Tips to Save for Down Payment for your Dream HomeJuly 20, 2021

Tips to Save for Down Payment for your Dream Home

There is hardly anything more satisfying than becoming a homeowner; it’s not just mortar and bricks, but it’s a dream come true and the product of years of planning. While the majority of the payment is taken care of by a home loan, you need to save up judiciously for the initial down-payment of your home. Remember, the larger the down payment, the lower the home loan needed. Your strategy should be to start young and tuck away a percentage of your income every month. Here are some tips to help you get there:

Start a dedicated fund

A dedicated monthly savings account for funding your dream home should be part of your financial plan. Be realistic when creating your saving strategy so that its easier to follow. The money saved can be multiplied further by judiciously investing through various available tools. This could be in the form of mutual fund investments through SIPs, provident fund, recurring deposits or post office schemes. You could also consider tax-free equity schemes which have lock-in periods and good returns on investments.

Emergency fund

Aside from your saving for your home, you should have an emergency fund in place for those unexpected situations in life too. Having an emergency fund will ensure that your home fund stays intact and untouched.

Cut down on expenses

You don’t really need to splash out on a big expensive car, that large-screen TV or an elaborate vacation every year while you are still trying to fatten up your home fund. Other seemingly smaller expenses such as eating out frequently, visiting bars or splurging out on clothes, jewelry or gadgets will only end up creating holes in your bank account.

Shop Online

Shopping online helps you compare prices and get better deals, hence you end up saving big if you are into e-commerce. Almost everything is available online from medicines to clothes, grocery, gadgets and even furniture!

Rent smaller homes

Another way you can save for your home fund is by renting smaller-sized homes. Living small is a smart move. However, remember to cut down on expenses, not put a lid on them. You can still save money while enjoying your life!


home design innovation - trivandrum real estate

Innovations in Home Designs: Builders Shaping the Future of Trivandrum’s Real Estate

Trivandrum, the capital city of Kerala, is witnessing a revolution in its real estate landscape, driven by innovative home designs… Continue reading Innovations in Home Designs: Builders Shaping the Future of Trivandrum’s Real Estate

Read More
apartment interior gardening

The Beauty of Interior Gardening: Bringing Nature into Your Apartment

The attraction of interior gardening lies in its ability to harmoniously blend the beauty of outdoor nature into the indoor… Continue reading The Beauty of Interior Gardening: Bringing Nature into Your Apartment

Read More
Hidden Costs of Home Loans

Hidden Costs of Home Loans: Understanding Fees and Charges

Embarking on the journey of homeownership is a thrilling venture, but beneath the surface of home loans lie hidden costs… Continue reading Hidden Costs of Home Loans: Understanding Fees and Charges

Read More

Related Projects

A few of our inspiring projects

Apartments in Trivandrum

Being the state political capital, an educational hub as well as home to Kerala’s largest and rapidly-expanding IT hub, Artech has realized the growth potential of Trivandrum as a prime spot for real estate investment. Artech builders in Trivandrum offer a number of lavish and eye-popping apartment projects located in classy niche areas to inspire you.

Apartments in Thrissur

The city built around the base of a 65-acre hillock is steeped in rich cultural and spiritual history. Aside from being known as the cultural hub of Kerala, Thrissur is also known as a major business center. Artech offers Thrissur, one of its finest creations to-date, the Artech Gateway, featuring exclusive lifestyle apartments.

Apartments in Kollam

Located on the banks of the scenic Ashtamudi Lake, this ancient city dating back to the biblical times, has a strong commercial reputation. The verdant beauty of this city also attracts many people to set-up homes here. As flats in Kollam are in great demand, Artech Realtors have a number of luxurious projects offering superior homes with amazing blue vistas to its residents.

Apartments in Kottayam

Kottayam has always been at the forefront for education and literacy. Aside from this, it’s a peaceful town that thrives on commerce. Artech Realtors have given Kottayam their first taste of high-end luxury living with Artech Rio. The unending views of the surrounding greenery, the meandering river and outstanding amenities makes life in these classy apartments one-of-a-kind.

Apartments in Thiruvalla

Thiruvalla, which has earned the moniker the ‘Land of the NRIs’ is situated on the banks of the Pamba and Manimala rivers. With a paucity of suitable homes for the cream of the society, there was a glaring need for luxury flats in Thiruvalla. The blissful Artech Kaazhcha apartments offer an inspiring mix of high-end comfort and luxury.



The information provided on this website is meant for general guidance. Though we have taken utmost care on the accuracy of the contents, the customer should make an autonomous assessment of the contents. However, the prospective buyers should rely upon the terms and conditions of the sale and construction agreement between the Builder and the Client.

The visuals of the projects symbolize artistic impression only. The information contained herein including the fittings, finishes, features, floor size and color etc. in the visuals are subject to change. However, the plans & specifications indicated in the Builder and Client agreements are final and we have not authorized anyone to make any oral commitments or promises on our behalf in regard to the plans and specifications of the apartments/projects.

For any clarification please feel free to call +91 9847 600 600 or walk into our offices. Our representatives will always be at your service.