‘Secret 7’ ways to save energy at home

Want to spend less and save more? Here are the ‘Secret 7’ ways to do so.

Energy conservation is important and very beneficial. The two major motives for conserving energy are to save on utility bills and protect the environment all through simple energy-saving measures. By simply taking few small steps towards living a more energy-conscious lifestyle, you can begin to enjoy all of the perks of being energy efficient. There are many different ways to reduce your household’s energy use, ranging from simple behavioral adjustments to extensive home improvements. Here are seven common ways to conserve energy and save electricity in your home.

1. Replace Glowing lights

The average household dedicates 11% of its energy budget to lighting. Traditional incandescent lights convert approximately only 10% of the energy they consume into light, while the rest 90% becomes heat. Turn off incandescent / shining lights when you are not in the room.

2. Adjust your day-to-day behaviors

To reduce energy consumption in your home, you do not necessarily need to go out and purchase energy efficient products always. Energy conservation can be as simple as turning off lights or appliances when you do not need them. The behavioral adjustments that have the highest potential for utility savings are using your air conditioners (AC) in a limited manner in the summer.

What is the best way to run AC?? It is always better to run AC at 25+ degrees and put the fan on at slow speed.

This will cost less electricity and your body temperature will also be in the range and there will be no ill effect on your health. Another advantage of this is that the AC will consume less electricity, the blood pressure on the brain will also decrease and Saving will ultimately help reduce the effects of global warming. How?? Suppose you save about 5 units per AC per night by running AC on 26 Degree and other 10 lakh houses also do like you then we save 5 million units of electricity per day. At the regional level this savings can be crores of units per day. Please consider the above and do not run your AC at all below 25 degrees. Keep your body and environment healthy.

3. Weatherize your home

Weatherizing or sealing air leaks around your home, is a great way to reduce your heating and cooling expenses. The most common sources of air leaks into your home are vents, windows, and doors. To prevent these leaks, you should ensure that there are no cracks or openings between the wall and vent, window, or doorframe.

4. Older appliances are often less energy efficient

Electricity rates are increasing every year. The appliances of today are much more efficient than their predecessors as they have made energy-saving leaps over the years. Replace the old ones with energy efficient products.

5. Take shorter showers

Ahem! Please do not get angry on me for saying this but I am just helping you to save energy. I know it really feels relaxing, rejuvenating and soothing taking a long shower. But did you know that a typical shower head spits out an approx average of 2.5 gallons per minute. Reducing your shower time by 4 minutes per day may save 3650 gallons annually if you shower once a day. So just make your shower time shorter.

6. Let your Computer/Laptops hibernate

You knew that frogs and other amphibians are the only ones who can hibernate? Well think again. You can set your Computer/Laptops to Hibernate also. It is a power-saving state designed for Computer/Laptops. Hibernation puts your open documents and programs on your hard disk and then turns off your computer. Of all the power-saving states in Windows, hibernation uses the least amount of power. Put your computer to hibernate mode instead of using a screen saver so it uses less electricity during periods of inactivity. And the best part is Hibernation of your computer can reduce your electric bill too.

7. Unplug battery chargers

Once charging of your device is complete, unplug the charger from the device and electrical outlet when the batteries are fully charged or the chargers are not in use. Many chargers draw power continuously, even when the device is not plugged into the charger. As Cambridge professor David MacKay points out, that half a watt equates to saving one hot bath’s worth of energy every year if you unplug your charger when it’s not in use. You have heard it from the best so you know what to do now.

Since the ‘Sultry Summer’ has already arrived, it’s the best time to use our ‘Secret 7’ ways in to use.

Maintain your Homes because your Dreams are Sown here

Your home is your one of the biggest investments, maintaining it is a must.

Home Maintenance is a job that involves inspecting and basically maintaining the place where you live. It’s about maintaining the structure, fixtures and fittings and ensuring your home stays healthy, safe and secure so that your home looks after you in your day to day life and during emergencies.
Home maintenance should not be confused with things like cleaning, gardening etc.

Just like regular servicing & oil changes for your vehicle keeps your engine happy and healthy, keeping up with regular home maintenance tasks will keep your headaches at bay and also save your money. Like you schedule your health/physical check-up, a home maintenance schedule is equally important for every home’s upkeep and well-being. Continuing to check up on your exterior, interiors, plumbing, security and electrical systems will help prevent breakdowns, save money, and keep your home looking its best.

