{"id":6313,"date":"2023-02-07T12:19:00","date_gmt":"2023-02-07T12:19:00","guid":{"rendered":"https:\/\/rakshithpai.com\/?p=6313"},"modified":"2023-02-08T13:41:19","modified_gmt":"2023-02-08T13:41:19","slug":"home-loan-good-investment","status":"publish","type":"post","link":"https:\/\/rakshithpai.com\/home-loan-good-investment\/","title":{"rendered":"Is Buying A Home A Good Investment?"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-662cc13654865\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\" style='display:none' id=\"ez-toc-cssicon-toggle-item-662cc13654865\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/rakshithpai.com\/home-loan-good-investment\/#Why_do_Indians_Prefer_Owning_Homes\" title=\"Why do Indians Prefer Owning Homes?\">Why do Indians Prefer Owning Homes?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/rakshithpai.com\/home-loan-good-investment\/#Five_5_Points_to_Know_Before_Buying_a_Home\" title=\"Five (5) Points to Know Before Buying a Home:\">Five (5) Points to Know Before Buying a Home:<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/rakshithpai.com\/home-loan-good-investment\/#Proper_Research\" title=\"Proper Research\">Proper Research<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/rakshithpai.com\/home-loan-good-investment\/#Credit_Score\" title=\"Credit Score\">Credit Score<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/rakshithpai.com\/home-loan-good-investment\/#Documents\" title=\"Documents\">Documents<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/rakshithpai.com\/home-loan-good-investment\/#Investment\" title=\"Investment\">Investment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/rakshithpai.com\/home-loan-good-investment\/#Other_Expenses\" title=\"Other Expenses\">Other Expenses<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/rakshithpai.com\/home-loan-good-investment\/#How_to_Plan_Your_Investment\" title=\"How to Plan Your Investment?\">How to Plan Your Investment?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/rakshithpai.com\/home-loan-good-investment\/#Invest_Early\" title=\"Invest Early\">Invest Early<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/rakshithpai.com\/home-loan-good-investment\/#For_example\" title=\"For example;\">For example;<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/rakshithpai.com\/home-loan-good-investment\/#Government_Benefit\" title=\"Government Benefit\">Government Benefit<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/rakshithpai.com\/home-loan-good-investment\/#Conclusion\" title=\"Conclusion:\">Conclusion:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/rakshithpai.com\/home-loan-good-investment\/#For_More_Information_Check_this_Video\" title=\"For More Information, Check this Video:\">For More Information, Check this Video:<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/rakshithpai.com\/home-loan-good-investment\/#Also_read\" title=\"Also read:\">Also read:<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_do_Indians_Prefer_Owning_Homes\"><\/span><strong>Why do Indians Prefer Owning Homes?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>In India, owning a home is frequently associated with a sense of pride, status, and accomplishment. <\/strong>That is the reason, Indians own most of their wealth in physical assets such as Real-estate, Gold &amp; Silver.<\/p>\n\n\n\n<p><strong>In fact, over 84% of India\u2019s wealth is in real estate. <\/strong>From a simple perspective, the house you stay in will be worth crores (if it is a self-owned property situated in a prime &amp; subprime area).<\/p>\n\n\n\n<p>Your entire neighborhood maybe is filled will crorepati. But, since most of their wealth is in real estate, the asset is nonliquid and the neighborhood seems middle class.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-horizontal is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-1 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline\"><a class=\"wp-block-button__link has-text-color has-background wp-element-button\" href=\"https:\/\/zerodha.com\/open-account?c=PR4768\" style=\"border-radius:50px;color:#0f0027;background-color:#e4fa00\" rel=\"nofollow\"><strong>Open Zerodha Account Now!<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p><strong>Most people acquire investment property for the sole purpose of increasing their wealth. Still, there are times when a person could purchase real estate without fully investigating the costs and implications.&nbsp;<\/strong><\/p>\n\n\n\n<p>The risk is that you will not make any money or perhaps lose money if you do this. The current state of the real estate market may only serve to compound your problems. To that end, run these five tests before making the life-changing decision to invest in real estate.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Five_5_Points_to_Know_Before_Buying_a_Home\"><\/span><strong>Five (5) Points to Know Before Buying a Home:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Proper_Research\"><\/span><strong>Proper Research<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>Investing is a huge deal, and research is crucial, especially in the property market. <\/strong>There are many aspects one must consider before buying. especially in the case of research. Evaluate the neighborhood&#8217;s &#8220;overall amenities,&#8221; as well as its &#8220;development in location, connection, crime rate, quality of the environment and people, highway access, utility centers, quality of schools, etc.