Ever dreamed of owning your own home? It’s a big step, but planning makes it easier!

This mission will teach you the basics of buying and maintaining a home.

Here are a few tips to help you understand homeownership:

• One-Time Costs: When you buy a home, you’ll face one-time expenses like the down payment (usually 10-20% of the home price), registration fees, and legal fees.
• Recurring Costs: After buying the home, you’ll have regular expenses like EMIs (loan repayments), property taxes, maintenance charges, and utilities (electricity, water, etc.).
• Savings Strategies: To save for a home, you can:
  • Start a separate savings account for your down payment.
  • Cut back on unnecessary expenses.
  • Invest in low-risk options like fixed deposits or mutual funds.
• Budgeting: For a monthly income of ₹50,000, spending 40-50% (₹20,000-25,000) on an EMI is manageable. Plan your other expenses around this.