Melonwood Homes - Villas, Apartments and Flats in Kochi

Owning a home of your dreams is a matter of proud. But many are confused about whether to stay on rent or to buy a new home. Here is a list of benefits of owning a home over staying on rent. •     Emotional security     An own home offers a sense of emotional security and comfort which is irreplaceable with anything else. You can live a life of full freedom. •     No adjustment You need not to adjust on things that you are supposed to do in a rental home. •     No landlord The home is under your control. No landlord is there to limit you. •     Your asset Home is a great asset. You can save money on rent and pay it to the home loan EMI. •     Availability of home loan Home loan is available at lower rates which helps to reduce the financial risk associated with a new home purchase. •     Tax benefits By buying a new property on housing loa...

An NRI is eligible for certain tax exemptions from the income generated from sources in India. Here is a short note on the tax exemptions applicable for an NRI in India. •     Section 54 Under section 54 of the Income Tax Act NRI can claim tax deductions provided if he invests the long-term capital gain from the sale of a property is used for buying another residential property in India. The amount invested in the new property can be lower or higher than the capital gains. •     Section 54 F Tax deduction under section 54 F is applicable on the long-term capital gain from the sale of a property other than a residential one. •     Section 54 EC One can use the long-term capital gain from the sale of a property to invest in specific bonds issued by the govt. of India. These bonds can be redeemed after 3 years of purchase to avail the tax benefits. Melonwood Homes, one of the trusted builders in Kochi Kerala prese...

Most of the home buyers depend on a home loan to finance the payment on the purchase of a new property. A home loan helps the buyer to reduce the financial risk associated with a new property purchase. Here is a short note on factors which governs the home loan amount. 1.     Income of the applicant Income of the applicant is the prime factor which determines his loan eligibility and the home loan amount. In general, a lender considers about 40 to 50% of the applicant’s monthly income for servicing the loan increases. The percentage varies from lender to lender. 2.     Existing loans The lender will check for the existing loans to calculate one’s home loan eligibility. The lender subtracts the EMI on existing loan from the amount available for servicing the loan. For sure, the existing loan decreases one's home loan eligibility. 3.     Remaining years of service of the applicant The remaining years of service of the...

As 2018 comes to an end, here is a look at the home décor trends that may get popular in the coming year 2019. 1.     Statement walls Statement wall is a great experiment to bring more beauty to the interior décor of a home. It is intended to highlight the wall. Statement wall is known as feature wall. 2.     Indoor plants Add more natural elements to the interior décor. A touch of green is a trend that is rapidly catching on. For homes with space constraints, the vertical garden is the right choice. Apart from adding beauty to the room, these plants help to purify the indoor air. 3.     Eco-friendly décor Adding eco-friendly items to the interior décor is slowly increasing. For example, doormats made of coconut coir, carpets from jute etc. These items are made from natural, biodegradable and sustainable materials. 4.     Multifunctional furniture Multifunctional furniture is becoming popular now....

Proper home ventilation is of prime importance while designing a home. A breath of fresh air inside the home is really rejuvenating. Keep your home adequately ventilated for a better living. Here is a list of some effective ventilation tips for your home. •     Balcony A balcony helps to keep the home naturally ventilated. But care should be taken while designing this architectural element, otherwise, it may result in adverse effects. A balcony should be wide enough to draw sufficient air into the house and it should be forward protruding. •     Windows The height and positioning of windows is very important as it determines the air flow in to the house. The recommended window size is a minimum of 10 percent of the room’s floor area. Check for obstacles in the path of the air movement and clear it if it is possible. •     Sky light Sky light is a trending concept in Indian real estate. It lets ample natural light in...

