Thrissur is a thriving city in Kerala, considered the cultural capital and major financial hub. It is rapidly emerging as a preferred destination for settling down, thanks to the numerous infrastructure projects being developed. With a sudden boom in the real-estate market, the demand for residential properties has increased. If you are looking to buy villas in Thrissur, there are plenty of options available for you. If you want low-budget villas, then look for properties in a non-prime location. However, if you want all the modern amenities, then go for expensive villas. There is something for everyone at Thrissur. If you are looking for economically priced homes, here are a few tips for choosing budget-friendly villas in Thrissur.
Do your Homework
It’s important to do your research thoroughly. You have to decide many things at the outset, based on which you can search for the right properties, shortlist them, and then finalise a specific property. You need to decide:
- Budget – set a price range that you can afford. If required, you can apply for a housing loan so that you don’t have to spend everything you have right away
- Builder – look for a reputed builder who has delivered quality and affordable projects in time and has transparent and ethical dealings
- Location – check the different residential locations and shortlist a few
- Area – have an idea regarding the total area that you want your villa to be
Set your Budget
First and foremost, you need to set a budget and make sure that you stick to it. Consider your family income and expenses, your current savings and debt, and set aside money for emergencies. Accordingly, you should decide on a figure that will be comfortable for you. Try to get pre-approved for home loans, as that will give you an idea of how much loan you can get, and what price you can afford comfortably for the villa.
Negotiate the Price
Once you have fixed your budget, search for villas in that price range. You should not be afraid to negotiate for a reason the price further to get an even better deal. These tips for choosing budget-friendly villas in Thrissur will help you to land your dream home!
Save Money By Choosing Older Properties
One way of saving a significant sum of money while you buy villas is looking for older properties. Either you can get them renovated after you buy, or you can just maintain them and renovate them later. These properties may not have all the modern amenities but will be available in peak areas for lower amounts. Ensure to get an estimate from the builders in Thrissur about the maintenance and repairs that you may have to do during the renovation.
Look for Smaller-sized Homes
If you do not have a large family, then consider buying smaller villas, with fewer bedrooms or lesser square feet area. These properties will be priced lower, and could still have the amenities offered by the higher-priced villas.
Scout for Cheaper Locations
Compare and contrast the prices and look at the range of different neighbourhoods. Certain neighbourhoods may command a higher price than others, depending on popularity and other factors like access to main roads, availability of transport, markets, and so on.
Check out Villas That Need Renovation
How to save money and still buy a gated community villa. A gated community villa can be available for a lower price, either if it’s a resale villa in need of renovation, or one where the interior fittings and so on are not done. You may have to spend a little on installing the electrical and plumbing fixtures etc. but may be able to save big on the initial price.
Book Early
Booking a villa when the project is announced or when the construction is still underway can help you get villas in your budget. This is because the builder also gets funds instantly, and will gladly offer you an early bird discount. Of course, this will work only if you are not in urgent need of a residence, and are prepared to wait.
Ensure all Legalities are Followed
Go through all the documents and make sure of the following:
- The title deed is clear
- The sale agreement mentions all the terms of the sale including price, area of the villa and the parties details accurately
- RERA certificate is issued
- NOC from relevant authorities if requires
- Building tax is paid
- Occupancy certificate is issued
- Approved building plan
Conclusion
The demand for residential properties in Thrissur is high right now, and is expected to increase even further in the near future. This is the right time to invest in real estate and take advantage of the favourable market conditions, whether you want property for your own use or as an investment. Hi-Life Builders is one of the most reputed builders in Thrissur, and have delivered a number of elegant and affordable villa projects.
Check out their beautiful villas in some of the best localities in Thrissur.
Are you looking for affordable flats in Thrissur? Hi-Life Builders bring you a number of projects to choose from. As one of the foremost builders of apartments in Thrissur, Hi-Life offers modern conveniences at highly competitive prices.