Renting A House Vs Buying A Home
Considering that fact that purchasing a home can dig a big hole in your pocket, most young people divert their mind and begin their independent lives by renting an apartment. As they build their career, start saving and build a family, the need for buying an apartment, tops their priority list. Property rates in almost every metro city in India is ever increasing, the moment you feel you have sufficient money to invest in a property, you’ll realize that the rates have increased. Back then, in the early 2000’s that rates were pretty much affordable but if you Google the rates today, trust me its unimaginable. Although renting a home seems a better option at this point of time, both renting and purchasing a house comes with a set of benefits and drawbacks of their own. Listed below are the advantages of buying a home 1. Building equity over time 2. Tax benefits 3. Opportunity of earning rental income 4. Sense of belonging and community Reflecting upon the eve...