Dream House - Heart Vs Mind

When the heart says "Yes" and the mind says "No"

Or the vice-versa

Whom should we follow??

It’s truly a million-dollar question. The answer may not be the same for all.

You need to think patiently, your gut combined with your best judgement will assist you to find the right answer for YOURSELF.

There are some external factors which pushes our brain to think a little deeper and counter our own intuition and hence we fall in a state of extreme dilemma which sometimes forces us to take an impulsive decision.

It’s only you who knows your financial commitments better than anyone else in the world, be it a wealth manager, financial planner or any other external expert.

Attractive offers, marketing strategies, fear of missing out (FOMO) pressure, etc. are some of the external factors which tempts you to take a quick decision and we get carried away to conclude in a hurry.

In my opinion, when it comes to Real Estate, we should not take any impulsive decisions and stop thinking about all the external factors since this will have a long-term impact. What will you miss? Honestly NOTHING.

“When you have money, everything is affordable 

and the vice-versa is equally true”

Rather, you should spend more time to plan your long-term cash flows wisely considering all your monthly commitments, family emergencies, children education, etc. and most importantly SAVINGS for any unprecedented situation in future.

Has your income really outgrown in the last few years? Please check your bank statement carefully and draw your net worth.

If all the boxes are ticked and you are satisfied that you can easily manage your cash flows in the long term, its always preferred to own a House than a rented property.

However, be careful and always remember that there is no harm in buying a small house and then look for an upgrade in future but the vice-versa might be painful.

Let's slow down and think wisely, before you plan your house-warming ceremony.

My best wishes !!

You can share your feedback or write to us for any real estate queries at "sundeepbararia@gmail.com"