&#8221;<\/p>\n\n\n\n<p><strong>I cannot overstate the importance of a good neighborhood when purchasing a home. Not only for your own safety and well-being but also because a bad neighborhood does not yield much in terms of future land value.<\/strong> You can&#8217;t count on seeing home-worth growth if you invest in a declining neighborhood.<\/p>\n\n\n\n<p>One must also check whether or not the local infrastructure will improve; whether or not the property is involved in litigation or is legally problematic; and who the seller is, among other critical considerations. As there are many factors involved, it is best to consult a professional before making any major decisions.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Credit_Score\"><\/span><strong>Credit Score<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>An individual&#8217;s creditworthiness can be expressed as a numeric value based on a granular study of their credit files.<\/strong> Most of the information in credit reports comes from credit reporting agencies, and credit scores are based on this information.<\/p>\n\n\n\n<p>For example, your credit score will be determined by your income and spending. If you earn well with sufficient savings, you may have a CIBIL score of over 800 <strong>(a CIBIL score of over 700 is considered good).<\/strong> And, on the other hand, if you earn less while carrying a certain amount of debt, your credit score will be lower.<\/p>\n\n\n\n<p><strong>In order to own a house on loan, you must be eligible for the loan amount, right? Such a loan amount and the interest rate change on your loan will be decided based on your credit score.<\/strong> If you have a good credit score, your bank will, as an incentive, provide you with a home loan at a reduced rate.<\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-wp-embed is-provider-rakshith-pai wp-block-embed-rakshith-pai\"><blockquote class=\"wp-embedded-content\" data-secret=\"yIKoPhl5gF\"><a href=\"https:\/\/rakshithpai.com\/credit-rating-importance\/\">Credit rating for Companies &#038; its Importance<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Credit rating for Companies &#038; its Importance&#8221; &#8212; \" src=\"https:\/\/rakshithpai.com\/credit-rating-importance\/embed\/#?secret=HcWxmFRROL#?secret=yIKoPhl5gF\" data-secret=\"yIKoPhl5gF\" width=\"200\" height=\"200\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Documents\"><\/span><strong>Documents<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>Do you know that even today, fake documents are a big issue in the real estate market?&nbsp;<\/strong><\/p>\n\n\n\n<p>Forgery is a punishable offense, and in the case of land documentation, fake properties are shown by a fake individual quoting false hopes. People buy the land believing it is available at a cheaper rate.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-horizontal is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-2 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline\"><a class=\"wp-block-button__link has-text-color has-background wp-element-button\" href=\"https:\/\/zerodha.com\/open-account?c=PR4768\" style=\"border-radius:50px;color:#0f0027;background-color:#e4fa00\" rel=\"nofollow\"><strong>Open Zerodha Account Now!<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p><strong>Apart from intentional fraud, there are many errors in property documentation that could make your life a living hell when the matter escalates. <\/strong>Because land cases are among those that have a lengthy legal battle. Some surpass even 50 years!<\/p>\n\n\n\n<p>Hence, it is highly suggested to never ever compromise on documentation. It\u2019s far better to spend on professional advice than to spend on a legal battle.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Investment\"><\/span><strong>Investment<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Real-estate investment is one of the costliest forms of investing. To get a better return on investment, we must buy properties in prime areas. <strong>And, since the demand for such sites is already high, the cost of owning a piece of land in a prime area will be 2x to 3x the stamp duty value. Very few have such a considerable investment at the initial stage of their career. <\/strong>So, many tend to take loans in order to own them.<\/p>\n\n\n\n<p><strong>Although real estate investing is a lucrative one, we need money &amp; influence to succeed in the industry. <\/strong>And, if buying a property for our own, then, having money saved up for a down payment is just our initial concern.<\/p>\n\n\n\n<p>The cost of owning properties can vary from a few lakhs to many crores. It\u2019s depended on how you spend.