{"id":42327,"date":"2019-07-18T18:08:20","date_gmt":"2019-07-18T12:38:20","guid":{"rendered":"https:\/\/www.newsilike.in\/?p=42327"},"modified":"2019-07-22T16:56:20","modified_gmt":"2019-07-22T11:26:20","slug":"new-age-home-features-millennials-want","status":"publish","type":"post","link":"https:\/\/www.newsilike.in\/new-age-home-features-millennials-want\/","title":{"rendered":"The New Age Home Features Millennials Want"},"content":{"rendered":"\n
\"Millennial<\/figure>\n\n\n\n

Millennials are undoubted the dominated\nworkforce of current times. According to an estimate, millennials control a\nmassive amount of money, which will become $24 trillion by 2020. They are\nsignificant parts of all the sectors, including real estate. Between the years\n2016 to 2017, one out of five millennials have purchased a new house and\nchanged trends in the housing industry. <\/p>\n\n\n\n

Currently, more than 20 per cent of\nmillennials is searching for a new property. This is a highly logical\ngeneration that has the internet to their aid. Their buying habits are\ndifferent from previous generations. Thus they are profoundly influencing the\nhousing trends these days. It can be said that in the coming future,\nmillennials will acquire a significant place as consumers in the housing\nmarket. <\/p>\n\n\n\n

Home loans for salaried employees <\/h2>\n\n\n\n

With millennials participating proactively\nin house purchases, more and more financials organisations bringing features to\nencourage them. The major part millennial population are salaried employees.\nSo, many banks and non-banking financial companies (NBFCs) are crafting new\nschemes as well as user-friendly facilities to make the entire home loan\nprocess straightforward. Any salaried employee crossed 21 years of his\/her age\nis under the criterion of home loan. The employees with stable jobs and\nconsiderable saving history opt for quick home loans approval. <\/p>\n\n\n\n

Home loans for self-employed business people <\/h2>\n\n\n\n

Entrepreneurs are blooming all around the world. There are many examples of start-up owners got exceptional success in their fields. There is a significant young crowd that is working for their self as entrepreneurs. These population has changed the dynamics of the employment sector in the last few years. Just like salaried employees, financial institutions have customised their home loans<\/a> schemed for self-employed business people too. Banks and NBFCs are providing facilities like flexible loan repayment tenure to business people. <\/p>\n\n\n\n

Modern problems, modern solutions <\/h2>\n\n\n\n

Millennials are researchers. They, make\ntheir decisions entirely based on their research or from their friends or\nfamily. They take the help of internet to search about the things they want.\nUsing smartphones or laptops with high-speed internet has empowered this\ngeneration of the enormous amount of knowledge about everything. <\/p>\n\n\n\n

Financial institutions are also adapting to\nthem. All banks, as well as NBFCs, are making their websites, where information\nregarding home-loan is readily available. There are many user-friendly\nfacilities just meant for millennials like online credit score calculators,\nloan eligibility calculators and many more. Furthermore, some websites let\nusers compare their home loans offered by different organisations. <\/p>\n\n\n\n

Affordability of the home loans <\/h2>\n\n\n\n

Millennials are the generation of highly\neducated people. Higher education comes with a cost, and roughly 46 per cent of\nthem are under the educational loan. Thus, the price of house mattered to them\nmore than the size. To encourage them to buy their dream homes, financial\ninstitutions are offering attractive home loan rates. These affordable home\nloan rates are tailored by considering the economic resources of the potential\nhome loan buyers. <\/p>\n","protected":false},"excerpt":{"rendered":"

Millennials are undoubted the dominated workforce of current times. According to an estimate, millennials control a massive amount of money, which will become $24 trillion by 2020. They are significant parts of all the sectors, including real estate. Between the years 2016 to 2017, one out of five millennials have purchased a new house and…<\/p>\n Read More<\/span> The New Age Home Features Millennials Want<\/span><\/a>","protected":false},"author":2,"featured_media":42329,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"Layout":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"The New Age Home Features Millennials Want #Finance","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[4634],"tags":[],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.newsilike.in\/wp-content\/uploads\/Millennial-home-buyers.jpg","_links":{"self":[{"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/posts\/42327"}],"collection":[{"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/comments?post=42327"}],"version-history":[{"count":0,"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/posts\/42327\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/media\/42329"}],"wp:attachment":[{"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/media?parent=42327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/categories?post=42327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/tags?post=42327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}