Know the basic difference and benefits of buying a home vs renting a house.

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Know the Basic Difference and benefits of buying
a Home vs Renting a House.
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• When looking to invest in housing, one is puzzled
  as to what out of the two options are feasible in
  the long run.
• Is it fine to buy a home or rent and live in one.
  
• Following is a list of advantages and
  disadvantages while investing in property and
  renting a property.
• Buying a house comes with a sense of stability,
  pride and appreciation of ownership, umpteen tax
  benefits.
• Real estate is an illiquid asset and is
  considered inappropriate for full time nomads.

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• Real estate is an illiquid asset and is
  considered inappropriate for full time nomads.
• Buying a house comes with a sense of stability,
  pride and appreciation of ownership, umpteen tax
  benefits.
• Real estate is an illiquid asset and is
  considered inappropriate for full time nomads.

4

• Renting lets your move out with penalty on every
  time your lease ends.
• But, the downfall to renting an apartment or
  house is that one needs to look out for housing
  if in an unfortunate, the landlord decides to
  sell the property.
• One of the most overrated debate in the renting
  industry is that one considers staying under rent
  as a waste of money.

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• Although, renting doesnt help build equity, but
  one needs to understand buying or renting a
  property leads to financial investments.
• Though the overall cost of property ownership is
  higher compared to renting an apartment, the
  monthly payment is considered to be somewhat
  similar to the monthly rent payment.
• Buying a house? Property investment tends to be
  expensive and one needs to have cash in spare or
  opt for a secure means such as home loan.

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• Housing Loans and finance institutions tend to
  lend about 80-90 of the gross property amount.
• The remaining 10-20 has to be arranged by the
  lender. Hence, it is advised to have enough
  amount handy.
• The prerequisite to living in a rented property
  is that the individual needs to pay a security
  deposit to the homeowner, monthly rent payments,
  shifting as well as brokerage charges, if any and
  the annual increase in the rent.

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• Renting is considered as a hassle due to the
  frequent change of location.
• In an unfortunate event, the homeowner may intend
  to sell the property hence resulting in immediate
  evacuation from the rented space.
• Home loan interest rates are to be taken into
  consideration prior to applying for housing loan.
  
• The prerequisite to living in a rented property
  is that the individual needs to pay a security
  deposit to the homeowner, monthly rent payments,
  shifting as well as brokerage charges, if any and
  the annual increase in the rent.

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• Renting is considered as a hassle due to the
  frequent change of location. In an unfortunate
  event, the homeowner may intend to sell the
  property hence resulting in immediate evacuation
  from the rented space.
• As a salaried professional, an individual tends
  to receive a house rent allowance benefit when
  the rent is paid under the Income Tax Act.
• However, the individual will be unable to reap
  the benefits of real estate capital appreciation
  or own an property as an asset.