something that you love. Now, to choose a piece of artwork that you love ask the following questions:

- What does the art piece exactly say?
- Is this art the focal point or an accent piece?
- Does the mood of the art compliment the décor of the room?
- Is it an extension of your personality?
- Will you be okay if you have to see it every day?

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Answers to these questions will help you make out whether you love a particular piece of artwork.

Size Matters

Another important factor in deciding the artwork for your home is the size of the artwork. Take the measurements of the space where you want to position it. This will help you make the right choice. Ensure that it perfectly fits over your bed, mantle or sofa.

Does Your Budget Allow?

Usually, the value of the art determines the price it commands. However, expensive doesn't need to be your pick all the time. For instance, you may love a beautiful painting made by your child. You could simply frame it and hang it on a wall. Also, these days you will find many options available online that help you choose an artwork without breaking your piggy bank.

Does it match the style of your room?

The artwork in your home must compliment the overall décor of your home. Choose neutral hues with a more subtle design for a home having a traditional décor style. Alternatively, for contemporary designs go for bold and bright colours.

Here are some ideas for selecting an appropriate piece of art for different rooms in your home.

For your Living Room

Adding a piece of art in your living room is a perfect way to add grace to the room. An abstract art in your living room can really add to the overall grace. If your budget allows, place a sculpture in your living room. This will give a seemingly richer look to your home.

For your Bedroom

Bedroom is a place for rest and rejuvenation. Thus, it is important to have an artwork that creates a soothing effect on you. For instance, choose a painting of a deep ocean. You can place this painting right above your bed. Alternatively, take two small paintings approximately of the same size and put these above your bed side tables..

For the Bathroom

Normally, it is the last place where one would think to install a work of art. But, it is a great option to improve the aesthetic appeal of your bathroom. An abstract art in light colours could compliment the space.

Also read: 15 DIY ECO-FRIENDLY HOME IMPROVEMENT IDEAS

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REAL ESTATE HOME LOAN TIPS AND 3 MOST COMMON QUESTIONS THAT HOME LOAN APPLICANTS ASK

The documentation process for home loans can be harrowing for many applicants. The voluminous paperwork can sometimes be very puzzling, thanks to the multiple caveats built into these documents.

It helps you understand why the bank/home loan corporation seeks these papers from you and the purpose they serve.

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I am highly credible. Why then do I have to furnish so many documents?

Home loan processing is a detailed exercise that requires a careful review of many documents. The basic idea is to understand you and your financial standing to ascertain how good a business decision, or otherwise, it is to lend you money for a long term. A good credit score does not mean you can escape the paperwork.

To a very large extent, however, it is in the borrower's hands to be sure of analysing the need and presenting each document for smooth and quick processing of the home loan. It is crucial for the customer to be well versed and aware of the bank's processes and procedures.

My friends and family have filled out home loan applications earlier. Why do I have to give more/different documents?

There are several documents required to apply for a home loan, and these depend on certain key factors.

Your profession

Applicants come from a wide variety of professions and the requirement for one profession could be different from others. There are five main categories of under which the professions are classified:

- Salaried employees: Designers, managers, teachers, public servants on payroll, Navy personnel, etc.

- Self-employed professionals: Traders, businessmen, etc.

- Self-employed non-professionals: Doctors, consultants, freelancers, etc.

- Pensioners: Defense personnel (those who retire before attaining the age of superannuation)

- Exceptional parties: Association of persons, Hindu undivided family, trusts, etc.

Type of Loan

Even within the broad housing loan, there are several sub-classifications on the basis of the purpose of the loan sought for. And, the processes for each are different. The types of home loan are:

- Loan for purchase from developer
- Loan under resale
- Loan for construction
- Loan for plot
- Loan against property
- Loan against rent receivables
- Loan for renovation of existing house
- Loan for balance transfer (from other bank)

Past repayment record

A borrower with a clean past record and a good Cibil score requires to submit fewer documents than the one who has a lower Cibil score (say less than 700). The past records are judged on the basis of the following criteria:

- Standard asset or loan: The payment is made within 30 days

- Special mentioned account: The payment is delayed and the account moves from the bucket of 30 to 60 days and finally to the bucket of 90 days.

- Sub-standard asset: Payments are made after 90 days.

- Doubtful: Payment has not been made for 12 months

- Loss asset: The loan has been identified as uncollectible

Is there a standard home loan document checklist based on specific professions?

