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!
