Remember that checklist you made at fifteen? Remember the dream of owning your sapno ka ghar? Today, when it has become almost impossible to merely purchase land and build the house of your dreams, buying apartments are the next best option. Sadly, the constant pressure of the rat race has dimmed our dreams too. Today, people have started making do with renting a house instead of purchasing it; a compromise our ancestors would have scoffed at.
Is it, however, a compromise worth making? What is better- buying or renting a house?
Let’s find out.
Pros and Cons related to Buying VS Renting house
Atmanirbharta: Once the hole in the pocket has been sealed and the EMI’s done with, a house provides lifelong security. Haven’t you grumbled many times about sudden hikes in the rent money which exceeds more than your scheme of things initially calculated? That wouldn’t happen with a mortgage.
Building Asset: Investing in real-estate especially today when the need for a property is greater than the availability, can never go wrong. There’s also the chance for a high percentage of profit if you later decide to sell your home, or the chance to live mortgage-free someday. Renting it off also ensures a continuous passive income for days after your retirement.
Emotional resort: Buying a house might be a big expense, but it’s also a chance to create a reservoir of memories within four walls that you won’t have to give up anytime soon. Also, you wouldn’t want to miss on the occasional cheeni-namak exchanges with neighbours, after all.
Playing your part: Many job opportunities are created where housing complexes are built, hence, they create employment to locals and overall development to the region. Because naturally, you would be pickier about stuff when the house is your own and who wouldn’t want to contribute to economics when it’s that easy?
Legacy and ancestry: What better than to pass on to your children than the house they grew up in? To ensure that your memories and your legacy live on forever after you are gone. Also, a property today opens economic avenues. Airbnb and Oyo rooms are examples of how having an apartment can help you jump into the full-fledged hospitality industry.
Conclusion
To bring your house woes to an end, Protech group one of the leading real estate developers in Guwahati is offering world-class residential projects in the heart of the city at affordable prices. To know more visit www.protechgroup.in. For 15 years, we are committed to fulfilling dreams because why rent a house when you can afford your own?
