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).

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Disclaimer

Reachmaxx Business Boosters, its directors, agents, employees, officers, and those otherwise associated with maintaining the information on this website believe that the information contained on this website is correct. Reachmaxx does not provide representation or warranties of any nature. All information (including but not limited to the property area, floor size, price, address, and general property description) on the Website is provided as a reference to you. It is provided to Reachmaxx Business Boosters by third parties. Information on the Website should not be relied upon. Customers should make their own inquiries and seek legal advice in respect of any property on the Website or the information about the property listed on the Website. Prices displayed on the Websites for the respective property are current at the time of issue but may vary at any time and are subject to availability.

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