Why Weekend Home Investment Is a Game Changer
Punit Agarwal, MD and CEO of Nirvana Realty
Why are weekend homes becoming popular among investors?
If the pandemic has taught us one thing, it is that our health is our final wealth. But our cities are now barely capable of giving us what it needs to be healthy. It is time that we take a step back and invest in a healthy future.
Living in a natural neighbourhood has been undermined for the longest time. Life in the city is so glamorised that we often fail to realise the benefits of being close to nature. However, a peaceful life is an investment into a healthy future that we often overlook.
What are the benefits of investing in Weekend home?
Higher affordability with low Home Loan Rates: The Reserve Bank of India, considering the situation in the country and the state of the real-estate sector, significantly cut interest rates over the last year. These interest rates now stand at historic lows of around 6 – 7 per cent in some banks. This decrease in interest rates is an excellent time to apply for a home loan.
Greater quality of life: With the increasing cost of living, and managing between work and personal life we are all missing out on living a quality life. Especially with work-from-home blurring the lines between work and personal life. It is becoming increasingly important to find a mental haven to balance your life. Also, you can have frequent breaks with family get-togethers and friends reunions and at the same time, ensure that your work life is not affected.
Healthier air: With constant exposure to pollutants found in the city, our health deteriorates over time. Harmful pollutants have a direct impact on your lungs, digestive systems, overall body. Irrespective of all the exercises and yogas, it is almost impossible to reverse the effects of these harmful pollutants. However, increased exposure to pollution-free fresh air can help reduce the damage and improve our health over time.
Is the focus on mental wellbeing another reason for popularity of weekend home?
It is proven that our mind works better when we feel at peace. But that is barely possible at home. In the cramped up spaces in the city, it is difficult to find a peaceful corner where we can be ourselves. However, a second home offers the luxury of space, and peace that we miss out on in the cities. A break from our routine can give us the mental space we need to manage stress better.
Though our world is now digitally connected and all our work depends on connectivity, it is also imperative to detox digitally. Being close to nature helps us focus more on ourselves, and move away from digital distractions. Finally, leading to a healthy life.
Image: Cottage – Sketch – Genesis Studios