Buying a Home EARLY is NOT a Distant Dream

by Ramanujan Sahay Author

Time and money both are priceless and both need to be valued like your best assets. If used in the right manner they will definitely appreciate however, if not managed correctly they will slip off your hands like sand. When we say they will appreciate, we mean they can help you achieve the important goals of your life like owning a home and raising your standard of living.

There are people who learn to achieve this at an early age soon after they begin their career. If you save and use money correctly you can start with this as early as late 20’s or early 30’s. Following are certain tips which can help you orient yourself in the right direction:

Determination is Important

Be positive and start thinking in the right direction. Once you start earning and saving, divide your income into expenses, disposable income, savings and emergency fund. Emergency fund is what you would like to save for uncertainties, disposable income is the share of your total income you can use for leisure, the percentage you need to keep for your expenses is the part which you need for inevitable expenses and the share which goes to savings is what you need to save to accumulate for achieving your goal. You need to target the time period, considering your existing income, within which you can save the desired amount for down payment of your property. There are good home buying opportunities within a limited budget also like the brigade panorama price which is affordable for new home buyers and suitable for all income brackets. If you are determined to follow this, there is nothing that can stop you from realizing your dream of home ownership. Therefore it is important to start early to achieve early.

Explore

While you are about to reach your target savings amount, start searching for the possible properties which fall within your budget. Don’t restrict yourself to only the real estate professionals or only to internet survey or just the word of mouth information from people who have recently bought a residential property. If you are living in a place where a lot of new options are available like the new flats in Mysore road or in Whitefield Bangalore etc. you must personally go for a survey to these new townships and fetch information. While you do this, it is also important to connect with the local real estate agents who know the areas and properties well. Keep your information updated through internet forums and online discussion panels. These are best sources of information as people discuss their personal experience about owning a property from a particular developer.

Talk To Your Family

Buying a house is not a small decisions and must not be taken single handedly. Involve your family to decide the kind of home they would like to live in if they move from the existing one. These days a lot of trusted developers are offering good options like the recent Brigade Panorama Launch, which has luxury loaded with additional amenities. These are comfortable for all the family members.