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But how long are you going to be in Airoli? If you are going to stay in Airoli just for 4-5 years, buying 2 BHK apartments in Airoli may not be a good idea.
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Whether to buy a house or not is an age-old question and has always been an important financial
decision. The shift from being a renter to a proud homeowner is something everyone looks forward to.
But there are certain things to be considered in order to make a sound decision. There are questions you
must ask and answers you must have to be able to decide if you must indeed buy a house. A lot of
people these days are considering buying a house in Airoli for its remarkable development and excellent
connectivity to all major areas in Mumbai. Here's what you must consider before buying a house in Airoli
or any other city.
Do the math - If you have just moved out of your parents' home for a job and like the vibe of Airoli, you
may be tempted to buy a house. But how long are you going to be in Airoli? If you are going to stay in
Airoli just for 4-5 years, buying 2 BHK apartments in Airoli may not be a good idea. However, it would be
a great decision if you are willing to give it on rent once you move back to your parents' home. Of
course, you will have to spend a bit of time in finding a good broker or consultant to manage everything
related to renting out the property. But if you are willing to put in the efforts, 2 BHK flats in Airoli can
prove to be an excellent source of rental income.
Debt-to-income ratio - Banks would like to know this ratio in order to
ensure that you will not default on the payments towards 2 BHK flats in Airoli Navi Mumbai. It takes into
consideration your outstanding loan amounts in proportion to your income to decide if you are eligible
for the loan.
Evaluate your financial situation - There are things only you can answer because no one knows your
financial situation better than you do. Whether you have the money to pay for the down payment, how
much would the EMI be, would you be able to sustain after paying the EMI each month for the 2 BHK
apartments in Airoli are things you need to ask yourself. You must also search for the best 2 BHK flats in
Airoli Navi Mumbai to take advantage of the location. Depending on your income, you should have a
property price in mind in order to look for only those 2 BHK flats in Airoli that are within your budget.
This kind of planning not only saves time but also gives you clarity while searching for flats as per your
A home buying decision is not an easy one. It’s better to wait and plan than make a hasty decision that
you may regret later. It is important to have a clear idea and only then decide if it makes sense in buying
a house at this point in time.