Budget & Homes
11 May 2015
Looking for the budget homes in Pune? Before going for the budget homes, you must find out what can be your ideal budget with your current income. Don’t worry; there is a great availability of affordable flats in Pune. Now, what you need to do is click the right button to choose your own budget home.
What is a budget?
A budget for your own home depends on your monthly income and your buying capacity. Usually, how much you earn and spend on the monthly basis are the most influential factors while deciding a right budget for your home.
The reason being that at the end of every month, after paying your EMIs your bank account must not go empty. Here are some steps to decide your budget for a home.
Calculate monthly income. Add expected bonuses provided by your company.
Calculate expected expenses monthly. Don’t forget to add monthly, quarterly insurance payments and taxes.
Divide your expenses in categories like fixed and variable. Do the same with your income.
After calculating the income, reduce all your daily/ monthly expenses, including taxes, savings and current instalments. The remaining amount will be your potential EMI amount.
Multiply the potential EMI amount by hundred and that can be the maximum budget for your home.(Note that banks may have their different techniques and methods to determine loan amount, still mostly the above is followed as a standard procedure)
How to choose a home?
Now, if your budget falls on a lower side, then don’t get disappointed. Budget homes in Pune are ready to serve you. When your budget is low, don’t try to adjust your basic expenses to increase it. Instead of it, look for affordable flats in Pune.
Goel Ganga Developers brings budget homes in Pune with Ganga FRIA, Wagholi, Ganga ARIA and Ganga NIWAS, Dhanori, Ganga KALASH, Vishrantwadi and SAI Ganga, Undri. You can get your own home in your limited budget that too with every possible amenity. Now you have some good options to choose a perfect affordable flat in Pune.