Advantages of buying property over acquiring rented property

Posted by sherwoodsproperty on August 6th, 2019

When it comes to decide between buying or getting rented property, buying home is often considered a better option for many good reasons:

  • When you buy your home, it gives you better control over property and you can make improvements in it. On the other hand, when you acquire rented property, there is less enthusiasm to make improvements in it as you may have to leave the property in future
  • When there is increase in the value of your home, it creates equity and allows you to trade up on your next move
  • Most people believe that mortgage repayments are better option than paying rent as eventually you will own the property
  • Owning a property means you can reduce your living cost as you don’t need to pay rent or mortgage later in life
  • In retirement, you can also release equity from your home using certain scheme to support your retirement.

Investing in the new build home for sale in London

When you are looking to buy property in London, the new build homes in London are great options in many ways:

home for sale londonuk,letting agents london, london apartments for sale

  • New homes are being designed to meet the demand of modern home owners. These home soften feature modern amenities, and furnishings like open-plan designer kitchens, en-suite shower rooms, private balconies etc.
  • There are very few maintenance issues associated with new property. It is one of the most significant benefits of investing the brand new London apartments for sale.
  • Many home for sale London are in areas that are undergoing massive regeneration, so as to provide better living and improved infrastructure to the buyers.
  • Many good developers are designing and developing apartments keeping community in mind. When you invest in new build London apartments for sale, you also get facilities like gyms, terraces and gardens where you can meet and socialise with your neighbours.
  • As new homes are being made as per current building regulations, they are more secure dwellings for home owners;
  • Most developers focus on making energy efficient homes nowadays, so when you invest in newly build homes in London, you can also save your money spent in bills.

There are many letting agents London as well as real estate agents that can help you to buy the best property in London to suit your budget, needs and other preferences.

Like it? Share it!


About the Author

Joined: February 25th, 2019
Articles Posted: 7

More by this author