Home maintenance can feel like a daunting chore. But it doesn’t have to feel overwhelming. Periodic maintenance will make your house run like a well-oiled machine. There are jobs that homeowners often forget about or don’t even know about. This is where your home needs home inspectors. Neglecting them can cause you immense worries, or worse, a big hole in your pocket.

The responsibility of keeping a home clean and maintained is up to the homeowners. The main purpose is to help homeowners who have systems and appliances that fail from ageing or normal wear & tear or due to any other reason.

Maintenance plays a major role in proper functioning of all the components of your home. Here’s a look at some of the key areas where & why the home elements needs Maintenance and how.

Wet Areas (Bathrooms / Kitchens)
Deterioration occurs in Floor outlet / tile joint grouting
Leakage from pipes or fittings/fixtures
For both the above conditions maintenance is a must.

Clean Plumbing Ducts
Wall surface conditions, vent conditions, clamping pipe conditions need to be checked and cleaned. Accessibility provision to carry out repairing work is to be ensured.

Check for Water Pressure
High water pressure can harm pipes, connections, and appliances. It also creates water hammer and waste massive amounts of water. Checking for high water pressure is an often overlooked and one that’s easy enough to perform. A new pressure-reducing valve and a simple pressure gauge are all you will need for this.

Leakage/ Seepage from bore packing and wall sleeve position needs to have maintenance carried down at intervals.

Windows
Weep Holes can get plugged with bugs and debris, and if that happens, water could fill up the channel and spill over into your house. Hence regular cleaning and maintenance is required.

Sealant condition
General wear and tear occurs in exposed condition needs to be checked. Most common water damage (damp / seepage) due to Rainwater occurs from the gap in between window frame & external wall.

Lubrication is much needed to avoid friction and for smooth running of mechanical fixtures and fittings.

Wall Surface
The vulnerability needs to be checked for bearing and structural cracks. For external wall surface, plaster condition needs to be checked.

Door
If you observe bending of wooden panel or loose fittings and fixtures, or if the wooden portion is moisture affected, then the issues need to be addressed accordingly.

Air Conditioners
Deterioration in insulation needs to be checked and regular maintenance needs to be done.
Drainage pipe junction and probable leakage, for Gas pipes-heat loss and condensation needs to be checked and rectified accordingly. External VRF-Gas pipe insulation and wall sleeve packing calls for maintenance.

Grounds
Blockage at underground sewer line with peripheral pits, boundary wall condition, illumination testing, general surface condition, weed and vegetative growth, water stacking, needs to be checked periodically and proper maintenance should be carried out.

Façade
Deterioration of external wall plaster condition, window panels, porch, balcony condition, paint condition needs to be arrested.

Roof / Balcony / Terrace
Functional conditions of surface, water proofing condition, associated plumbing installation condition, parapet wall condition, electrical components conditions, clogging of rain water pipes and gutter has a certain life expectancy period after which it has to undergo maintenance works.

Sneak Peak into the types of Maintenance required

Annual maintenance – White washing, distempering, Painting, cleaning of lines, tanks, etc.
Routine maintenance – Leakage, replacement of damaged socket, choked lines, Gap filling, etc.
Preventive maintenance – Damp / Seepage, Roof, breakdown of MEP component, life expectancy of components
Special repairs like water proofing, replacement of electrical components
Suitable periodic maintenance time – inspected during the months of March-April and September-October
Post monsoon maintenance – External areas condition, drainage, window shutters, etc.

It is easier said than done. Hence it is better to engage a home inspector who will help you to find the areas, elements or items which needs maintenance. Home inspectors not only identify problems with properties, they can give buyers and sellers information that will help them with the upkeep. Also there are different types of Maintenance – Scheduled Maintenance, Preventive Maintenance, and Periodical Maintenance etc.

12 Incredible tricks to make your Home / Space look bigger

Most of us are blessed with sprawling spaces. Cramped up spaces not only literally makes the space look tiny but psychologically also it clogs one’s mind. Imagine you are back from a hectic day at office. You enter your den / home and slump onto a couch. What do you want to feel? Peace, calm, relaxed, right? Rather what greets you is a space that is barking back at you! Accommodating everything in a little space is no mean feat. But that’s Ok. We are no Harry Potter that we will wave our wand and your stipulated space will grow in size but yes, we do have some tricks up our sleeves. Open up your spaces by arsenal of illusions. The finish of your abode will set the tone for your entire home.

