Guide for buying a first home

Over the last week, I have published a few posts on my blog dealing with issues of first time home purchase. I thought it would be a good idea to combine all these posts to make a guide for home buying. As before you can follow the hyperlinks to get to the individual posts. New readers should read all of these to get a complete understanding of all the relevant aspects.

Should you buy your first home now outlines all the important factors that need to be taken into consideration when you are planning to buy your first home. The first case study talks of a situation where a family can afford the home they are seeking to buy. The next case study is of a situation where buying the kind of home the family is looking at will not be financially prudent. 

There is an idea some people have that investing in equity now and buying a home later on will work out better. This post handles that aspect and discusses it thoroughly. This first time home buying checklist will help you to make a better decision on whether you are ready to buy the home or not.

Most of us will need home loans to buy a home, get a fuller knowledge of it here. The next post outlines why you must try to pay your home loan quickly. The final post of the series looks at my own experience of home buying and home loan.

I hope armed with this knowledge many first time home buyers will be able to buy their own homes in a financially productive manner.

Interested readers may pls follow my blog on email by clicking on the relevant button on the right hand panel. I will shortly be stopping the practice of posting the links in different Facebook groups. Following the blog will ensure you get intimated whenever there is a new post.

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7 thoughts on “Guide for buying a first home

  1. Sir,
    I am 35 yrs old salaried person ( 14 L pr annum) want to buy a house in PUNE presently for investment purpose and latter for settling down here in Pune.
    My job is transferable and will keep changing every 2-3 years so I wont be staying in the house till I retire if I purchase now.
    Plz guide if i should go for such an investment in real estate or in something else.
    thank you

    Like

    • If you can rent it out properly then it makes sense to buy one. How much will it cost you? Also I suggest you get an overall financial plan done which will address such issues. If you want I can help you in getting one done.

      Liked by 1 person

  2. Sir,
    I plan to buy a 1.5 Cr Flat at Pune with a possession in 12 to 18 months. I think renting will not be . problem with a rental of 20-23K per month. But I wont be staying in that house for next 20 Yrs as i have a government provided house to stay close to my place of job.
    Now can you please advise if I should go for buying a house or wait by diverting money to MF / Stocks etc to accumulate capital for buying house just before retirement.
    Thank You.

    Like

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