1. Question:-

I would like to buy a house before this year but I do not have sufficient financial resources that I can pay for it. My income and saving is not so good right now, getting mortgage will be difficult for me.

• What are the smart thing can I do for buying house in such situation?
• I need a financial advice to buy the house in such situation?
• Suggest the options that I can follow to buy?

Answer:-

Every home buyer should calculate their affordable price before buying. Calculate the followings to identify the affordable price

• Calculate your income, savings and debt obligation.
• Calculate your new loan assumptions.
• Explore and identify from where will you get loan.
• Calculate your cost benefit.
• Calculate your EMI.
• Request for sellers’ options.
• Offer your option to seller base on cost benefit.

2. Question:-

Price of apartment available in Kathmandu varies from 13 Lakhs to 1 Crore 50 Lakhs. How and what are the factors that justifies the price of the apartments in such variation?

Answer:-

The price of an apartment varies considerably with following factor:
1. Structure:

• Land.
• Geographical Condition of Soil.
• Land Terrance.
• Efficient Design and Layout.
• Floor Area Ratio.
• Workmanship Technology Used.
• Period of Construction.
• Finishing Materials Used.
• External Development Work.