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Owning a home should be a well-thought and well-planned decision for all of its lure and sign of success – it is not a great feeling to own a home but feel the pinch each day
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Ownership Of A Home Is A Sign Of Success Real Estate is a prime asset and one that usually does not diminish. For example a 1BHK apartment in Bangalore today costs around ₹20 Lakhs and the same over a period of time is likely to see an escalation in valuation than diminishing. Therefore, ownership of a home is a well advised investment that one can make. Having your own home means various things to various people. However, to those living in rented accommodation it is a sign of success & achievement. It gives them a sense of freedom and belonging. As India’s leading IT-destination Bangalore sees a considerable amount of migrant population move into the city for the purpose of finding a job. Mostly this population settles down into rented accommodations. However, as the years roll by and there is a greater feeling of home in the city, you definitely would like to have a home of your own. Bangalore is one of the prime real estate markets in India. There is an increasing amount of inventory available for both 1BHK Apartments and 2BHK flats in Bangalore with attractive home loan options on offer. Having arrived in Bangalore as a migrant and then scaling the corporate ladder of success is a considerable achievement. While workplace achievements might be limited to the office itself, home ownership gives you a sense of social achievement. It is being accepted into the social fabric of the city and deriving a feeling of oneness with the place of your residence. Owning your own home gives you the freedom from rents – which can be saved and channelled into servicing a home loan – as well as allows you to make those special moments even more special. Your anniversaries, birthday of the children, or simple times of just staying home and having a family meal. Each of these moments become more precious and enriching when it’s in your own home. Even in terms of social standing having an own home shows your stability and responsibility. While a rented accommodation is not demeaning it still leaves scope for you to be a nomad. Hopping from one place to another – frequently – belies all sense of stability. As you advance in age it is expected that you are willing and able to settle down. The carefree days of the youth giving space to the matured understated success reflected in the surroundings of your own home. Finally, owning a home should be a well-thought and well-planned decision for all of its lure and sign of success – it is not a great feeling to own a home but feel the pinch each day. Save enough to meet the down payment, plan well to be able to service the EMI, and have enough left to be able to live comfortably within your means. Missing even one of those links can be disastrous and what should be a sign of your success could end up being an epitaph of your failure to plan and prepare!