Benefits of owning a house
Why Owning A House Is Better Than Renting
Why Owning a House is Better than Renting
No landlord trouble
When you have a home of your own, you are in control. You do not have to deal with a landlord; be it minor repairs or a complete overhaul of your entire home, living on rent is a pain in many ways.
Emotional Security
When you purchase a house, you provide your family their very own space; a home. At the end of a long day at work coupled with tiresome commute and continual stress, returning to your own nest brings alive a sense of security and comfort which is simply irreplaceable. After all, there is no place like ‘home’ where you can be truly at ease and just be yourself.
Easy Financing Options
Owning your dream home has become easier now with the availability of easy finance options. You need not wait till your 40s and 50s to accumulate money for your dream home. You can buy it in your 20s and be a proud owner of a fully paid off home by the time you turn 50 or even before.
Tax Benefits on HOme Loans
our home loan principal and interest repayment fetch you attractive tax breaks. And remember, renting actually is more expensive than just the rent you pay. Your cost is higher since you are not earning any interest on the deposit amount paid to the landlord (which is quite high in premium locations) throughout the lease term.
Building your own asset
When you are likely to live in a particular city for long, it makes sense to buy a house so that you have a feeling of belonging and permanency. You get to identify with the city and its lifestyle. You feel that you have finally settled in life. Besides property prices usually appreciate over the long term. Buying a home means you are also enhancing your wealth over time. Delaying your property purchase will result in having to invest a higher amount (in addition to having paid rent over an extended period of time).