Decision to buy your dream home should be backed by sound Financial Planning rather being an Emotional Decision.Financial Planning is very critical specially if you are buying a house on Loan. Here are some essential points for proper financial planning before you buy your dream house.
1) Monthly Household Expenses
2) Loan Amount
3) Next Six Months Liabilities
4) Existing Loans/Debts
5) Three Months EMI as Reserve
6) Budget for Interiors / House Furnishing
7) Regular Income Source
8) Emergency Fund
The question is, are we really living comfortably after the purchase of our dream house? I am sure; we will have some comfort level while living in own house rather than the rental house. However, there will be some sort of struggle after buying an own house due to lack of proper financial planning.
So you have always wanted to build your dream home. We can help you achieve your dreams with our comprehensive plans for every style and budget.