Creating a Perfect Terrace

A terrace is like a mini-escape from the confinement of your home.

In today’s apartment-style living, only a few lucky ones get the privilege of a having a perfect terrace. A terrace is like a mini-escape from the confinement of your home.  Whether you like to enjoy the splattering rain or the warmth of the sun, enjoy a cup of evening coffee with friends or do early morning yoga in the open, a small terrace is perfect for all activities.

We put in a lot of effort to keep our interior smashing, but we often ignore the very important terrace. It is the time to remodel your terrace. With the central location for all your outdoor activities, you will need to furnish it. From wrought iron furniture to affordable yet elegant bamboo furniture, potted plants and some tree lights, there is so much you can do to give your terrace the perfect setting. Here are some cool ideas:

Comfortable Furniture is a Must

Since we spend a lot of time in the terrace, especially during early mornings and evenings, investing in comfortable furniture is essential. Wrought iron or bamboo furniture are most popular options. Not only are durable and elegant, they are affordable too. Invest in a sturdy wooden picnic table which can double up as a center table and come real handy during house parties. Add some benches, hammocks and cushioned sofas of the given material and you are all set for a comfortable time in the open air.

Good Lighting is the Key

Good lighting is very important for the terrace. It shouldn’t be too bright and at the same time, it should be able to provide sufficient visibility to avoid unwanted accidents. Placing lights at the floor level and around the plant is a good idea and it is warm, welcoming and helps to magnify the beauty of the terrace. Place a moderately bright light in large circulation areas for functionality reasons as well as for the enhanced safety of the home.

A Little Terrace Garden

A terrace décor is never complete without our own little terrace garden. If you are looking to create a peaceful and calm place, ‘Zen Garden’ is perfect for you. Low-maintenance plants like Aloe, Agave and Papyrus in sunken pots surrounded by some white gravel will help you create the perfect country setting. If you don’t have much space on your terrace, a vertical garden is a funky, practical and contemporary option to add the needed green in the home. You can also create a combination of pots, stands and some hanging plants for your terrace garden

Add a Personal Touch to the Terrace

Whether you are decorating the terrace all by yourself or taking help from professional interiors, the most important point is to create a space that allows you to connect. Your terrace is like your private abode and you can decorate it according to your taste. Whether it is about adding accessories that are unique to your personality or using colors that reflect your style, having a private terrace is not very difficult



Choose Your Home Loan Tenure Carefully

Taking a home loan is a big step, and you want to be sure of what you’re getting into. So conduct a substantial amount of research and learn everything you can about home loans before even approaching a lender.

With escalating real estate prices, home loans are a popular source of finance for people looking to purchase their dream abode. And while we enjoy some freedom in selecting the ideal home loan, it is important to remember that the ultimate decision on the amount and tenure of your loan will be determined by your bank.

That being said, of course you will have some control over the tenure of your loan repayment. And it is imperative that you contemplate your home loan tenure carefully before you apply for one.

What is Your Monthly Income?

Your monthly income is the most important factor in determining the tenure. As a rule, your EMIs (the amount you spend every month to repay your loan) cannot be higher than 50% of your monthly income.

So let us say you earn Rs. 50,000 every month and you’re applying for a loan of 24 lakhs. If you choose a tenure of 20 years, you will be paying an EMI of around Rs. 24,000, which is roughly 50% of your monthly income.

In this case, you will have to choose this plan as your monthly income is too low to pay a higher EMI.

What to Keep in Mind

When choosing a home loan tenure, there are several factors you need to keep in mind.

  1. Interest Cost

Your EMI (equated monthly installment) is the amount you give the bank every month in order to repay the loan. It consists of two components – the principal (a part of the actual loan amount) and interest (the cost of taking a loan from the bank).

If you opt for a longer tenure, your EMIs will be substantially lower. However, you will end up paying a lot more money in the form of interest over time.

On the other hand, if you opt for a shorter home loan tenure, your EMIs will be a lot more, but most of the money will go into repaying the loan, and you’ll spend a lot less on interest.

  1. Dependents

Another factor to consider is whether you have dependents in your family like children or aging parents. When you’ve got other financial responsibilities to take care of, it’s best to take a longer home loan tenure with a smaller EMI amount.

