Facebook TwitterLinkedInYoutubewhatsapp Start Planning for your Financial goals
Schedule Your Free Consultation
  • Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Holistic investment planners, financial planning Chennai, Private wealth management Chennai

Holistic investment planners, financial planning Chennai, Private wealth management Chennai

Financial Planning chennai India, Private wealth management chennai India, Investment Advisory India, Systematic Investment Plan, Mutual Fund SIP, Mutual Fund ELSS, Tax Saving scheme

  • Home
  • About Us
    • Who we are & What we do
    • Services
      • Financial Road Map
      • Retirement Roadmap
      • Asset Allocation Plan
      • Webinar
      • Money Management
      • Wealth Management
    • In the Media
    • Testimonials
    • What Makes Us Different
    • How we can help you
    • Specialties
    • Honors and Awards
    • Vision & Mission
  • Resources
    • Blog
    • Articles
    • Podcast
  • Ideal Client
  • Contact Us
buying dream house

3 most important things to consider before buying your dream house

by Holistic 1 Comment | Filed Under: Investments

Listen to this article


Buying a house is considered as one of the top priorities for any individual. At the same time, buying a house is the most time consuming and high energy demanding task of our lives.

‘I bought a house for ‘x’ amount 5 years back. My friend who invested same amount in other sources has earned double than me’, many ask me such questions. What goes wrong while buying a house? Thought to share a write-up on three important factors you must consider while buying a house.

1. Where exactly you want to own a house?:

Location is the primary factor to consider before buying a house. Where exactly do you want to live? In an urban society or a rural area? Look at the factors where you can compromise. For example, assume your children are studying in a reputed school which is near to your new home but your work place is quite far. Look for opportunities to move your job near your new home. Or are you ready to travel a bit far for your work?List down

similar factors and choose the best combination before buying a house.

Remember, Safety is very important. Check whether you have public utilities like hospitals, police station or fire station nearby, so that you are safe during any emergency.

2. Do you know the total price of the house you want to buy?:

Money decides everything in our day to day life. The second most important thing is the money you want to allocate for investing in your new home. Check the purchasing price. You must analyse the impact it will create on savings that you have as of now and other expenses you do every month.

Your job or earning power is very important to be considered while budgeting. Do you have a permanent job or steady income? If not, analyse how purchasing a particular home will affect your expenses if you do not earn steadily for a particular period. Normally, we assume that the price of the property is the total price. If you are buying a loan, adding the down payment, interest and the total price of the house will give you the total price. You can calculate the monthly payment as well from the total price.

Check the total price of the house whether it will have net worth in the long time. If you want to sell your house at any point in the future, you must know the approximate price you will get. To forecast it, check the purchasing price and the current value in the neighbouring properties. If the difference is good enough, you may very well know that your house will also fetch you good return in the long run. However, you must understand that the builder reputation, size of the house may raise some concern though in the future.

3. What type of home you want to own?:

Have you been dreaming to own a house like Tamil poet Bharathiar? A house with pretty pillars, a pond, 10 or 12 coconut trees, moon light shining like a pearl, soft song of nightingales with a cool breeze to make you happy. A separate house with your own garden and privacy will sure make you happy. At the same time, you must understand the responsibilities it brings in. You are solely responsible for the maintenance and repair works. If you are ready to take this responsibility, you are all set to go for a villa or a separate house.

Apartments come with lesser responsibility compared to villas. You will be sharing the common space with others apart from owning your living space. Even though maintaining the overall property is taken care by the home owner associations, you have to pay a share of overall building maintenance. Most of the apartment complex associations will have control on the changes you make to your house.

Some important questions to add in the checklist before choosing your dream home.

a. Is the location appropriate for me and my family to commute to work, school, public utilities?

b. Can I afford this property? Will I be able to maintain the same lifestyle after paying for the house?

c. Do I need a villa?

d. What disadvantages do I have in owning a villa?

e. Will I be happy in this apartment?

f. What is the maintenance fee involved in my house?

g. Can I afford the monthly expenses after owning this house?

There are gated communities with villas, apartment complexes built by the reputed builders nowadays. Check for the monthly maintenance fee associated with living in such communities. At times, you end up paying huge sum periodically to maintain the overall community and security. Can you afford it?
Think multiple times before investing.

Hope the above points could have given you a right perspective about buying your dream home. To get right perspective about your complete personal finance, you need to have a healthy financial plan. If you want to understand our 360 degree financial planning process, we offer
 
service_banner

Reader Interactions

Previous article: How to Control Risk and Reap the Rewards from your Investments?
Next article: An overview of taxation on India ESOPs for US based NRIs

Comments

  1. Nisha Patel says

    April 12, 2018 at 2:41 pm

    Great article !!! I appreciate the help in choosing a home! Me and my husband are finally going to buy our first home this year, and we want to make sure we choose the right place. I like that you mentioned what are the crucial points that need to consider while buying a new home.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Client Login

