Monday, February 22, 2016

The benefit of Buying instead of Renting a Home!

The benefit of Buying instead of Renting a Home!


Buying a home is the most significant decision generally for families as is renting. The entire process is daunting. If you are a confident first time buyer then it becomes a life changing decision. It is a complicated process which is exhausting, exciting, fulfilling at the same time. Owning a home is not just a place to live, it is a means to create wealth as they say – ‘wealth buys wealth’. It is an asset building strategy. While, a few people think renting as a waste of money, and for those who cannot afford it. The idea is to rent it till you can buy comfortably since the apartment rents are at a rise in many cities. Home ownership is an option most people are looking into slowly and gradually. Buying a home requires cash investments, is an liquid asset as it cannot be sold immediately as you like and when you like


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