FROM TENANT TO (PROUD) OWNER
Aug 19 2017 : The Times of India (Pune)
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DOES BUYING AN APARTMENT SCORE OVER RENTING? OUR EXPERTS CERTAINLY THINK SO
BUYING VS RENTING?
Owning a house gives one a sense of security and always it ensures that you are never rendered homeless in case of any mishap. Also, if you give your house on rent you e can earn rental yields too, thus strengthening your financial bone. Additionally, in tough times, one can mortgage a house for taking an educational loan, marriage loan, etc. Fali Poncha, director residential and land (Mumbai), Knight Frank (India) Pvt Ltd, points out reasons why you should buy a home instead of rent: Owning a house gives a sense of stability and peace of mind, whereas if you occupy a rental flat, you would have to stress over periodically rising rental costs, the possibility of having to vacate on request of the landlord and other issues. “While there are initial costs involved in purchasing a home such as down-payment, registration and stamp duty charges, EMIs on home loans, property taxes, costs for doing up the interiors the end result is more than satisfying,“ explains AS Sivaramakrishnan, head residential services India, CBRE South Asia Pvt. Ltd.
Owning a house gives one a sense of security and always it ensures that you are never rendered homeless in case of any mishap. Also, if you give your house on rent you e can earn rental yields too, thus strengthening your financial bone. Additionally, in tough times, one can mortgage a house for taking an educational loan, marriage loan, etc. Fali Poncha, director residential and land (Mumbai), Knight Frank (India) Pvt Ltd, points out reasons why you should buy a home instead of rent: Owning a house gives a sense of stability and peace of mind, whereas if you occupy a rental flat, you would have to stress over periodically rising rental costs, the possibility of having to vacate on request of the landlord and other issues. “While there are initial costs involved in purchasing a home such as down-payment, registration and stamp duty charges, EMIs on home loans, property taxes, costs for doing up the interiors the end result is more than satisfying,“ explains AS Sivaramakrishnan, head residential services India, CBRE South Asia Pvt. Ltd.
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