In today’s world, purchasing a house is not difficult, but buying a home is a long-term commitment. Buying a home is itself hitting a benchmark in your own life, as it involves a lot of excitement, anxiety, anticipation, and lots of monetary transactions.

The moment you are planning to buy a home or buy a piece of land, you need to set a budget. To buy a house, it is recommended to not spend more than 30% of your salary. This means all the loans, EMIs, and the overall value of the house should not be more than 20x one’s annual income.

The moment you are planning to buy a home or buy a piece of land, you need to set a budget. To buy a house, it is recommended to not spend more than 30% of your salary. This means all the loans, EMIs, and the overall value of the house should not be more than 20x one’s annual income.