How to Buy a House – A Guide for First-Time Buyers
The home-buying process can be challenging for a person without any prior experience. This is because you need to consider a lot of factors before making your decision. Let us learn more about how to buy a house for the first time. 3 Advantages of a First-time Home Buyer Tax Benefits You can claim tax benefits on the principal amount and the interest on your home loan. However, there are certain limitations when you get a tax deduction because the cost of the house should be under a certain limit. Such government policies keep renewing so you can read about them while researching. Government Schemes The government of India has schemes like Pradhan Mantri Awas Yojana (PMAY) and Credit Linked Subsidy Scheme (CLSS) for people who wish to buy a house. These schemes can lower your monthly payments and reduce the burden of paying a big chunk of money at once. Lower Interest Rates Whether you are checking out plots in Mangadu , Thirumazhisai, Madhavaram or any other n...