Which one is better buying or renting a flat in Rajarhat

Buying or renting a flat is a dream or a lifetime goal for many. However, it can be different for many too. Many people buy houses to live there for the rest of their life. On the other hand, many people hate to stay in one place for a long time. So, they prefer taking flats or houses on a rental basis. In this case, it will be helpful to mention that if you are looking for a flat to buy or rent then you can connect with Realtech Nirman. They have been serving the real estate industry for a while now. Their experience will help you to choose the right property for you. Although there are advantages and disadvantages to every choice or decision.

In this blog, I will focus on the advantages & disadvantages of both which will help the buyers to decide which one will be better for them or will serve their purpose; buying or renting. So, let’s get into the blog.

1. What are the advantages of buying or renting a flat?

A. Hustlefree life:

When you become the owner of your house, you are not going to depend on anyone or you are not answerable to anyone. No one can tell you how to live or what you can do with your living space. On the other hand, if you live in a rental place, you are bound to answer your landlord. You have to depend on your landlord for water, electricity, maintenance, and almost everything else. Many times, landlords impose unnecessary conditions as well. So, basically, buying your own flat or house helps you to get rid of landlords.

B. Feeling of safety & security:

When you buy your own space, it gives you a feeling of safety. It helps in making your future secure as well. When you buy a house or flat, you don’t have to run from one house to another house. This also helps reduce the hustle of your life, helps you feel stable & also helps in focusing on other areas of life.

C. live life on your own terms:

Rent is a regular cost and if you are looking for a flat with amenities then the rent goes on the higher side. This feature makes a burden on the consumers. They have no choice except to make compromises. Consumers either make compromises on the quality of life and amenities or they make compromises on other aspects of life to reduce the living cost. However, if you buy a flat, you do not have to bear this regular cost for your life.

D. Serves you for a long purpose:

Buying a flat or house is not all about buying a real estate property. It is a future investment. The demand for real estate properties is increasing and it will keep increasing with time because of the increasing population. So, if you face any issues in the future you will be able to sell it. Most of the time, this also helps in feeling stable and provides a certain amount of emotional security.

E. Saves your money:

Most Of the time buyers take home loans for buying real estate properties and these home loans always save them money. Home loans help with tax benefits. For example, you can save up to 2 lakhs rupees in India from taxes if you have a home loan under Article 24 (b). On the other hand, in the case of renting, you get no benefit out of the deposit money and sometimes the deposit money is really higher. So if you want to save money, buying a flat is one of the best ways.