This way you can easily pay the EMI every month and have enough money left over to take care of your family.

If you live alone or with a working spouse, it’s best to take a shorter tenure with higher EMIs so you can clear the loan as quickly as possible.

  1. Monthly Income

This is quite obvious, but you need to be earning enough to repay the loan that you’re planning to take. Select a loan tenure based on your monthly income and expenditure. If you’re earning a large sum and have enough surplus left over after your expenses, then it’s best to opt for a shorter tenure and clear the loan amount quickly.

  1. Credit Rating

Banks will inspect your credit rating before agreeing to grant you a home loan. So be sure to make all your payments on time and avoid writing cheques when there is the possibility that they may bounce.

With a higher credit score, the banks are sure to grant you a lower rate of interest on a home loan. This reduced interest rate will grant you greater financial flexibility, giving you more control while determining your home loan tenure.

  1. Your Age

Younger borrowers often have a higher chance of receiving a home loan for a longer tenure, as they have more working years left. Banks want to ensure that you will be able to repay the loan before you retire.

This means that if you’re availing a home loan at 45, your home loan tenure cannot extend beyond 15 years. Some banks recognize the retirement age as 65, but most lenders differ in their opinions of the retirement age.

Weigh Out All Your Options

Taking a home loan is a big step, and you want to be sure of what you’re getting into. So conduct a substantial amount of research and learn everything you can about home loans before even approaching a lender.

Also, you want to approach various lenders and figure out the interest rates they offer. This way you can select the most cost-effective option. Happy home-loan hunting!



Tips to Follow While Moving to a New House

While changing homes may seem like a mammoth task, here are a few tips to break it down into smaller bits and make the move a lot easier.

Moving to a new house is a complicated and severely time-consuming affair. And if you are not adequately prepared, you are sure to come across many unforeseen problems during the move.

While changing homes may seem like a mammoth task, here are a few tips to break it down into smaller bits and make the move a lot easier.

  1. Make Packing Quotas

Most people tend to leave all their packing till the weekend before the big move. This results in an extremely stressful situation where everyone is in a hurry and under constant pressure while packing. And remember, once you have moved you will have to unpack. But if you decided to pack last-minute, you’re sure to be drained by the time you get to your new home.

To make things easier, set yourself some packing goals and pack your belongings over a week. Each day give yourself a packing goal and put away a certain set of things. This way you won’t have too much on your plate when it is time to move and you will have enough energy left to unpack.

  1. Move the Basic Stuff Earlier

Instead of waiting for the packers and movers to take all your stuff, make your new home a little more cosy by taking over some of the basics the day before. And by the basics I mean the things that need to be kept in the toilet or in the kitchen. This way you will have the necessities on the very first day in your new home.

  1. Let Your Movers Know What’s Up

If you’ve got a piano or a really heavy bed that needs to be moved, make sure you let your movers know in advance. It’s also good to let them know about the facilities in your current home/apartment, like whether they will have to use the stairs or the elevator to move your things.

By giving them an idea of what to expect, they have the opportunity to come prepared for the move, which will ensure a smoother operation.

  1. Label Everything!

Label every side of every box so you know what items lie in which box. The person moving the boxes may not always place the box with the label facing up, and this makes it difficult to find what you’re looking for.

By labeling all sides of the box, you reduce the amount of time taken to unpack everything.

As an additional tip, you can also drastically cut down on the number of cardboard boxes you use by packing most of your things in your suitcases, baskets, and laundry bins.

  1. Don’t Forget the Essentials

This is probably one of the most important aspects of the move – remember to contact all your utility companies and register your new address with them. This means your gas and Phone Company and your electricity supplier.

Do this as early as possible so that when you move you won’t have to worry about trivial things like cooking a meal or switching on the television.

Defrost the Refrigerator!

Another tiny detail to keep in mind would be to defrost your refrigerator before you move and wipe off any residual liquid.

While this is the least of your concerns, it’s still another task off your checklist of things to do to ease the move.

Follow these simple yet effective tips for a hassle-free transfer and enjoy your new home to the fullest!

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