When Should You Buy Your First House? | CA Rachana Ranade

In this video, I will be discussing with you all, how and when should you buy your first house, how to plan a budget for your house, and also I will be sharing my thought process behind buying a house property which will help you in making a wise decision when you decide to buy your first house.

Educate yourself and learn to invest better! 📚
Here’s enabling you to take one step towards your investment journey! 😊
Chalo Banaye Har Ghar Investor!

What is covered?
00:32 Introduction
01:37 What should be the budget for your house?
05:01 Practical Example
07:26 How to repay 20 years loan in 10 years?
11:03 What is the ideal time to buy a house?
12:35 How should you finance your house?
14:49 What things to consider before buying a house?
16:41 What qualitative factors should be considered?
17:51 Conclusion

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#RachanaRanade #stockmarket #firsthome

[amiteshsharma]

"apna ghar apna ghar hota hai" feel this line very emotionaly for lower middle class family🔥

[nileemasabnis]

Hi...I am CA. Nileema...I just came through your channel ...And kept watching and watching...It's a wonderful work you are doing to aware people about financial freedom...As we belong to same fraternity I really want to appreciate your work...Thanks

[domcity]

1:48 this is the best takeaway of this video.

In most other countries people pay 3 to 5 times of their annual salary for house. Depending upon budget and city, either standalone house or apartment.

However in India prices are already inflated 5 times due to black money holders and overall system. Hence common people are forced to pay 20 years of salary in advance unwillingly with home loan interests because it is a basic need.

Standalone bungalow on a dedicated land still has some value. However charging such ridiculous amount for 1k Square feet apartment is a cruel joke. That too with inferior quality materials with no guarantee whatsoever for construction, completion, quality & legal documents.

Government is there just to enjoy 6% stamp duty and GST.

No tv channels or newspapers will explain this because they get huge advertisements revenue from real estate industry. In fact they all are working hard to convince common people that apna ghar to apna hota hai etc. so as to pull back customers and make sure common man pay such unacceptable amount in advance to land owners, builders, corrupt municipal corporations and banks such that their system keeps going smoothly as before.

[amrithaaj]

As a person who is just about to buy a house, your video is GOLD!

[markcohwill]

The best investment one can do right now is investing on Forex trading though stocks are good but ever since I swapped to Forex, I've seen so much difference

[sportsvideos]

Live on rent for another 10 years and pay rent and invest the other money like emi initial payment etc in good mf or Stocks you can buy a house in 10 years with lot of cash extra too.. our society simply wants to leave in own house by taking loan and have a big Marraige by taking loan and suffer for rest of the life… work hard for 10 years and invest heavily. You can buy everything and have a better life in your 40s

[vaibhavgupta]

Hi Rachna. You have considered ctc as monthly income. For someone eaening 1 lakh per month, after tax and pf deduction they must be getting around 80-85k only in which case the emi would be almost 50% of salary. For someone in 30% tax slab it would be even higher

[nuggets]

I own various real estate properties but I'll always go for mutual funds or stocks and It’s quite feasible to make 6 figures trading monthly, I have made over $180k from July till now, with no funny or complex strategies.

[gautamipatankar]

Thnks you so mam for educating us on imperative topic. All these points helps us to dig down dip and take correct decision. Very helpful for people specifically coming from non commerce background.
I would like to mention here other than stock market … Rachana mam you are educating us to take correct financial decisions.. Big thanks.Jai Hind 🇮🇳

[karantidke]

You are saying asset to house but Robert kiyosaki says our house is not asset he gives argument asset is that makes money and liability is that we need to pay money and I also agree if our home value is not increasing yearly by 8% then this is a libality

[krishnakantupadhyay]

Pls make a video on purchasing the land and then building the house 😐

Cause except for the few cities in In India, people in most states still purchase a land and build their houses.

Also consider the point that they may construct extra floors to rent out 🙏🏻

[SUMANDEOGHURIA]

Why do you want to repay the loan early??? You can take an advantage of claiming income tax benefits also you can invest extra savings in index fund that can easily give you a 12 to 15% CAGR return.

[suni.shetty]

Have a question.

What happens after 100 years of apartment?
What happens to our next generation of ownership?

[thegoodwordproject]

Thanks for the great video! Would love a follow-up video on what is an optimal loan amount, keeping in mind the gains from tax benefits, possible gains from other investments; and adjusting for the interest payment corresponding to the home loan. Thanks in advance!

[shivpujari]

Too good 10/10 the way u explained i am speechless
Information was worth..
Being a teacher i feel ther such videos must be made compulsory for college students.
So they can plan for their future
Like saving investment n all
Keep it up mam..
Do u have trading class for freshers.?

[prachigulekar]

Such a informative video🙏..Ma'am you are one of the best teacher I have ever seen

[srinivastrcareercoach]

Be a Life Long Learner
Learning is the first step

Learn Invest and Prosper
Wow Har Ghar Investor
Extra EMI is Mind Blowing Bulb on moment
Qualitative and Quantitative Factors- Another GEM
Cheers

[nehafmrainbowdelhi]

Hi Rachna ji. I'm a 34 year old unmarried woman living in Delhi. I wish to buy a 2bhk house for myself. If I say that my salary is 65000 per month. Could you please suggest what should be the cost of the house I purchase and loan and tenure. Please guide!

[chantingconnection]

I think you should have minimum 50% funds in your account before paying the 20% or 30% as down payment to ensure that you continue to live the life and not just merely survive

[muraliishwar]

The problem is the amount of black money involved. On paper it is lesser per square feet, say in case of flats. So, other than the down payment amount, registration, lawyer charges, interior designing charges, etc., you also need 10 lakh hard cash which is not accounted. So, basically you need 20 lakhs with you before you buy a 2 BHK apartment in my region.