Owning a Home Versus Living on Rent: Which is a Better Long-Term Option?Posted by Chandak Group on February 8th, 2021 It's always a dream of every Indian to buy a house in the city of dreams Mumbai. But due to sky-rocketing property prices, especially in this city, have led people to opt for renting rather than buying. However, for wealthy people who can afford to buy a house, the choice between buying and renting is always a tough one. If a person is planning to stay in the city for the long term and has the necessary purse for the down payment and stable future cash flows, it is highly recommended to buy a property for sale on SV road. Owning a house forces savings, which most people would rather spend on renting a property. But there are always two sides to the coin. Thus, you should consider the pros and cons of each to figure out whether renting or owning is best for you. Benefits of homeownership over rental accommodations The main benefits of buying a property for sale on SV road and living in own home rather than a rented home are
Benefits of taking a house for rent
How to decide whether you should purchase a home or live on rent Many experts working in the real estate industry advise that youngsters consider buying a property for sale on SV Road in the early stages of their career if they are focusing on staying in a particular city. Because, even though it may seem difficult to manage the EMIs initially, after 5-10 years, when their salaries increase, their EMIs remain the same. Thus it would be a relatively lower proportion of your salary. Moreover, if you buy a 1 BHK flat for sale on SV Road, the property prices would have also appreciated multi-fold. Winding Up Thus now, if you are planning to buy a 1 BHK flat for sale in Borivali east or a 2 BHK Flat for sale on SV Road, you can visit www.chandakgroup.com as they offer you some of the best property deals in your budget. Like it? Share it!More by this author |