Buying a House? Plan Before Taking a Decision!

May 14, 2011     Posted under: Home Loan

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When should you buy? You should buy a home as soon as you can afford it, or as soon as your home loan application is approved

If buying for investment: From an investment point of view, buying a house is often likened to buying gold and putting it in the bank. Historically, realty investments in property have given very good returns

Financial Security: Buying a house is one of the few long-term investments with practical utility. Investment in property needs time to pay off returns

When applying for a home loan: Make a personal evaluation. If you are a frequent job-hopper, set your situation in order before applying

Peripheral expenses: There are also various legal formalities, including property and registration taxes. Not to forgot there are charges for Maintenance(IFMS) and 24X7 power supply these days. Also, Car parking, boundary walls, roads… take all charges into account.

NitiN Kumar Jain

Nitin works in an IT MNC professionally but blogs and owns NKJ Live. He is also the co-owner of a professional start-up ARGHAM BYTES

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