We start with how to set a financial goal for your dream home because when it comes to dreams and aspirations, most people will have their dream home at the top of their list. Decision to buy your dream home should be backed by sound Financial Planning rather being an Emotional Decision. Financial Planning is very critical specially if you are buying a house on Loan.
The “HOME, DREAM HOME” is a sentimental objective of every individual those started their career in the recent past. It gives the immense pleasure of significant achievement in their lifetime. Hence everyone is diverting their sizeable savings towards availing a dream home. The objective of a dream home is not only to live and lead their comfortable life and also an asset creation to their next generation. We are spending the majority of our lifetime savings towards buying a home to lead our life happy and comfortable.
The question is, are we really living comfortably after the purchase of our dream house? I am sure; we will have some comfort level while living in own house rather than the rental house. However, there will be some sort of struggle after buying an own house due to lack of proper financial planning.