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Letting go your Dream home in the form of Rent? | Best Apartments near KR Puram

Posted by admin on December 19, 2018
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Best Apartments near KR Puram | Venkat Estates

Deciding to buy a house is one of the important decisions we make in our life time. It will involve a lot of thought before making the decision. As it is a big investment, upfront payment for the purchase is difficult.

Here are some tips why buying an Apartment is more useful than renting a house

Source of additional income:

Source of additional income | Best Apartments near KR Puram

Source of additional income | Best Apartments near KR Puram

 

 

One can always rent the property if it not occupied by self. Rental income can be used to pay EMI or at least fund a part of your EMI.

Lower down payments compared to deposits

Lower down payments compared to deposits | Best Apartments near KR Puram

Lower down payments compared to deposits | Best Apartments near KR Puram

For renting a home requires you to make a security deposit to the tune of 6-10 months of rent. But down payment for buying a property often ranges between 15-25% of the property cost, which would run into a few lakhs of rupees.

 Investment  Rewards :

 Investment  Rewards | Best Apartments near KR Puram

Investment  Rewards | Best Apartments near KR Puram

You could potentially earn a large profit off Of selling your home in the future. The value Of your home goes up Over time and if you invest in remodels and improvements. you could make a large return on your home in a good market.

Maintenance:

Maintenance | Best Apartments near KR Puram

Maintenance | Best Apartments near KR Puram

Opportunities for improvement projects and just plain old maintenance abound when you own — hardware stores will become your new favorite shopping destination. But nothing beats that feeling of DIY satisfaction. And go ahead — paint that wall purple if you want to! Owning your own home gives you the flexibility and freedom to add bedrooms for a growing family or to knock do few walls and turn a basement room into a home office. It’s your space to do with what you want.

Conclusion

Buying Best Apartments near KR Puram or renting a house depends upon a personal outlook and the financial status of every individual. If you are a person who is having the lifestyle that requires constant relocation, or want to have uncommitted lifestyle, renting a house might be the best option for you whereas buying a house is a smarter choice if you plan to stay in that house more than 10 years and have a cash to invest.

Best Apartments near KR Puram | Venkat Estates

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