1. Mirror Mirror on the Wall – Mirrors give the illusion of a small space look larger. It reflects light which gives the impression that the space is larger than it actually is. Based on budget, one can go for mirrored furniture or a single large mirror or mirrored paneled cabinets or closet fronts.

2. Transparent Materials – In vogue, materials like Lucite or age old favourite Glass, take up less visual space in a room. Use materials as in glass coffee table, acrylic chair or Lucite chairs. These prevent from obstructing one’s views when one looks around and gives a fluid spacious view.

3. Magic of Colours – Use of a monochrome colour generate the illusion of space and adds visual drama to your space.

4. Statement Piece – Instead of using multiple small pieces, experiment with one or maximum two statement pieces. Your little room will feel more expansive and will give a great visual impact if you hung a large wall painting.

5. Low Height Furniture – A big fat furniture is a surefire way to give you that confined look and vibes and will make you realize again and again that you have limited, insufficient space. Go for some low height furniture. This will keep the sightline of your look lower, and make your ceilings appear much taller.

6. Hang Curtain Rods High Up – This is such a cool way to give an illusion of high ceilings and considerable vertical height. It makes a huge difference to your space. If you are putting up curtain rods on window, install them close to the ceiling, this will make the wall look longer and the ceiling will look much higher.

7. Unified flooring – Do not break up your floor texture by using different types in different areas. If you maintain a solid continuous flooring, it will project a vibe of a longer room. Using vinyl, linoleum or tile would be a better choice for bathrooms but in the rest of the area use one type of material with one look. So unified flooring will aid in creating a sense of flow and a seamless finish.

8. And then there was Light – According to research, our sense of sight overpowers our other senses. Light up your space with either natural or artificial lighting. Light will create wonders in creating bolder and brighter vibes. Light is an effective way to enlarge any interior space and enhances the aesthetic quality of the items. And remember light plays a pivotal role on your mood.

9. Smart Storage – Using proper storage for specific items and keeping them in an organized way is a perfect way to ensure an organized and neat look to your space. Also it helps to transform your décor from an overbearing clutter to a spacious one.

10. De-clutter – De-clutter relentlessly if you live in a small space. If you haven’t used something in a year and you very well know that you will not use it in future please get rid of it. We tend to keep many things out of sentimental value. And after few months or a year, our place gets congested with useless items. Hence, we suggest indulge in spring cleaning every now and then…even if it’s not Spring.

11. Foldable Furniture – Use foldable furniture so that you can stack it away when not required.

12. Sample floorboards – Before finalizing your flooring, bring some floorboards home for trials.

These user and pocket friendly solutions are certain ways to make your place feel more spacious. It will also help in creating a visual harmony to your area. So what are you waiting for? Don’t stay slouched in your couch, get up and get going…

About MACJ – A Buyer’s Choice Home Inspections We have pioneered Professional Home Inspection Services Industry in India in collaboration with an American MNC present in 19 countries.

  • We do health & safety inspections of properties (new / old / heritage)
  • We inspect of all properties – homes, offices, schools, shopping malls, retail, warehouses, etc
  • We ensure Long, Safe & Healthy Life of your Dream Homes

Scope of our services include

  • Professional Home Inspection Services
  • Damp / Seepage / Leakage / Moisture Inspections
  • Electrical & Safety Inspections
  • Home Maintenance / Home Renovation / Improvement Inspections
  • Construction Finishing / Pre-delivery Inspections for Builders

Milestones achieved

  • Over 1,000 inspections done in last 2 years
  • PAN India presence – Kolkata (HO), Mumbai, Pune, Gurgaon, Chennai, Kohima, Goa
  • Trained & experienced team
  • Latest tools & technology (Thermal Imaging)

Our service benefits Home Owners / Buyers, Builders / Developers, Home Sellers, Real Estate Brokers, Interior Designers, Architects, GOI / State Governments resulting in the growth and wealth maximization of all the stakeholders.

Connect to us at

Home Loan – The fine art of lending / It all begins with Homes / Dream Homes / Healthy and Safe Homes

A loan advanced to a person to assist in buying a house or flat is Home Loan.

A sum of money borrowed from a financial institution or bank / NBFC to purchase a house. Home loans consist of an adjustable or fixed interest rate, repayment period and payment terms.

When a person applies for a home loan, some of the typical things they have in mind are whether they should go for a fixed interest rate or a floating interest rate, what’s the ideal repayment period, the terms and conditions they would be comfortable with, prepayment clause, etc. However, seldom does one think about the entire concept of a “home loan” from the lender’s perspective. What does your bank think about when looking at your loan application?

