EMI or RENT, Long Term Goals


This is my first blog in  Real Estate.

I remember one of my friends, who’s searching for a home a few years ago. My friend’s name is Kalyan and he has been working in a MNC company since then. He is a very simple and humble person. He has two childrens. Kids are studying 2 and 3 grades at that time (7 years Ago).

Kalyan was thinking a lot about his children’s career, so he decided to Buy a home near to a school for ease of access. Searching all the Best places for children. Finally came up with the best option. That house is near to school(Children can go by walk to the school without waiting for the bus, or in traffic), markets and hospitals. At that time kalyan was confused a lot about buying home, cause is it a good choice or not. Because he was paying very less rent compared to the EMI (Rent was 10,000 and EMI was 25,000) When time flies the house cost varies from 40L to 65L(here the Property value is increased), and the Rental value came to 25,000. In these 7 years, he realized that he made an asset by himself. He also noticed that he got some Income Tax rebate on the EMI Interest as well. Gradually his salary also got improved and now he is very much affordable for the rent.


During this last 7 years all the required infrastructure also changed near to the flat he took, now he is planning to sell the flat and wanted to upgrade to a 3 BHK as his children grown and he wanted to take the flat near to His office so that he can have walk to work now and his children are able to reach there colleges on their own now.
                                                                       THEN

NOW

 If Kalyan chose a back step to buy a home at that time , it will really be a big loss of opportunity for him by now. Because we know how difficult it is to buy a home with high cost. Here the other thing is, in these 7 Years The house/flat/land value is increasing. There is no downfall in Real Estate. 



                  "So Buy Real Estate and Wait, but Don't wait to buy Real Estate."

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