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The Great Dilemma: Should You Rent Or Buy A House?

21 Sep 2016


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Goel Ganga Developments Pune | Best Real Estate Developer & Builders in PuneThe decision of buying or renting a home depends on various aspects such as your budget, priorities, etc. Furthermore, this decision can have a considerable impact on your life. If you are confused between buying or renting a home, we can help you out in your decision.

 

Here's when you should rent a home:

 

   - You do not have the margin money readily available

   - You have been posted in a place for a short duration, you are working in a place where you do not intend to settle down or your job requires you to travel a lot

   - You have enough money and have already decided to buy a house, but you're not sure about the locality, then you could rent a house there to experience the stay before making an investment.

   - You are not ready to accept the responsibilities that come with owning a home like maintenance, repairs etc.

 

Here's when you should buy a home:

 

   - You are able to arrange the margin money and are confident about being able to service your home loan

   - You have decided on the city where you intend to settle

   - You want the right environment for your children, you have a bigger family or you want a place of your own

   - You want to avail the various tax benefits that come with owning a home

   - You're ready to take the responsibilities of maintaining your own home, repairs, etc.

 

One of the most important factors to keep in mind before investing in a home is your budget. While renting a home is advisable when you're financially equipped, finding a home that fits your budget is not difficult considering the plethora of options available.

 

All said and done, sometimes the right time to buy a home is when you come across the right one for you.

 

We wish you all the best in your quest for a home!

 

Authored by Goel Ganga Developments, one of the best real estate developers & builders in Pune

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