In Their Shoes: Home Loans from a Lender’s Perspective:

HDFC, LIC Housing Finance, PNB Housing Finance, Diwan Housing, ICICI Bank, SBI, India Bulls, etc. the leading lenders in India, consider some of these following points before giving out home loans:

  • In their own words, the first and foremost criterion is whether the Customer is Genuine or not; that is why they ask for the KYC, all identity proofs and legal documents to make sure that Mr.X is actually Mr.X and not Mr.Y and also to check his banking / credit history.
  • Assessment of Repayment capability of the borrower: For this, the lenders check what percentage (50% – 70%) of Yearly income of an applicant should be considered for EMI calculation of the loan amount to be granted. This is for ascertaining the amount of loan applicability as also his repayment capacity. Last few years income proof is also needed to be submitted.
  • Banking / Credit Track: ICICI along with other banks bank examine the nature of banking and the banking habit of the borrower. The borrower may otherwise be very well off but there can be chronic cheque bounces from his/her end or maybe unable to manage money etc. This is a very important criterion for providing home loan.
  • Checking the legal & technical prospect of the property to safeguard the home buyer:
    Title: ICICI bank and all other banks and institutions carefully check whether the property in question clearly stands in the name of the borrower and the property is free from any encumbrances. They also carefully scrutinise the entire history of the title of the concerned property from legal point of view.
    Technical aspects: The technical aspects of the property are very carefully checked. Such as whether the flat or building is constructed in strict accordance to the sanctioned plan. Let us explain with a simple example. Say the builder took permission from the government /Municipal Corporation to build G+ 4, but instead he builds G+6. In this case, the building becomes illegal and the banks will not provide home loan for this particular property to safeguard the buyer from illegal transaction and undue harassment.
  • While granting a home loan, lenders generally ask the applicants to submit a copy of their bank’s account statement, for six months to a few years. These are very important documents from the lender’s perspective, for determining the applicant’s home loan eligibility. Here’s what the lenders look for, in a bank account statement:
    • The existence of any loan being serviced
    • The level and nature of activity
    • Inward and outward cheque returns
    • Account balance and nature of debits
  • Finally, the clauses of the loan agreement are extremely important for the lender. When submitting a loan application, the borrower needs to agree to the clauses of the loan. The lender disburses the loan only when they are satisfied with the warranties of the borrower. This gives the lender the right to impose penalties on the borrower if any clause is dishonoured during the loan tenure.

Home Loan & Home Inspection must go hand in hand

Home is one of the biggest investments one make in his/her lifetime. And to make this dream come true, we have numerous banks giving out Home Loans. With the home loan, one either buys a home or an apartment or builds a home etc. So their dreams are fulfilled…for the time being.

Reality hits when after moving in, the truth behind their four walls comes infront of their eyes. No matter how unfortunate it may seem but they are bombarded with unexpected situations. Situations which may have arose as Home Inspection was not carried out. Their dream home turns into nightmare with damp / seepage issues (For more on Moisture / Damp / Seepage issues refer to the link – www.macj-abuyerschoice.com/real-estate/moisture-damp-seepage-invisible-silent-killer-unsuspecting-criminal/) ruining their favourite wallpaper or paint flaking off or something or the other. Now the damp in their walls have dampened their spirits. There could be other issues , Rust, Termites, inferior materials / brick work / improper RCC structure causing cracks, sub-standard wall plastering, inferior flooring causing cracks / black spots, tiles with mismatches and found to be broken and cracked at several places, electrification of inferior quality causing short circuiting / damaging the wiring, conduits and other electric appliances making life of the occupants risky, no proper drainage for the outflow of water causing seepage/leakage in the ceiling, poor internal installations of units e.g, water, light, gas, power, sewerage, doors, windows, etc. A person has put in so much hard work in acquiring a loan, then building a home or buying it and now he/she doesn’t deserve to face this.

If these issues are taken care of at the time of unit completion / delivery by conducting a thorough home inspection / audit, it will help take corrective action today at a nominal cost / time and probably avoid unnecessary potential future damage and high costs. It will also help you talk to your seller to have the issues taken care of at that stage. It will in general increase the life of the home by many years and help you to know your home better.

In fact, home inspection will also serve as a guide to the seller to understand the issues and take corrective correction before selling. This will add to his credibility and saleability of the unit.

It will also help home loan lenders to assess the quality of the home and ensure that the same is healthy and safe.

