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New House vs Old House - Which is Best to Buy? When is it Profitable?
Original: New House vs Old House which is best one to buy ? ఏది కొంటె Profit ఎప్పుడు కొంటె Profit? Money Purse
Takeaway
Stick to the 28/36 rule for housing EMI and total debt, and never buy a house on FOMO without proper research.
Summary
- Cautions against FOMO-driven house buying just because 'prices will rise' or 'inventory will run out'.
- Introduces two affordability rules: Rule of 28 (housing cost <=28% of gross income) and Rule of 36 (total debt servicing <=36%).
- Compares new vs old houses across location, amenities, maintenance cost, depreciation and resale value.
- Emphasizes researching a property purchase the same way you'd read reviews before booking movie tickets - it's the biggest purchase most people will make.
real-estatehome-buyingrule-of-28
Original description
To support our channel use the link below IDFC free Credit Card (Free) - https://wee.bnking.in/ZTFkZTc1 AU Credit Card (Free) https://wee.bnking.in/NmZkNGQ4 You can compare Term Insurance here 👉https://bit.ly/46hsSJA You can compare Health Insurance here 👉 https://tinyurl.com/pgc9dcxc TELEGRAM: https://telegram.openinapp.co/money-purse New House vs Old House - "In this insightful video, we delve into the age-old debate of New House vs. Old House purchases. Whether you're a first-time homebuyer or an experienced real estate investor, deciding between a brand-new build and a pre-owned home can be a daunting task. Join us as we explore the pros and cons of each option, covering factors such as cost, maintenance, customization potential, and resale value. Discover the hidden charms of historic homes and the modern conveniences of newly constructed properties. We'll provide valuable insights, expert opinions, and real-life examples to help you make an informed decision that suits your lifestyle and financial goals. From the allure of character-rich architecture to the appeal of turnkey living, this video offers a comprehensive comparison to guide you through the maze of homebuying options. Whether you're drawn to the charm of a vintage home or the sleek finish of a new build, this video is your ultimate guide to navigating the New vs. Old house debate. Don't miss out on this essential information as you embark on your journey to finding the perfect home sweet home!" #newhouse #Oldhouse#preownedhouse #newhousevsoldhouse #financetips Stay In Touch👇 Also connect with us on👇 📷Instagram: https://www.instagram.com/moneypurseadv/ 🕊Twitter: https://twitter.com/Moneypurseadv 📱Facebook: https://www.facebook.com/moneypurseadv/ Thanks for watching.. Team Money Purse Chapters 00:00 New House vs Old House 03:00 Pros and Cons 10:32 Knowing your Financial potential 13:11 Legal Terms and Conditions to Check