Recent Posts

  • How to Become a Crorepati by just Investing Rs. 10000 per month?
  • How to invest in Mutual funds without losing a single rupee?
  • Chit Funds vs Mutual Funds: Which is better to invest in the long run?
  • Max Life Flexi Wealth Plus: Review (2023) – Should you buy?
  • LIC Dhan Varsha Insurance Plan: Complete Analysis & Review – Should you buy? 
Jey S
Jey S
24. September, 2021.
I have been using Holistic Investment Planners for the last three years. Mr. Srinivasavaradhan answered all my questions and doubts very patiently during the first free consultation. I was able to clearly define my short-, medium- and long-term goals once I signed up for the comprehensive plan and got their investment plan suggestion to achieve my goals. They are very polite and highly professional whenever I contact them for any queries or make investments. They never pressurize you to invest on their recommended financial products. I would have been lost money by investing directly without their help since I do not have time and knowledge about different financial products. Risk planning is also done as part of financial planning. Truly, they are holistic planners when it comes to your financial planning. They help you to define your life goals, understand your financial resources and establish a plan to invest towards reaching those goals. They do review your plan as you progress to make sure that you are on correct path to achieve those goals. Kudos to the team and keep up the good work!!! I am happy that I found holistic investment planners for my financial planning and management.
aksaswadkar
aksaswadkar
24. September, 2021.
I was about to retire and really not understanding how to invest money to have financial freedom and fulfilling my goals. Was desperately searching on internet way out and fortunately came across Holistic Investment Planners. I read number of articles on their website and realized that this is the agency which I want and engaged their services for my retirement planning. It is an excellent experience to be associated with Holistic. Right from day one our interaction was fantastic and they gave me such a wonderful plan that I had never imagined. I am fortunate enough to be in the client list of Holistic. I have recommended Holistic to my friends as well.
Lionel Faber
Lionel Faber
16. September, 2021.
I've been availing their services for the past year. They are highly knowledgeable in the field and are very patient with all doubts and queries. Personalized financial planning is provided keeping your short term, medium term and long term goals in mind. They do not pressurize you to purchase schemes of their choice. They provide their input and suggestions and leave the decision up to you which shows their honesty and high principle.
Sridhar
Sridhar
8. September, 2021.
Financial planning brings peace in life. Holistic Investment have supported in arriving financial plan based on future goals. My investments are regular since then. They are professionals in their business, will recommend others.
Nitesh Agrawal
Nitesh Agrawal
6. September, 2021.
I have been using Holistic Investment Planners from last one year. The journey has been fantastic. Being a finance person myself I always thought we can look after and plan own finances also. However, due to lack of time and deciplain the things are not always as desired. After joining with Holistic Investment for the first time Icame to know the Financial goals and quantified them. Some dreams were unrealistic based on the earnings and savings so had a reality check. Also got the information and deciplain of investing on regular and more rewarding securities. I definetly suggest to use Holistic Investment Planners. They are professionals, available and hear youor full story before presenting plans. They are flexile in the sense if there are some urgent deviations required, they help to plan the same. For all professionals/individuals I would suggest using professional help of Holistic Investment Planners for best results in long term investment and financial goals achivements. Last advise will be to start early in your life. It really pays well to start in the beginning itself else the dreams needs to adjust :)
Swetha Vasanth
Swetha Vasanth
6. September, 2021.
This is my first year service with the Holistic Team and I would say that they are very much helpful in creating a financial plan and follow ups during the year. I would definitely suggest them if anyone who is willing to proceed with their savings professionally.
Joseph Mathias
Joseph Mathias
6. September, 2021.
I came to know about Holistic Investment Planners online while searching for different investment ideas. Once I contacted them the journey was very smooth. Mr. Ramalingam explained all the aspects of Financial planning in detail and it opened my mind. I realized how important it is to have a Financial planning. Mr. Rajan suggested all the requirements as per my goals and made a Investment plan keeping in mind of my goals. I started my Investment journey with them. I wish I had done it some years back then it would have been in a different level. Review meetings were held every six month to check the implementation of the plan and check the results as per the requirements and to check if any changes required. Overall it was a good experience with Holistic Investment team and would like to continue in the years to come.
Srinvas Kannan
Srinvas Kannan
30. July, 2021.
I came across Holistic investment planners almost 5-6 years back, but I did not have the trust since I had met a few of them who did not sound promising. Then I started investing through a financial advisor of my friend. After 4 years of investing the returns were very low. I was disappointed and started looking for financial advisors when I came across Holistic investment. I had a detailed discussion about my goals and the way they would approach achieving my goal before deciding to switch my investments to them. After a thorough analysis of my then existing portfolios, they suggested new ones and we zeroed-in on 6 schemes/funds where our investment would be split. I am glad I made the decision of switching over and taking Holistic planner's advise, my returns are handsome and I only wish I could have taken their help/advise 5 years back itself. Neverthless, I would like to recommend their services for investment and financial advise if someone is serious about their investments.
Shivaram Andiappan Selvaraj
Shivaram Andiappan Selvaraj
3. July, 2021.
I got a free first time consultation. I got my doubts resolved. They also gave additional advises for investment planning which was also useful.
Nellai B
Nellai B
26. June, 2021.
I have been associated with them for the past three years. They are very professional and polite in answering all our questions. I have complete trust in their suggestions. I strongly recommend for anyone. I am looking forward to have strong and successful association with them.
Google rating score: 4.4 of 5,
based on 61 reviews

Footer

  • Articles
  • Gallery
  • Ideal Client
  • Jobs(Full Time)
  • Podcast
  • Services
  • Testimonials

Connect With Us

Holisticinvestment.in
10/15, Second Cross Street,
Seethammal Extn.,
Teynampet,
Chennai – 600 018,
INDIA.

Copyright © 2022. Holisticinvestment.in | All rights reserved.    Cared with ❤ by T-Square Cloud

×