<\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-wp-embed is-provider-rakshith-pai wp-block-embed-rakshith-pai\"><blockquote class=\"wp-embedded-content\" data-secret=\"nDjInfpDnc\"><a href=\"https:\/\/rakshithpai.com\/build-investment-portfolio-from-scratch\/\">Build Investment Portfolio from Scratch:<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Build Investment Portfolio from Scratch:&#8221; &#8212; \" src=\"https:\/\/rakshithpai.com\/build-investment-portfolio-from-scratch\/embed\/#?secret=G68C3Qr8zg#?secret=nDjInfpDnc\" data-secret=\"nDjInfpDnc\" width=\"200\" height=\"200\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Other_Expenses\"><\/span><strong>Other Expenses<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>Owning a home is one of the major decisions in one&#8217;s life. <\/strong>And it is not as simple as paying a certain amount and making EMI payments until the tenure is up. No! A home loan consists of a variety of factors.<\/p>\n\n\n\n<p><strong>Additional fees, such as GST, registration, stamp duty, brokerage, furnishing, borrowing expenses, and more, can drive up the total cost of a real estate transaction. <\/strong>You&#8217;ll have to fork up 5% GST on a property that&#8217;s still in the building stages, plus another 5%-15% in registration and stamp duty, depending on local regulations. 5\u201310% more might be spent on furniture for the home. All of this will likely add up to about 15% of your starting price.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-horizontal is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-3 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline\"><a class=\"wp-block-button__link has-text-color has-background wp-element-button\" href=\"https:\/\/zerodha.com\/open-account?c=PR4768\" style=\"border-radius:50px;color:#0f0027;background-color:#e4fa00\" rel=\"nofollow\"><strong>Open Zerodha Account Now!<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p>In addition, a bank may fund as much as 90% of a low-value loan and as little as 75% of a high-value loan. You&#8217;re on your own for the rest of it. As a result, between 20 and 25% of the total budget should be available on hand before even considering a home loan.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_Plan_Your_Investment\"><\/span><strong>How to Plan Your Investment?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Buying your own home is not a simple task. <\/strong>In fact, in earlier days, our parents would contribute their life earnings just to get the house constructed. But, for that to happen, they would have to have the land purchased beforehand.<\/p>\n\n\n\n<p>Even now, you can buy land, but if the location of the property is near a prime area, the cost of the same will skyrocket. So much so that it&#8217;s impossible for a working-class individual to buy land without getting into debt. <strong>So, in order to avoid this debt burden, you can follow the mentioned steps early on to get a home of your own when the time comes.<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Invest_Early\"><\/span><strong>Invest Early<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>We know that owning a home is not an easy task. The initial down payments themselves be in lakhs.&nbsp;<\/p>\n\n\n\n<p>Achieving your financial goals in a timely manner requires early investment. If you start saving now, you&#8217;ll be in a better position to purchase a home when you&#8217;re ready. Applying for a mortgage in your twenties or thirties can allow you to benefit from a longer loan term, which will lower your EMI payments in the short term. But, by the end of the loan tenure, you&#8217;ll have a beautiful house with no other wealth.<\/p>\n\n\n\n<p><strong>Instead, you can get rich wisely with little risk if you start investing early and let the power of compounding do its work. Such an investment will grow rapidly on its own, and when the time comes, you&#8217;ll have enough corpus built up.<\/strong> Such an amount can be used for the purchase of a new home. With this, you may also be left with some amount of investment in hand.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"For_example\"><\/span><strong>For example;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p><strong>Imagine the situation of Mr.Ranju &amp; Mr.Raju.<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/rakshithpai.com\/wp-content\/uploads\/2022\/09\/Is-Buying-A-House-A-Good-Investment-1024x576.png\" alt=\"\" class=\"wp-image-6315\" width=\"1056\" height=\"594\" srcset=\"https:\/\/rakshithpai.com\/wp-content\/uploads\/2022\/09\/Is-Buying-A-House-A-Good-Investment-1024x576.png 1024w, https:\/\/rakshithpai.com\/wp-content\/uploads\/2022\/09\/Is-Buying-A-House-A-Good-Investment-300x169.png 300w, https:\/\/rakshithpai.com\/wp-content\/uploads\/2022\/09\/Is-Buying-A-House-A-Good-Investment-768x432.png 768w, https:\/\/rakshithpai.com\/wp-content\/uploads\/2022\/09\/Is-Buying-A-House-A-Good-Investment-150x84.png 150w, https:\/\/rakshithpai.com\/wp-content\/uploads\/2022\/09\/Is-Buying-A-House-A-Good-Investment.png 1280w\" sizes=\"(max-width: 1056px) 100vw, 1056px\" \/><\/figure>\n\n\n\n<p>Where Ranju Invested his Savings in Mutual Funds and ETFs and let his Investment grow for the next 20 years. <strong>At 12% ROI, and with an investment of just Rs. 25,000 per month, Mr. Ranju now has Rs. 2,49,78,698.