The first nugget of investment wisdom one receives in an Indian household is – why owning a home so important for a healthy financial life. Save and invest wisely they’ll say. Put away a bulk of your income as savings before you work out on an expense budget. Consider long term planning over short term overspending. So, invest in a home as early as you can, but is buying a home really a wise decision?
The short answer is –yes. Let’s explore why.
Real estate prices are always on the rise
Haven’t we all envied those who inherit timely real estate investments? Large properties and spacious homes bought when the prices weren’t skyrocketing. A massive profit is made on these investments. It’s time to put what you know to be a proven fact into action. Prices may fluctuate temporarily but they’re always going to rise over time.
It’s a straightforward learning. Prices will rise. So, invest early on to reap a higher return on investment especially when it comes to buying a home. Real estate is a wealth accumulating strategy.
Peace of mind
It’s no secret that buying a home ensures peace of mind in the long run. Whether it’s a career switch you’re planning or investing in a business, buying a home of your own to fall back on will always mean financial security. Apart from jotting down a permanent address on all your forms, you will have a place that will always be home.
It means sustainability and stability. In unsure times it is a fool proof security to take on risks. Arguably the biggest strength backing you up as you forge forward and make your way in the world.
Your safe harbour in troubling times
The current COVID19 pandemic is teaching us all important life lessons. Owning a home in these uncertain times is a proven advantage. Do you have somewhere to go? Do you have guaranteed rights as a homeowner? Have you built an asset to tide you over when things are going wrong? Come what may, if you own a home, you and your family will have a safe haven to come back to and rely on.
Under lockdown, many have lost their jobs and are forced to move back home. Renting under these circumstances can be a problem with its own set of complications.
Freedom
Freedom to decorate, furnish, plan and create your personalised living space. It is tiring to be bound by a landlord’s restrictions on what you can and cannot do. From hanging up photo frames, painting the walls a colour of your choice, renovating and customizing your kitchen to your exact needs, owning a home is absolutely important when it comes to building a life and a suitable lifestyle. Absolute freedom for all your choices, you are the master of your fate and your home.
Prepared for retirement
The first sign of a life well lived and a future well secured, is having a home to retire to. You work hard to save up and retire. A secure retirement is rent-free with plenty of savings and hopefully a pension plan. When you’re older and reliant on others, you need stability more than ever. Owning a home is important for financial independence in your old age. Build today what you need tomorrow.
Buying a home early can help you build your today with what you will need tomorrow. The sooner you do it, the sooner you secure your future. Tax benefits, schemes, buyer-friendly loans and payment plans that suit your exact needs are extremely helpful for someone looking to buy their own home.
If you’re looking to buy a flat in Guwahati, Protech Group is the best builder. It’s a long term investment. Visit www.protechgroup.in today as 100s of happy families have placed their trust in us and secured their future. Come join our growing community. Speak to a representative today. Click here to request a call back.
