Buying a House / Flat
Points to Note and think before buying real estate
- Are you getting trapped in home loan EMIs
- Importance of buying home at right age with right resources
- Rent Vs. Buy decision
- Actual cost of the house (baserate + additional costs)
- Liquidity Crisis in Real Estate
Investment Mistakes – Over Exposure to Real Estate
- Overstretch your financials to own a piece a real estate
- Liquidity related problems
- Maintenance costs of real estate
- Unregulated market – artificial pricing
- Stagnation problem
- In case you own 1 Residential Properties you should not go for 2nd Property. Other wise your whole life would go in paying EMI’s of Housing Loan.
- Too much investment in one asset class i.e. Real Estate becomes risky proposal.
- Easy to buy but difficult to sale at “Right Price” at “Right Time”.
- Price is negotiated like vegetable with lots of legal hassle.
- Real Estate investors are known for their Hard Work and are not able to enjoy holidays, leisure travel because of pressure of EMI.
- Maintaining Real Estate is not easy task at it appears to be.