Living In A Own House Vs Rented House

One of the highly debatable topics
of all times is renting vs owning a home. We can find some people who prefer
the former to the later and there are others who prefer the later to the
former.People who prefer renting a home
to owning a home argue about the financial stability it offers in the long term
and ease to explore different localities, in the long run owning a home has
many benefits, though it is advisable to consider owning a home by keeping a
few things in mind such as present income, job security, available amount for
down payment, expenses and personal objectives. This will help you to make the
best decision.It is to be noted that one enjoys
freedom while owning a home. There is also a lot of emotion connected to it.
There will be many memories associated with it as well.Here are a few advantages in
owning a home.Financial asset It is true to the word that planning to own a
home leaves you in a financial commitment for the next 5 to 30 years depending
on your commitment. But by the end of the term you would end up having an asset
which is worthwhile. Residential Properties include
villas, homes, Independent houses, and townships. Contact property dealers in Bangalore such as
Keerthi Builders to receive assistance in buying a property. They deal with
affordable housing, gated communities, plots, individual houses and many more.Paying rent vs paying an EMINowadays we can find the average
cost of a rented home in Bengaluru for a 650 sq.ft. apartment is approximately ₹15,000. The
landlords also tend to increase the rent every year. On the other hand, the
lowest EMI for a ₹16 lakh home loan is about ₹10,600 at the
lowest rate of 6.95% and with a maximum tenure of 30 years. It is also to be
noted that the EMI for a ₹16.5 lakh home loan is approximately ₹14,300 which
is taken for a shorter period of 15 years. So it is advisable to pay your EMI
for a limited period and own a home for yourself rather than paying rent and
having nothing gained due to it.If you are concerned about the
building costs, Keerthi Builders offers a few pre launch projects in Bangalore.
These properties can be received at a considerably lower rate.Free from restrictionAll rented houses have their own
set of restrictions. It is always difficult to comply with all such
restrictions. Sometimes there will be a feeling that you are living in someone
else’s house. The feeling of independence will not be there. It is rather the
converse of this while living in a own house. There is freedom and no
restrictions. You are the king and queen and you are the boss of your kingdom.The best time to invest in a property in
Bengaluru is now than ever. The loans rates are at all time low and you can
find better offers than ever.