Hence, home inspection will benefit all stakeholders (including seller / buyer / developers / realtors / lenders).

We at MACJ – A Buyers Choice Home Inspections are committed to keep your prized possession healthy & safe.

Conclusion

Getting a home loan today is much simpler than before. Loan providers are more flexible, but money is always lent with the intention of getting it back. That is why lenders carefully draw up loan agreements. They seek to ensure that they do not go into a loss-making agreement with a borrower. As a borrower, one must read the terms and the conditions of the loan beforehand. Ensure that they suit you, as only then will you be able to repay the loan in a proper way.

Last but not the least – know “How Healthy & Safe your Home is” – get a professional home inspection done. Understand, how healthy and perfect is your home, whether it is upto the mark in terms of all (damp, electrical, material type, masonry, plumbing, civil, door, window, etc.) conditions or not. Get a Pre-inspected home or get a Professional Home Inspection done on the home before / after taking the home loan. Get a complete healthy and safety check up of your home (new or existing). For more information on Professional Home Inspection visit www.macj-abuyerschoice.com. GET YOUR HOME INSPECTED!!!

Guide To Take A Home Loan For Your Dream Home

Before taking any home loan, consider these points which will help you to get the best from your home loan.

1. DON’T BORROW MORE THAN YOU CAN REPAY

It’s very important to understand how much home loan you need for your new home and how much you can repay on the set tenure by the lending institution. It is always crucial to maintain a good credit score in your CIBIL records which indicates your financial stability.

In any loan track, it is very often seen people missing EMI payments and ending up paying fines or surplus amount to the lenders. But, this doesn’t stops here, once you miss any of the EMI payments, the lenders start analysing your credibility and ultimately it affects the Credit Score.

So, it is recommended please understand the present and future loan repayment capability of yourself and judge properly before taking a hefty home loan amount. This becomes a perfect strategy of saving lot of money and a measure to keep your CIBIL records positive for further loans and credit cards as and when required.

 2. KEEP TENURE AS SHORT AS POSSIBLE

It becomes an obvious choice for the all the home loan borrowers to avail a loan for a long period so that the EMI instalments remain low and can be easily managed over the long period of time. But, if you can opt for further simpler plans available with SBI home loan, HDFC home loan, Axis Bank home loan, LIC Housing Finance home loan etc., where they will give you Flexible EMI instalment options, more often referred as FLEXI Plan or similar. The loans are broadly divided into these simple to understand categories:

a. Home loan with delayed start of EMI payments
b. Home loan with increasing EMIs
c. Home loan with decreasing EMIs
d. Home loan with lump sum payment in under-construction property
e. Home loan with longer repayment tenure
f. Home loan with waiver of EMI

For some ready guidance one can check with HSBC Lump Sum Repayment Calculator online through this link: https://goo.gl/K6zmPX


CHOOSE THE RIGHT HOME BEFORE TAKING THE HOME LOAN, GET THE NEW HOME INSPECTED WITH HOME INSPECTION PROFESSIONALS.


 3. ENSURE TIMELY AND REGULAR REPAYMENT

To maintain a timely and regular home loan EMI repayment, one must understand the above options given in details, so that it becomes easier for the borrower to choose the right home loan plan and set the right strategies of repayment options based upon these simple home loan options offered by numerous banks in India:

a. Home loan with delayed start of EMI payments

After market research on numerous home loans, if one checks SBI’s Flexipay home loan where it gives an option to go for a moratorium period – of anywhere between 36 months and 60 months during which the borrower don’t need to pay any EMI but only the pre-EMI interest. As soon as the moratorium period is over the home loan EMI begins with an enhanced pre-agreed rate on upcoming years.

b. Home loan with increasing EMIs

This home loan is linked to the borrower’s monetary growth i.e. growth in income. This specific type of home loan are beneficial for young age borrowers whose incomes increases as they grow in their career over the loan period. This helps the borrower to avail higher loan compared to a normal housing loan.

c. Home loan with decreasing EMIs

Just in contrast, it is exact opposite of the above; this is ideally suitable for people who take home loan at an age of 30+ where their home loan repaying capability goes down with their age ahead.

d. Home loan with lump sum payment in under-construction property

This type of home loan is often beneficial for the borrowers. For e.g. on INR 60 lakh home loan of yours’, if the EMI is ‘x’ amount, by starting to pay the EMI, the total outstanding will stand reduced to about INR. 40 lakh by the time the property gets completed after 36 months. The new EMI will be lower than what you had paid over previous 36 months.

