Should I buy the house and pay EMI or choose this second option ?

POSTED BY ranj14 ON July 2, 2014 5:36 pm ONE COMMENT

Hi,

I am in my late 20′s and planning to buy an apartment.I am looking at a 70lk ~ 80lk home with say 25 lk down payment and rest in loan.  But when I really think about it, I feel that if I put 25lk in FD or other secure investment and religiously invest my EMI (around 30K ) in investment then after 10~15 years I will be better placed to buy a property if I need it with less loan and also have the luxury of living in places near to the place I work.

Is this a valid thought or Should I go ahead and buy a property?

thanks.

One reply on this article “Should I buy the house and pay EMI or choose this second option ?”

  1. sharath Mumbai says:

    It really depends on how necessary or important is it to own a house, appreciation chances of the property
    If property is 80Lakhs and down payment is 25 lakhs, then loan would be 55 lakhs and EMI would be ~55k and not 30k (just a thought – if property alone is 80L then you pay 10% extra as vat, service tax, registration, stamp duty, franking, brokerage all included. so now 88L)

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