Why Owning a House Is Better Than Living in a Rented Flat?

 If you are in two minds about whether you should buy a property or you should rent it for your use, then this article will help in clearing away some of your doubts. Buying a property is a big decision because it involves a lot of your hard-earned money (sometimes your entire life savings). Therefore, any decision to buy a house should never be taken lightly and certainly not for emotional reasons. Whether the property is a super luxury apartment or one of the Amolik Residency: Residential Apartments and Flats in Faridabad, you have to take several things to consider before you make the final plunge of buying the house.

In this article, we will share with you the advantages that you will get when you buy a property, especially at a time when the interest rates are at their lowest. Therefore, if you are interested in investing in S3 Green Avenue: Residential Apartments and Housing Projects in Faridabad, then go through the advantages that you will get as an owner of your property.

No problem with the landlord

When you rent a property, then you have to follow the dos and don’ts that your landlord has laid down for you. While as an owner you have full control over what you want to do and how you want to do it in your home. You don’t need any other person's permission if you want to make any alteration so that it fits your changing needs or taste.

Create your assets

When you are paying rent, then you are not creating an asset that you can later sell for a profit. However, when you buy a flat, then over the years you will see that the valuation of the property will go up and you will get a tidy profit from your investment.

You have easy finance avenues available

Earlier it was very hard to get the money to buy a house for yourself in your salary. You have to wait till your retirement age to use all your saving money to buy the house of your dreams. Nowadays, you have easy finance options available for you and you can easily buy a house even when you are very early in your job.

Low-interest rate

Earlier the interest rate for any housing loan used to be 14% plus, but over the years it has fallen sharply. In 2020 interest the rate for housing loans fell even below 7% which made buying a house easier and affordable for people who are in the service as they have to pay very low EMI. This interest rate cut, which will continue due to the pandemic situation will make housing loans cheaper and more easily accessible to people who have a stable jobs.

These are just some of the advantages due to which you can easily afford a house and instead of paying rents you can pay that money as an EMI to pay back your home loan and at the end get a very valuable asset in your name, namely your own home. 

Website: https://www.affordableflatsinfaridabad.com/

Resource: https://affordableflat.livejournal.com/1553.html

More Resources:

- Important tips to buy a residential plot.

- Important sections of RERA you should know about.

- What things to look for in a real estate company?

- Things to look for when buying a Flat.