e. Home loan with longer repayment tenure

Lot of banks is offering these long repayment tenures for your home loans, like HDFC, Axis, Indiabulls Home Finance Ltd., LIC Housing Finance and ICICI. They will give you multiple options to extend repayment period up to 65-70 years of age up to loan amount of 70 Lakhs or more. This might help lot of borrowers of any age where 2 generations can take the responsibility of repaying the loans for their dream home of their family.

f. Home loan with waiver of EMI

Lot of bank offers exclusive home loan EMI waiver schemes. The offers normally works like, if you pay regular EMIs on time for 10 years period, they’ll waive off 6 months EMIs if the total home loan period is 20 years and the minimum home loan amount is INR.30 Lakhs or more.

 4. DON’T BORROW TO SPLURGE OR INVEST

Investments are always good but definitely with all sort of risk calculation need to be taken care of from beginning. Multiple options of investments are there in the market like Equities, Bonds, Mutual Funds, Real Estate etc. Real Estate being the most trusted ones till few years back where the rate of home loan interest was around 7% and the real estate industry booming with 20% growth. For last few years the real estate business has taken a complete shift of home loans costing around 10% and real estate cost is rising just by 5% max. So, it is no more an ideal investment these days that you invest on real estate for good return with borrowed capital from banks in the form of Home Loan.

SO, THINK BEFORE YOU INVEST WITH BORROWED CAPITAL!!!


CHECK YOUR HOME HEALTH WITH  PROFESSIONAL HOME INSPECTION COMPANY.


5. TAKE INSURANCE WITH BIG-TICKET LOANS

Firstly, let us give you this link to calculate a tentative amount on how much insurance is required when you plan for a home loan: https://goo.gl/NQRfKx

This is really important if you plan for a big home loan, you must also plan for an insurance to cover the same or your family will be in spot to pay the EMIs without any safety on the same. Don’t skip this step as for many reason it might happen that the cash flow get stranded for a specific time or for a prolong time for the borrower, where this insurance will cover up the gap for those periods to incur substantial loses against the home loan for your dream home.

BIG TICKET LOANS MUST BE ALWAYS COVERED WITH INSURANCE!!!

6. CHOOSE YOUR LENDER CAREFULLY – SUBSTITUTE HIGH COST LOANS

Always keep on your home loan research both before and after taking the home loan. As it is often seen that lot of banks are competing on lowering their interest and EMIs on home loans, but now the competition doesn’t remain on the same ground rather they are trying to add-on values on the home loan repayment options with regular home loan schemes with flexible repayment options.  Even if, you have already taken a loan from a specific bank, if you find a better deal you can have the loan portability schemes from numerous banks with easy options of changeover. All you need to keep a constant eye on the changing rates and offers in the home loan market so that if you get better options and easy transfer of the balance home loan from your existing lender to your next lender for better deals and advantages.

7. UNDERSTAND THE FINE PRINT

There are lot of Home Loan options waiting for you with some mind boggling lowest interest offers, be it SBI Home Loan, HDFC Home Loan, DHFL Home Loan, PNB Housing Finance, LIC Housing Finance, Diwan Housing Finance or Indiabulls Home Finance Ltd. it’s your foremost job to read and know every possible opportunities and loopholes in this biggest decision of taking a home loan for your family. So, decide wisely what all can affect you on multiple default and changing rule situation due to different socio-economic conditions also. During all the discussion with different lending institutes, never forget to note the loan getting documents and rules, repayment procedures and defaulter rules in repayment procedures. You must know how a default in a single EMI can affect the total home loan procedure or EMI payment structure.

8. KEEP FAMILY IN LOOP ABOUT LOAN

It’s a long term loan and it is always better to involve all your near and dear ones to discuss thoroughly on the home loan, as it is for the whole family, everyone must know about the same and can help you to take the right decisions.

9. HOME INSPECTION

Last but not the least – know “How Healthy & Safe your Home is” – get a professional home inspection done. Understand, how healthy and perfect is your home, whether it is upto the mark in terms of all (damp, electrical, material type, masonry, plumbing, civil, door, window, etc.) conditions or not. Get a Pre-inspected home or get a Professional Home Inspection done on the home before taking the home loan. Get a complete healthy and safety checkup of your home (new or old). For more information on Professional Home Inspection visit www.macj-abuyerschoice.com.

GET YOUR HOME INSPECTED!!!