Everyone has a dream of having a house of their own at a location of their choice, but it is not affordable to all the persons. Some folks have high income, some earn less. Suitability of an apartment is different to different people. Population in India is increasing at a higher pace that has lead to an acute shortage of accommodation. Owing to the reason, property rates in the nation have gone to peak heights. It is not easy for a common man to buy an apartment on his own. Real estate market in Delhi and NCR has been sailing at a rapid rate due to the burgeoning corporate sector in the region. Apartments for rent in Delhi are becoming costly with every passing day.
Advantages of an Owned House
Some positive factors of buying your own house are-
Freedom – Purchasing your own residence house is always an asset, as you are the ultimate boss of the house. You enjoy greater privacy and you can alter the residence according to your wish.
Stability – It is very necessary to be stable, to make a secure future for yourself. Holding your own residence give a steadiness in your life. For example, if you buy an apartment for sale in Delhi, you can easily decide about your future plans.
Future investment – Land rates in India are appreciating day by day, so buying a property can give you high yields in the upcoming time. Procuring a residence house can be a wise decision from investment point of view.
Tax relief – EMI and property taxes can relieve a little burden of income tax from your head.
Pros of a rented apartment
Some of the benefits of a hired house are as follows –
Luxury living – Opting for a leased residence can give you a fine taste of luxury, which you would have been unable to enjoy otherwise. Some apartments for rent in Gurgaon give you features of a luxurious lifestyle with normal rental cost.
Taxation help – You are not liable for paying any EMI or property tax if you don’t possess a house of your own. Insurance and other expenses are also saved with a rented house.
Cost friendly – Masses who do not have enough income to buy a new residential apartment can settle for less by renting a home.
Other amenities – A lot of apartment communities provide you other additional perks along with a place to live, such as parking facility, water, swimming pool etc. Companies hire fully furnished office spaces in Gurgaon and other cities because of the same reason that they get innumerable other assistances too.