1 / 1

2 BHK Flats in Airoli - Should You Buy or Rent a House?

This is an important factor and something you will have to deal with in the initial phase of buying itself. No matter how small 2 BHK flats in Airoli are, the bank or the lending institution is not going to give you more than 80-90% of the cost of the

rishantsingh
Download Presentation

2 BHK Flats in Airoli - Should You Buy or Rent a House?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 2 BHK Flats in Airoli - Should You Buy or Rent a House? The New Year ushered in a lot of new things including cheaper home loans. Today, buying a home has become more affordable than before. The dilemma however continues to hound people - whether to buy or rent a house. This is an important consideration especially if you are thinking of investing in a property in Airoli. Buying a house is a smart decision, though there are a few things that you must take into consideration before going ahead with your purchase. Let's look at the many factors that influence your decision. Do you have extra cash for down payment? This is an important factor and something you will have to deal with in the initial phase of buying itself. No matter how small 2 BHK flats in Airoli are, the bank or the lending institution is not going to give you more than 80-90% of the cost of the property. So the balance 10 or 20% percent for down payment has to come from your own pocket. You need to do a bit of math to decide if you can actually bear this cost. You will have to choose 2 BHK apartments in Airoli keeping this factor in mind. May be you don't have many responsibilities and you can easily afford the EMIs but all this is possible only after you pay the initial amount for down payment. Debt-to-income ratio - This is yet another important factor to consider while deciding to buy 2 BHK flats in Airoli Navi Mumbai. When you apply for a home loan, your bank will look into the number of existing loans to calculate the debt-to-income ratio to decide if you are eligible for the loan. This ratio helps them decide whether you would be able to make your loan payments on time. Your job - Your job can also be a big deciding factor for investing in 2 BHK flats in Airoli. If you have moved to a city only for a few years, there's no point in buying 2 BHK apartments in Airoli unless of course you are willing to give the house on rent. You should be aware that managing lease and related things from another city will require a bit of efforts and time from your end and you should be willing to do the needful to keep it occupied at all times. When you buy a house, you lose the freedom to move to a different location if required. If you move to a new office, you may have to travel to a distant location every day simply because you are not willing to give your house on rent and move into a rented house yourself in the same city. 2 BHK flats in Airoli Navi Mumbai can be a great investment given the excellent development and infrastructure in that area. Just be a little realistic about your finances before you decide to buy a house in Airoli.

More Related