Why is owning a property better than renting?
Ideally, a dream home for all of us is one that is more than just four walls and a roof. From the perspective of security and as a sign of status and accomplishment, it is a matter of emotion. Although owning property is ingrained in Indian culture, you may not finalize a deal just for emotional reasons. A debate on whether to rent or buy a property concludes only after weighing the economic and other benefits of the property. With so many luxury builders’ floors cropping up around you, you have plenty of options to choose from.
Although it’s natural to be apprehensive about the important step of buying a home for yourself, as per a study, purchasing a property has its own benefits. At present, when the interest rates have lowered, there is more housing subsidy pouring in. It is therefore an ideal time for buyers to make the best move.
Whether it’s building your net worth or offering a safe environment for your family, each of us aspires to own a home. With more and more people investing in real estate, Gurgaon is turning out to be the hotbed of the real estate sector, with buyers interested in 3HK luxury builder floors in Malibu Town, builder floors in sector 49 Gurgaon, builder floors in sector 48 Gurgaon, builder floors in South City 2 Gurgaon, and more. Let’s weigh up the benefits of buying over renting:
No landlord hassles
With the pressure of instructions from landlords overloaded, living in a rented house is always a pain. Whereas, when it’s your own home, you have the freedom to take control of your living space. May it be the decor, room colour, or any other fittings, it’s your home and you own it, so you are free to decide.
Building your asset
Paying rent on a house is just like paying EMI on someone else’s home. So it is better to buy a home for yourself and pay your home loan EMI. This turns your expenditure into an investment. When you invest in 3 BHK+ study builder floors in Gurgaon, you can enjoy higher appreciation of your property in line with your EMI.
Easy Finance option
Gone are those days when they would wait until their retirement to save money to buy their dream home. Now, with the easy availability of financing, you can fulfil your dream of buying a luxury apartment in your 20s and 30s. It’s time to be a happy owner of luxury homes in Gurgaon.
Laburnum Developers is one of the well-known and trusted real estate developers in Gurgaon that has tied up with leading banks and financial institutions. It offers homebuyers an easy home loan opportunity.
Interest rate cuts
With the home loan rate falling below 7%, 2023 has now emerged as one of the best times to sign a home loan. With successive rate reductions by the RBI, taking home loans is getting more affordable.
Housing subsidy
With various subsidy schemes launched by the government of India, it is becoming one of the best times to buy a home. Pradhan Mantri AwaYojna is one such scheme implemented by the Ministry of Housing and Urban Poverty Alleviation (MOHUPA). It is implemented for home buyers to get the best interest rates from varied income groups.
With life being quite unprecedented, owning a home brings a sense of stability and security. Owning a home gives you more confidence about your living space than paying rent. Escape the burden of shelling out money on rent by investing in luxury homes in Gurgaon, where you can enjoy ownership and independence. If you are looking to explore some of the best builder floors in Gurgaon, check out projects by Laburnum Developers. They are designed with futuristic design and seamless technology to match your luxurious lifestyle.