Buying a House? Plan Before Taking a Decision!
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.