Yes, here are a few example of specific professions and needs:

A teacher seeking a loan for purchase from a developer

- Loan application form completely filled and duly self-attested
- KYC documents (PAN, driving licence, passport, voters' ID, etc)
- Proof of income (pay slip for last three months)
- Form 16 (for two years)
- Bank statement (for past six months)
- Income-tax returns (last two years)
- Repayment track of running loans
- Supporting documents in case of sub-standard assets (i.e. running loans)
- Registration copy of the builder purchase property
- No documents required for legal and technical valuation
- Processing fee cheque

A designer seeking loan for resale property

- Loan application form completely filled and duly self-attested
- KYC documents (PAN, driving licence, passport, voters' ID, etc)
- Proof of income (pay slip for last three months)
- Form 16 (for two years)
- Bank statement (for past six months)
- Income-tax returns (last two years)
- Repayment track of running loans
- Supporting documents in case of sub-standard assets (i.e. running loans)
- Documents for legal and technical valuation (Chain of title deeds, sale deed, original papers of property, no-objection certificates, agreement to sell, copy of approved plan, no encumbrance certificate)
- Processing fee cheque

A trader seeking loan against property

- Loan application form completely filled and duly self-attested
- KYC documents (PAN, driving licence, passport, voters' ID, etc)
- Income-tax returns with computation of income (for last two years)
- Profit & loss account and balance sheet audited by a chartered accountant
- Bank account statement (both savings and current) for last two years
- Repayment track of running loans
- Supporting documents in case of sub-standard assets
- All original property documents
- Processing fee cheque

A doctor seeking balance transfer

- Loan application form completely filled and duly self-attested
- KYC documents (PAN, driving licence, passport, voters' ID, etc)
- Bank statement (for last two years)
- Certificate of profession
- Proof of business existence
- Copy of shop/establishment licence
- Income-tax returns with computation of income (last two years)
- Profit & loss account and balance sheet audited by a chartered accountant (for last two years)
- Processing fee cheque
- Letter of outstanding amount of loan with the previous bank
- Repayment track of the loan with the previous bank
- Sanction letter of the loan with the previous bank

Also read: WILL GOVT'S HOME LOAN SUBSIDY SCHEME BENEFIT YOU?

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TIPS TO DECORATE YOUR VACATION HOME

In order to escape from the city's hustle and bustle, a vacation home lends much-needed respite from a stressful life. Wherever you have your home, whether in the mountains or near the sea-side, the décor has to be completely different but at the same time reflect your signature style.

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Durable linen

When doing up the interiors, make sure that fabric for both linen and upholstery is durable. Invest in high-quality cotton that is easy to clean and maintain. What more? Cotton is perfect for every season. Make sure you have the right equipment stored at this home to clean the linen and upholstery that might gather dust over time. Opt for bright colours, hues that complement the weather outside. For linen, opt for pastel colours that are pleasing to the eyes and are known to relax the mind.

Functional furniture

Being in the middle of nature you would want to stay outside more — in the courtyard or the balcony. So, opt for more functional furniture which is not just beautiful but can also withstand harsh weather conditions, including cold, humid as well as the rains. You can also opt for a single set of furniture that could be used both outdoors as well as indoors. For instance, invest in folding wooden chairs and table set, ottomans, bean bags, and even bar stools. A high-quality wood would be perfect for this purpose.

Minimal yet statement

Away from your city home, make sure you make this home minimal. Do not fill this property with too much of decorative items. The more things, the higher the need for maintaining them. Be minimal, let the feeling of leisure seep in. In fact, for this property to look different from your city home, add only a few statement pieces that would make you feel relaxed and rejuvenated.

Crockery to serve many

Many a time, we go on a vacation with our extended family or friends. It is fun to travel in numbers. And, it is even more fun to cook together, serve together and eat together. Well, to cater to a number of guests, make sure your vacation home is well equipped with required essentials and crockery. You won't find these things on a hill-top or on a beach. Invest in bigger utensils that could cook a good amount of food, and a set of crockery that is big in number. Make sure you have all that you need — from glasses to forks, and from spoons to cups.

Open spaces

Leisure is the bottom-line of any vacation home. The idea is to get away from the crowded city, and a limited-sized apartment. So, to ensure you breathe well, think well and feel relaxed, have a lot of open spaces in this home. Have sliding glass doors that open to the balcony, which mix the exterior with the interiors when kept opened. Construct an open-style kitchen this will make your living room look bigger and feel spacious. Also, to add more, create a skylight on the ceiling and enjoy stargazing at night.

You could also consider these:

- Mason Jar Flowers

Easy to find Mason jars are a budget friendly decor item. These can be used to create a colourful garden right at the door steps of your vacation home. Alternatively, you can hang mason jars full of colour-dyed dried flowers on the wall. The colourful flowers will add a fresh feel to your vacation home.

- Wood Framed Mirror

An old wood framed mirror is a great décor item to add character to your vacation home. You can place it in your bedroom or living room. Try to go for wood framed mirror that will give a natural feel to the home. Now, place this on a white coloured wall. Keeping a flower pot near the mirror will create a beautiful colour contrast.

- A Small Rustic Table

Furniture plays a great role in determining the final appeal created by the vacation home. A small rustic table placed on a wooden floor is an ultimate décor item for a vacation home. You can adorn this table with antique flower vase or picture frames.

- Wood Framed Mirror

A rustic coffee mug holder is a great way to adorn the walls of your vacation home. For creating a rustic coffee mug holder take a piece of palette. Spray some paint over it. You can also write an inspiring quote over it. Now, add some hooks to the palette. Your rustic coffee mug holder is ready and that too without too much of investment.

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Source: MAKAAN.COM