Everybody dreams of owning their own home- that too in the best residential project. The coronavirus pandemic has also shown us the necessity of permanency- pointing us towards sealing life-influencing decisions. The most basic yet necessary of which is securing a roof above one’s head and that too in the best residential complexes with amenities like parking, lifts, children’s play area, indoor gyms and lounges etc. For the world is now moving indoors. Taking possession as the owner of your own home is a matter of pride and security. However, the decision remains whether buying a house is a smarter and more profitable investment or is renting a more viable option. Should you buy an apartment or rent it? Thinking long-term, both buying an apartment and renting has pros and cons. With an increase in property prices, a lot of young Indians opt for a rented abode. Let us take into consideration a subset of people who can afford purchasing their own home, and draw a conclusion. Advantages of buying an apartment Home ownership provides security and creates a physical asset and also has prospective capital appreciation. Rent is an expense payable each month but doesn’t generate a physical asset,…
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