How to get the best deal on a house for a loved one.
In case you are wondering, we are going to explain how to find your next home for your parents.
Home renovations, renovations for the garden, the backyard,the backyard patio, and even the kitchen and bathrooms are all things that can be done by a family of 4.
But the biggest expense for any family is the upkeep of the home itself.
There are a number of factors that can affect how much you should spend for the home.
So let’s take a look at what is out there.
The average cost of a home remodel in IndiaAccording to the National Household Survey, in 2017, the average cost per home remodelled was Rs. 18,077.
This is a substantial sum.
If you are looking for a new house for your family, you may be looking at a budget of around Rs. 10 lakh to Rs. 15 lakh.
What is the average home renovation cost in India?
The average house remodelled cost in the country was Rs 11,942.
However, this figure includes the cost of all the materials and work involved.
In 2018, the government of India released the Annual Report of the State of the Nation Report 2016.
According to this report, the cost for a home renovation in the Indian market was estimated at Rs 9,500 per unit.
While this is higher than in the USA, the real cost of remodelling a home in India may be much lower.
Even in the case of the renovation of a small house, it can cost anywhere between Rs. 50,000 and Rs. 200,000.
It is worth noting that the average number of people who will get a new, bigger house in India is in the neighbourhood of 2-3.
The average home renovations in IndiaThe average price per house in the market in India has been on the rise over the last few years.
In 2017, there were 3,622,872 properties in the National Housing Fund (NHF) for sale in the national market.
To put this in perspective, there are about 7.6 million houses in India, so a home that costs Rs. 1 lakh would only cost Rs. 7.9 lakh in the local market.
According to an NHF report, in the next five years, the number of properties for sale will reach 18,958,902.
An estimated total of 1.7 crore properties will be available for sale, which means that the total amount of new homes being sold is more than the entire population of India.
As per the NHF’s Annual Report, the median home price in India was Rs 7,000 crore in 2017.
Now, you are probably wondering how the average house prices in India are so high.
Well, this is because there is a massive supply of properties.
According a report published by the Planning Commission of India, there is currently a shortage of 5,547,979 houses in the entire country.
That is, there was a total of 5.5 crore vacant homes in 2017 (which is more then the total number of vacant properties in India).
There is also a large amount of vacant land.
Given this, the Indian Housing Board is planning to sell 1.3 crore houses in 2018.
Is it worth buying a house?
The answer is yes.
You can buy a home for the right price.
In the case that you are in the planning stage of your home project, you can choose from a wide range of properties available in the real estate market.
The most popular homes are in high-rise residential buildings.
For instance, the top-end house available for purchase in the area is a two-storey house with a floor space of about 500 sq ft.
Similarly, a three-storeys house will cost you between Rs 12 crore and Rs 25 crore.
Another popular property is a one-storeyt house.
This house is available in urban areas as well as rural areas.
Lastly, the best value houses in our market are the townhouses.
They are very affordable.
In fact, in our townhouses market, there can be a house cost of as little as Rs. 20 crore.
These are just some of the popular properties available for you to consider.
The number of houses in this market is staggering.
A house can be as large as two or even five stories tall and has a ground floor of up to 5,500 sq ft, and a rooftop area of up and over 5,000 sq ft and a total floor area of over 8,000 square feet.
One of the main advantages of buying a new property is the possibility to build your own home.
If you have not considered this option, you should definitely do so.
How to find the best house