A bedroom is a place to relax and unwind. The bedroom should be designed in such a way that it should be the safest haven at your home. By making it eco-friendly, you can enjoy a better refreshing ambience in your room. Here are some tips to make your bedroom eco-friendly. 1.     Declutter wisely Keep away in your bedroom. Arrange everything in an organized manner. Never keep the laundry in your bedroom. Gently use pillows and blankets in your home. 2.     Flooring Bamboo or hardwood flooring is the most recommended eco-friendly flooring choices. 3.     Lighting Use energy efficient LED lighting in your room. 4.     Indoor plants Add indoor plants to the room which helps to keep the indoor air fresh and offers a lively ambiance in the room. 5.     Mattress Opt for eco-friendly mattress choices made of natural latex, wool, cotton, bamboo etc. 6.     Paintin...

Real estate one of the smart investment options available but it is prone to many misconceptions. These misconceptions may affect an investor’s interest in the real estate sector. Here is a list of some of the common misconceptions about the real estate sector. 1.     Buy the property according to the market conditions It is not mandatory that the buying decision according to the market conditions only. The market conditions get changed. Affordability, locational benefits, quality of construction, amenities, the creditability of the builder etc. are also important factors to consider while making a real estate investment. 2.     A risky investment option There is a misconception that the real estate is a risky investment option, but   it is not. It is a fact that any investment choice involves some kind of risk. But when comparing with other investment options like the stock market, real estate is a stable and less risky investment c...

Curtains or window coverings are an important part of a room décor. It plays a crucial role in setting an appealing ambience in the room. Apart from being a décor element, it helps to add more privacy in the room. There is a myriad of choices available in curtain décor. Here are some of the top trends in curtain design 1.     Roller shades The roller shaded curtains offer charming ambience and top function. The design adds texture to the windows as well. It let in a perfect of natural light to the room. 2.     Personalize features Customised window treatments are trending now. This customized curtain design adds a unique touch to your room’s interior décor. 3.     Layering Layering is an another upcoming trend. Choosing a colour palette which blends with each other is a great way to add beauty to your home. 4.     Longer and looser pleats For one who wishes to add a contemporary yet causal appeal ...

A kitchen is one of the most important rooms in a house, it is often the hub of a home. So its design requires more thought and planning. You need to consider many factors while designing your kitchen. Here are some of the very important factors to consider while designing a kitchen. 1.     Work surface The kitchen design should include enough space for you to work comfortably in the kitchen. Your kitchen should have a natural pathway between the sink and the cooktop. 2.     Appliances The kitchen appliances should be placed in such a way that each of which should have enough working space around it. For example, never put a stove in the corner of the kitchen, lack of working space around it affects its functionality. Size of the appliances is also an important factor, It is difficult to accommodate large appliances in a tiny kitchen. 3.     Proper ventilation Proper ventilation is an important feature of a functional...

Retirement homes or senior citizen housing is a new segment in Indian real estate. Consumers in this segment prefer open spaces, calm atmosphere and pollution free environment. Here are some tips to find your retirement property. 1.     Identify your goals Before start searching for your new home, Find out what are your goals. Do you have any location preference or any other conditions? 2.     Opt for low maintenance housing It is good to buy a new home rather than an older one if it is affordable to you. Newer homes will definitely need fewer repairs and maintenance works. 3.     Location Most of the retirees prefer homes located in suburbs, which is close to the city but not too close. Choose a location which is close to medical facilities too. Pick a neighbourhood that you love, choose a location which works well when you are older. 4.     Financial planning Make a financial planning which incl...

Are you planning to apply for a home loan to finance the payment on the purchase of the new home? The home loan facility is a great bliss for the homebuyers as it helps to reduce the financial risk associated with the home buying process much. It is good to have a basic idea regarding the home loan tenure, required down payment, interest rates, EMI etc. before applying for a home loan. When it comes to home loan tenure, it is positively correlated to the home loan amount. With higher homer loan tenure, the applicant will have higher home loan eligibility, therefore it makes sense of a borrower to opt for a longer tenure. But do you know what are the important factors which affect the home loan tenure? 1.     Age and source of income of the applicant Since the age of the borrower determines his home loan repaying capacity, financial institutions consider the age of the applicant as an important factor to determine the home loan duration. Source of income...