Buying a House or Staying on Rent? 5 Advantages of Buying a House

Buying a House or Staying on Rent – Which is a Better option? Here are 5 Advantages of Buying a House

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1. Long term Investment

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2. Source of Income

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3. Brings stability and predictability

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4. Modification

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5. Creation of asset

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Buying a House or Staying on Rent – Which is a Better option? Here are 5 Advantages of Buying a House

1. Long term Investment

In India, a house is considered as investment in an appreciating asset and it is believed that it will provide a good return on investment.

2. Source of Income

In India, a house is considered as investment in an appreciating asset and it is believed that it will provide a good return on investment.

3. Brings stability and predictability

The cost of EMI stays relatively consistent throughout the loan duration, which offers enhanced stability and predictability.

4. Modification

You can personalize your home to your liking and make changes to the interiors. This is not possible while staying on rent.

5. Creation of asset

Paying monthly rents does not result in creation of any assets. On the other hand, paying EMI’s increases the ownership in the property.

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