For my financial planning do I need to purchase house – Simplypaisa.com

For my financial planning do I need to purchase house

This topic has 2 replies, 3 voices, and was last updated 9 years, 3 months ago by Bhavna.

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November 17, 2014 at 9:43 pm #48508

samkapoor77
Keymaster

I am 35 years old, married with 1 kid. My annual earning is Rs. 26 lakhs. I have a total savings for Rs. 50 lakhs. I have a term insurance of Rs. 1 crore. I am invested in Principal Growth Fund (G) via SIP. What do you suggest should I buy a house or stay in rented accommodation forever?

November 20, 2014 at 8:17 pm #48509

Sameer Kapoor
Participant

All the rentals paid by you during your lifetime will be a waste and you won’t be accumulating any wealth out of these rentals. I strongly recommend you to purchase house property.

January 25, 2015 at 9:20 pm #48528

Bhavna
Guest

It is always advisable to have your own house as it is a necessity. You may ask this for buying second home where you should compare different investment options.
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