THE FACTS OF REAL ESTATE

Real estate projects are suffering from time and cost overruns as cash-crunched builders are finding it difficult to find buyers. This has put pressure on the prices and terms of trade have shifted in favor of the en user. Nonetheless, some basic facts must be borne in mind before deciding to make the down-payment for your dream home. First and foremost, one must be clear about whether the house is being bought for personal use or investment. Further, one needs to look at one’s payment capacity. Going by human nature, one may like a house which is beyond one’s budget. Is it advisable to stretch oneself to buy that dream home? If yes, how much should we borrow and what proportion should be faded internally. As a buyer, one should not be lured to buy a home only because the interest rates are low; rightly priced property must be available at a right location.