&nbsp;<\/strong><\/p>\n\n\n\n<p>Even if Mr.Ranju wishes to spend Rs. 2 crores on his home and keep his balance of Rs. 49 lahks invested, he can have a happy retired life.<\/p>\n\n\n\n<p>In the case of Mr.Raju, who took a loan of 1 crore to build the house instead of investing. Considering an 8% Interest on a loan (Estimated CIBIL score &gt; 800 for easy calculation).&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-buttons is-horizontal is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-4 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline\"><a class=\"wp-block-button__link has-text-color has-background wp-element-button\" href=\"https:\/\/zerodha.com\/open-account?c=PR4768\" style=\"border-radius:50px;color:#0f0027;background-color:#e4fa00\" rel=\"nofollow\"><strong>Open Zerodha Account Now!<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p><strong>Mr. Raju will spend Rs. 1 crore in principal amount and an additional Rs.1,00,74,559 on interest charges.<\/strong><\/p>\n\n\n\n<p>So, to put it in perspective. Both Mr. Ranju &amp; Mr.Raju will have a home by the time they are in their 50s. But, Mr.Ranju will have his home paid in cash with an additional Rs. 50 lakh saved in Investments. Wherein, Mr. Raju will spend over Rs. 2 crores on the house he bought for Rs. 1 crore. But, Mr. Raju will have no other investments saved due to his choices made.<\/p>\n\n\n\n<p><strong>We still haven\u2019t gotten to the worst part\u2026<\/strong><\/p>\n\n\n\n<p><strong>With a 1 crore loan amount, Mr. Raju will be paying Rs. 83,644 per month in a Home loan. <\/strong>Wherein, Mr. Ranju invested just Rs. 25,000 per month. If we consider that Mr.Ranju saving up Rs. 83,644 per month, then, he\u2019ll have in his investment corpus, Rs. 8,35,72,729&nbsp;<\/p>\n\n\n\n<p><strong>Yup, you can be a multi-crore pathi!<\/strong><\/p>\n\n\n\n[We considered Rs. 25,000 per month as an investment because Mr. Ranju doesn\u2019t have a house while Mr.Raju does. So, Mr. Ranju will still have to pay for rent &amp; utilities].<\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-wp-embed is-provider-rakshith-pai wp-block-embed-rakshith-pai\"><blockquote class=\"wp-embedded-content\" data-secret=\"zTULXlvEZv\"><a href=\"https:\/\/rakshithpai.com\/stock-investing-beginners-guide\/\">How to Start Investing? A Beginners Guide to Investing.<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;How to Start Investing? A Beginners Guide to Investing.&#8221; &#8212; \" src=\"https:\/\/rakshithpai.com\/stock-investing-beginners-guide\/embed\/#?secret=OZdsAiq0Zj#?secret=zTULXlvEZv\" data-secret=\"zTULXlvEZv\" width=\"200\" height=\"200\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Government_Benefit\"><\/span><strong>Government Benefit<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>There are many government initiatives promoting first-time home buyers into buying one. There are certain tax exemptions and tax benefit schemes to promote home loans. <strong>Amongst many such schemes, the \u201cPradhan Mantri Awas Yojna\u201d is a notable one.<\/strong><\/p>\n\n\n\n<div class=\"wp-block-buttons is-horizontal is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-5 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline\"><a class=\"wp-block-button__link has-text-color has-background wp-element-button\" href=\"https:\/\/zerodha.com\/open-account?c=PR4768\" style=\"border-radius:50px;color:#0f0027;background-color:#e4fa00\" rel=\"nofollow\"><strong>Open Zerodha Account Now!<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p>If you or a member of your family do not currently own a home in India, you may be eligible for assistance under the Pradhan Mantri Awas Yojna (PMAY-CLSS) initiative, which is part of the larger Pradhan Mantri Awas Yojana. <strong>If you apply for a house loan under this program, the government will provide you with an interest subsidy upfront. This subsidy amount can drastically lower your monthly mortgage payment (EMI).\u00a0<\/strong><\/p>\n\n\n\n<p>For more information on the scheme, Check this link; <strong>\u201c<\/strong><a href=\"https:\/\/pmayuclap.gov.in\/\" rel=\"nofollow\"><strong>Pradhan Mantri Awas Yojana-Urban &#8211; CLSS<\/strong><\/a><strong>\u201d.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>For some, owning a home represents safety and peace of mind; for others, it&#8217;s all about ease and relaxation; and for still others, it&#8217;s a badge of honor and pride.<\/strong><\/p>\n\n\n\n<p>And then there are the house&#8217;s other problems to solve. Specifically, home purchases are often the single largest expenditure made by ordinary Indians. The question of whether to rent or purchase a home is one that many people must face. For a better understanding, watch the attached video.<\/p>\n\n\n\n<p><strong>A successful real estate transaction is usually the product of a thorough individual investigation into a number of factors.&nbsp;<\/strong><\/p>\n\n\n\n<p>The buyer should think about a number of things, not only the asking price and location, but also how much room they will need in the future, whether or not the area&#8217;s infrastructure will develop, and whether or not the property is involved in any pending dispute. Check the seller&#8217;s or builder&#8217;s reputation by looking at their past work and other things.