From down payment to equated monthly instalments (EMIs) to location to additional cost for registrations, you need to consider a range of factors before you sign on the dotted line on a home. If you are asking yourself "am I ready to buy a house?", and if you are a first-time buyer, it would be wise to make a checklist before starting the process. But before you start the process ask yourself if you earn adequately to buy a property.