What is the right age to buy a house?

 What is the right age to buy a house? How will there be economic benefits? If you know this, you will get a benefit of 1 crore rupees

Right Age To Buy House: The dream of your home never gets old. Everyone tries hard to buy their own home. Demand for this specialty has grown significantly as a result of recent corporate scandals. At the same time, Corona has increased inflation. As a result, the prices of construction materials have gone up and will go up in the near future. Because of this, the big question in people's minds is when should they buy a house.

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What is the right age to buy a house?

The dream of your home never gets old. Everyone tries hard to buy their own home. Demand for this specialty has grown significantly as a result of recent corporate scandals. At the same time, Corona has increased inflation. As a result, the prices of construction materials have gone up and will go up in the near future. Because of this, the big question in people's minds is when should they buy a house.

Financial position is also important-

Most of the time a person buys a house considering his financial situation. From the down payments to heavy EMI payments, a lot of financial planning is required. But experts say the right age to buy a home. There are many benefits to buying a home at this age.

Get the most benefit between the ages of 25 to 30-

Economists say that if a person is able to buy a home at the age of 25, there is nothing better than this. Even so, owning one is still beyond the reach of the average person. But between the ages of 25 and 30 is the best age to buy a home. This will allow him to get the most out of his home loan.

One crore rupees will be saved-

If a person lives in a normal rented house and pays about Rs 1.5 lakh (Rs. 12000 to 13000 per month) annually, he will pay Rs. If he buys a house or a flat between Rs 30 lakh and Rs 40 lakh between the ages of 25 and 30, he will have to pay an EMI of Rs 30,000 to Rs 40,000 per month at an annual interest of 7.5 percent. Thus there will be a difference of about Rs. 1 crore between the total rent and EMI. That means he will get a direct benefit of Rs 1 crore.

ઘર ખરીદવા માટે કઈ ઉંમર છે યોગ્ય? કઈ રીતે થશે આર્થિક લાભ? આ જાણી લો તો થશેે 1 કરોડ રૂપિયાનો લાભ

ગુજરાતી મા વાંચવા અહિ ક્લિક કરો

Also tax deduction-

Apart from this, a person will also get a tax exemption of up to Rs 1.5 lakh on a home loan EMI. Apart from this, under section 24B, he can get savings of Rs 2 lakh per annum on home loan interest. This means that the sooner you take out a home loan, the more tax breaks you will get. After all, the growing family responsibility will not put an extra burden of EMI on you.