Homes be Made more Affordable?
Homes are always sweet whether it’s your own home or you are living in a rented house! The reason is simple as well. It provides you the shelter that your heart yearns for. It has the love that nurtures and nourishes you and your family and helps all of you to grow physically, mentally, emotionally and economically. But in this, how important is it for you to have your own home or does it make a tentative difference if it’s a rented house. Does it really have a bearing on you and your family’s well being? Here we have the answers.

It Instills more Stability
A house of your own helps in many ways as it provides extra security and stability to the family and keeps the children away from any insecurity whatsoever. Not only does it fetch the basic human need, but it also has a huge contribution to the well being of the parents and the children. Research studies conducted has revealed that children living in their own houses perform better in school and there are lesser chances of experiencing a disruption in education due to unwanted shifting of accommodation.

Lesser Stress Levels
An affordable home that is their own reduces stress levels of the family and studies indicate that it leads to good health, both physical and mental. A house of their own frees up budgets for the family to spend on other essentials like food and health care which provides better nutrition. A house of one’s own reduces the stress arising out of the risk of foreclosure and eviction which in turn renders more security and leads to lesser physical and mental health problems which result into reduced absenteeism at work.

Helps Economic Improvement
Affordable homes are instrumental in making the community economically stronger. Availability of affordable homes in a particular city would attract employees and workers which can support the workforce as they can also live near their workplaces. It works as a competitive advantage for the employers and acts as an economic booster too. Not only that, as the employees have to commute shorter distances they can inevitably spend more quality time with their families and on the other hand the community at large benefits from a reduction in air pollution, traffic congestion, and expenditure on transports.

More Asset Generation
More affordable homes for all age groups and sections of society mean more affordability for more people to purchase their own homes. There would be more options available to single family homes, rental housing, duplex houses, homes for senior citizens and all others. This would ensure more opportunities for all groups of people to improve on their economic conditions and contribute to the larger community.

Although home ownership is the dream of all but renting apartments may be a solution as per the situation in many cases. Many people rent because they have to, as they have to relocate frequently. For low and moderate income families rental homes are a more realistic option but affordable homes or affordable housing can create new frontiers of hopes for them to own homes of their own.

As the businesses globalize and migrants from different cities often settle in different areas of the country with rapid industrialization, the need for housing becomes more poignant. In this era of change where there are frequent economic upheavals, affordable housing can definitely be an economic booster and strengthen the economy fourfold.

An eco-friendly home may be what you always felt is the need of the hour and it’s certainly one as it is for the future generations that we have to protect our planet. This doesn’t necessarily mean you have to spend a fortune on buying a home in sustainable projects. Going green is a mindset and way of life that you can always adapt by making a little shift in your attitudes and habits.

The investments from the Non-Resident Indians (NRIs) have surged in the FY 2021 to $13.3 billion from the earlier estimate of $13.1 billion according to a report published by 360 Realtors. The same report states that the investment volume has climbed upwards by 6.4% compared to the previous financial year despite the pandemic and the buyers’ sentiments plummeting downwards.

Building and owning a home is certainly a dream come true, but the next important question that you need to answer is whether you have taken the measures to protect it. A home insurance protects you from all impending casualties and catastrophes, saving you not only money but giving you financial protection at times of need rendering you safe as well.

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