Every person has, at some point in their life, dreamt of owning their own home. Buying your own house can be a very emotional process. People dream for years and years and work hard to save up and buy their own home. Now, in 2021, buying a home is not just a realistic target, but also a strategic one.
Right now, with the new and affordable housing policy, prospective homebuyers can turn their dream into a reality. On top of this, there are also slashed stamp duties and reduced interest rates. Furthermore, with support from the Finance Minister’s stimulus package, now is a good time to invest in the real estate sector.
Drop in Prices
Due to Covid-19 and lockdown restrictions, less people were buying houses, and the real estate market experienced a crash. With cities now opening up, developers are looking to sell more properties by luring customers with attractive discounts. So, with real estate prices at a massive low, buying your own house in 2021 before prices go up could be a smart financial decision.
Advancements in Technology
Advancements in technology mean that you do not even have to put yourself at risk and visit a site. With advancements in 3d mapping, you can simply explore your house virtually. Developers are focusing on digitalising the selling process of real estate. You can have virtual tours and view whole floor or house plans, even in 3D. So you can decide and explore houses to see which suit you best, without stepping out of the comfort and safety of your home.