You can also read this on BeingFinWise __ Buying a house is a big decision for most of the people. And more so for a first time buyer. And for someone who can afford it (with home loan and associated EMIs, most of the times) it is not an uncommon investment. In fact, lot of buyers buy homes as a investment, rather than as a place of residences. Given the amount of money one commits while buying a house which can be hefty 7 or 8 digit number (in Rupee terms) it is important to do a due diligence before taking the plunge and buying a house. Here are some of the common mistakes to avoid as you look to buy a house for living or just as an investment. For calculation & illustration I'll consider price of the house as Rs. 50 Lac. Of course, if you live in a metro city, you may wonder what you'll get for this amount! 1. Stretching too much with home loan The fact that you are eligible for X amount of loan doesn't necessarily mean that you use the entire a
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