Why is it better to buy a house rather than rent it?
Confused between buying a house Vs renting a house? Well, you need not be because buying a house is far more advantageous than renting a house.
Furthermore, with the easy availability of home loans at an affordable interest rate, you need not worry to arrange capital to buying a home. You just need to contribute 10-15% of the cost of the property and the remaining amount will be financed by the home loan provider.
If you are still not sure here are some reasons why it is better to buy a house rather than rent it.
No More Rent
The money you pay as rent is essentially an expense. In comparison, the EMI you pay for on your home loan is an investment. The amount you might have been paying as rent can be utilized for paying your home loan EMI. This way, you don’t have to bear any major financial burdens when you purchase a home.
No More Security Deposit
Your landlord earns interest on the security deposit you pay, but you get nothing. The security deposit is essentially a dead asset for you. Why not use the security deposit as a down payment for buying a house?
No More Documents or Police Verification System
Getting a house on rent is quite a cumbersome process these days. You have to provide various documents and also undergo police verification. When you buy a house, you will be freed from all such hassles.
Capital Appreciation / How to make Good use of money?
The value of your house will continue to increase over the years. For example, a house that costs 50 lakh today may be valued at 1 corer after 10-20 years. In comparison, if you live on rent, you won’t be able to derive such significant monetary gains.
No More Dealing with Landlords
Dealing with a landlord is always a problem, as it’s largely a one-way street. In most situations, you have no other option but to follow the instructions given by your landlord. When you buy a house, you don’t have to deal with landlords.
And one most important thing, when you are buying a house, ensure that the property is located in a clean and peaceful neighbourhood. You also need to check for connectivity, amenities and social infrastructure.
All these factors will be crucial for ensuring an enjoyable stay in your new home. When these factors work in your favour, you will realize how advantageous it is to buy a house rather than rent it.
Therefore, if you are wishing to acquire a property for rental purpose then, Noida will be the best place from all perspectives which is always thrusting wide range of property and recently Godrej One South also known as Godrej Palm Retreat is coming with some awesome features which will definitely call your attention.
Furthermore, with the easy availability of home loans at an affordable interest rate, you need not worry to arrange capital to buying a home. You just need to contribute 10-15% of the cost of the property and the remaining amount will be financed by the home loan provider.
If you are still not sure here are some reasons why it is better to buy a house rather than rent it.
No More Rent
The money you pay as rent is essentially an expense. In comparison, the EMI you pay for on your home loan is an investment. The amount you might have been paying as rent can be utilized for paying your home loan EMI. This way, you don’t have to bear any major financial burdens when you purchase a home.
No More Security Deposit
Your landlord earns interest on the security deposit you pay, but you get nothing. The security deposit is essentially a dead asset for you. Why not use the security deposit as a down payment for buying a house?
No More Documents or Police Verification System
Getting a house on rent is quite a cumbersome process these days. You have to provide various documents and also undergo police verification. When you buy a house, you will be freed from all such hassles.
Capital Appreciation / How to make Good use of money?
The value of your house will continue to increase over the years. For example, a house that costs 50 lakh today may be valued at 1 corer after 10-20 years. In comparison, if you live on rent, you won’t be able to derive such significant monetary gains.
No More Dealing with Landlords
Dealing with a landlord is always a problem, as it’s largely a one-way street. In most situations, you have no other option but to follow the instructions given by your landlord. When you buy a house, you don’t have to deal with landlords.
And one most important thing, when you are buying a house, ensure that the property is located in a clean and peaceful neighbourhood. You also need to check for connectivity, amenities and social infrastructure.
All these factors will be crucial for ensuring an enjoyable stay in your new home. When these factors work in your favour, you will realize how advantageous it is to buy a house rather than rent it.
Therefore, if you are wishing to acquire a property for rental purpose then, Noida will be the best place from all perspectives which is always thrusting wide range of property and recently Godrej One South also known as Godrej Palm Retreat is coming with some awesome features which will definitely call your attention.
Comments
Post a Comment