Homebuyers should avoid common financial mistakes when purchasing

Homebuyers are advised to avoid common mistakes when purchasing apartments, especially in cities like Mumbai and Kolkata. Many overlook hidden costs, such as interior work and the financial strain of dual-income home loans, which can lead to difficulties. For example, a couple in Kolkata plans to buy a ₹1.2 crore flat but risks financial strain with their current savings. Financial advisors suggest increasing their loan amount to reduce the down payment, allowing for more savings. In Mumbai, another couple's planned EMI exceeds the recommended threshold, leaving them without liquid savings for emergencies. Experts emphasize the importance of budgeting for post-purchase costs and ensuring stability in the chosen city before buying a home.