The dilemma with choosing the right size home
The festive season in India is marked by high spending throughout the country. While many opt to invest in gold or electronics, others take the plunge and book the home of their dreams. This year is no different. The ideal repo rate, increased spending capacity and flourishing real estate, has propelled many Indians to book their first, second or investment home. The current market trend highlights that people are choosing spacious homes this season, in the aftermath of the pandemic. That raises a question. Do you really need a bigger home? What’s the ideal home size? What other factors should one should consider before making the spend? Read more about this below.
- Figure out which home size best suits your needs
To start off, understand how large a home you need to fit your lifestyle. What are the number of bedrooms and bathrooms required? Do you really need two master bedrooms or is one enough? What is the kitchen utility area? How many people will permanently reside there? Do you plan to upsize again in the future?
Understand all the answers to these questions before you decide on your choice.
- Select a floor plan according to your lifestyle
Needs and styles differ with every family. While zoning in on your options, consider the floor plan and how it flows. Do you work from home often and need an office? If investing in an independent house, is the formal dining room space required?
It makes more sense to invest in a home that gives you space in the areas you spend the most time. For instance, your living room, or bedrooms, the balcony, and maybe a gym and utility area. Opt for a home that’s designed for maximum functionality and use of every inch of space.
- Assess your finances
Ultimately, you want a home that not only meets your needs, but simultaneously doesn’t put a strain on your budget. Each buy or upgrade usually involves a new home loan, which is structured such that you are mostly paying the interest component for the initial EMI years. A home also brings along utility costs, stamp duty charges, and furnishings
And lastly, the most important thing to keep in mind before making the purchase is how much will it cost you every month to run the home? If it fits decently in your monthly pay, you have found the perfect fit!
Buying a home is among the most important decisions of your lifetime. Your individual needs must be given the most importance, when deciding on the right home for your family. Let your requirements, needs, and pocket be the guiding light, so that you get a home where you find a good night’s sleep and your family finds space to thrive.
At RGS Realty, we build perfect homes rooted in goodness. Our recent project, RGS Forte, is an exclusive & luxurious 3 BHK tower located in Wakad, that lives up to every need and requirement. Its ideal size, fine amenities and optimal price promise you an exquisite lifestyle. To know more, visit https://www.rgsrealty.com/