<\/p>\n\n\n\n<p>I hope this article assists you in making sound decisions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"For_More_Information_Check_this_Video\"><\/span><strong>For More Information, Check this Video:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"ast-oembed-container \" style=\"height: 100%;\"><iframe loading=\"lazy\" title=\"OWNING v\/s RENTING A Home | Which Option Is Suggested For An Individual Beginning Their Career?\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/M4mO5MhYz0o?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/div><\/figure>\n\n\n\n<p><strong>Disclaimer: <\/strong>All the information on this website is published in good faith and for general information purposes only.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Also_read\"><\/span><strong>Also read:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><a href=\"https:\/\/rakshithpai.com\/dividend-yield-mutual-fund\/\" target=\"_blank\" rel=\"noreferrer noopener\">10 Best Dividend Yielding Mutual Funds:<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/rakshithpai.com\/best-sectors-wealth-creation\/\" target=\"_blank\" rel=\"noreferrer noopener\">7 Best Sectors for Wealth Creation by 2030:&nbsp;<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/rakshithpai.com\/futuristic-sectors-invest\/\" target=\"_blank\" rel=\"noreferrer noopener\">5 Futuristic Sectors to Invest in India:<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/rakshithpai.com\/build-investment-portfolio-from-scratch\/\" target=\"_blank\" rel=\"noreferrer noopener\">Build Investment Portfolio from Scratch:<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/rakshithpai.com\/rupee-cost-averaging\/\" target=\"_blank\" rel=\"noreferrer noopener\">Rupee Cost Averaging? How to Benefit from it?<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Why do Indians Prefer Owning Homes? In India, owning a home is frequently associated with a sense of pride, status, and accomplishment. That is the reason, Indians own most of their wealth in physical assets such as Real-estate, Gold &amp; Silver. In fact, over 84% of India\u2019s wealth is in real estate. 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That is the reason, Indians own most of their wealth in physical assets such as Real-estate, Gold &amp; Silver. In fact, over 84% of India\u2019s wealth is in real estate. From a simple perspective, the house you stay in will be worth in crores (if it is a self-owned property situated in a prime &amp; subprime area).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/rakshithpai.com\/home-loan-good-investment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is Buying A Home A Good Investment? -\" \/>\n<meta property=\"og:description\" content=\"In India, owning a home is frequently associated with a sense of pride, status, and accomplishment. That is the reason, Indians own most of their wealth in physical assets such as Real-estate, Gold &amp; Silver. 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From a simple perspective, the house you stay in will be worth in crores (if it is a self-owned property situated in a prime &amp; subprime area).\" \/>\n<meta property=\"og:url\" content=\"https:\/\/rakshithpai.com\/home-loan-good-investment\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/Iam.Mrpai\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-07T12:19:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-08T13:41:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/rakshithpai.com\/wp-content\/uploads\/2022\/09\/Is-Buying-A-House-A-Good-Investment-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Rakshith Pai\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Iam_MrPai\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rakshith Pai\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/rakshithpai.com\/home-loan-good-investment\/\",\"url\":\"https:\/\/rakshithpai.com\/home-loan-good-investment\/\",\"name\":\"Is Buying A Home A Good Investment? -\",\"isPartOf\":{\"@id\":\"https:\/\/rakshithpai.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/rakshithpai.com\/home-loan-good-investment\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/rakshithpai.com\/home-loan-good-investment\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/rakshithpai.com\/wp-content\/uploads\/2022\/09\/Is-Buying-A-House-A-Good-Investment-1.png\",\"datePublished\":\"2023-02-07T12:19:00+00:00\",\"dateModified\":\"2023-02-08T13:41:19+00:00\",\"author\":{\"@id\":\"https:\/\/rakshithpai.com\/#\/schema\/person\/5a10929466befdcdb3013e5341aeb693\"},\"description\":\"In India, owning a home is frequently associated with a sense of pride, status, and accomplishment. 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In India, owning a home is frequently associated with a sense of pride, status, and accomplishment. That is the reason, Indians own most of their wealth in physical assets such as Real-estate, Gold &amp; Silver. In fact, over 84% of India\u2019s wealth is in real estate. 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