Whether it is 2 BHK flats in Pune or a townhouse in San Francisco, there is always this dilemma- to buy or not to buy, or rent? Well, this debate would continue till perhaps the end of the world! Jokes apart, though, right now we bring to you a few reasons as to why is it a good idea to own a residential property!
1. Stable, My Boy
Owning a property imparts stability to life along with giving financial stability. Living in one place for years together helps you be a part of community activities, creates long lasting bonds and ensures advantage of educational continuity for your children.
2. Tax is not Taxing!
Most probably you are going to take a home loan, for instance, for one of those flats in Mundhwa or say Kothrud in Pune. Paying installments means that you get some tax benefits. Yay! We could use that!
3. Savings, the Saviour
According to a real estate portal, building equity in your home is a ready-made savings plan. Yes, so be it a flat in Pune or otherwise, having a property at your disposal is actually savings in disguise.
4. Freedom in Square Feet
Well, when you own a house, nobody would have the courage to stop you from decorating (or even messing up) your home!
5. Appreciate the Appreciation
Real estate prices are always going up. So you are surely going to get good resale value on your property if and when you sell it.
6. Get Equity
You are never going to see the rent money you pay. However, with each installment you pay, you build equity ownership interest in your home.
So after all this, what do you think? Is it better to own a property, for example, 2 BHK flats in Pune or rent it? The debate continues!