Select City
Search
user-profile
Top reasons why buying proves to be a better option than renting
Top reasons why buying proves to be a better option than renting
Whilst renting has its own set of benefits, it is important to realise that buying a house proves as a better of the two choices when compared in a longer timeline.

The urban-dwellers these are surrounded by this seemingly never-ending debate of whether to buy or rent a house. Whilst renting has its own set of benefits, it is important to realise that buying a house proves as a better of the two choices when compared in a longer timeline, let us explain how!


Stepping up the property ladder

Booking a property in our own name is considered as a stepping stone in our lives. It is seen as a benchmark for a financial and social stability, as the contribution of your daily efforts is going towards asset building.


Sense of ownership

The feeling which associates with owning the house you live in is bound to boost confidence in your life. Living in rented properties would always have the attached stigma that the place doesn't belong to you, additionally a long list of dos and don'ts would be there as a charter enlisting the code of conduct, none of which would be the case when your dwelling belongs to you.


Interest on home loan fetches you a tax-deduction

While on one hand buying house is an asset-building exercise, the government also gives your tax-reliefs in the form of deductions. The interest which you pay on your home loan instalments can be deducted from your taxable income, thus acting as an incentive for you to own your house.


Sturdy identity and location

Experts suggest that professional success is dependent on how well one knows his surroundings and the people around him. A permanent address or a prolonged stay in one place to help you build professional contacts and relationships. Ergo, it would most certainly work in your favour if you make a mind to settle for good and own a house.


Property appreciates

It is the most known fact that the property market is the best bet when investing your hard-earned savings. It is also very wise to invest in property as soon as you become capable and confident, as not investing in property is as good as incurring a chunky opportunity cost. In India, the population is on the rise which means that the demand for housing is not going to go down for at least fifty years to come. Owning a house now would guarantee you a secured future.

explore further

NEED HELP?
Get in touch with Dwello consultant for free consultation
+91
Enquire Now
logo
A JM Financial Group Venture
HOW WE MAY HELP YOU?
(022) 6122 9411
hello@dwello.in
FOLLOW US
Registered & Corporate Office
JM Financial Products Limited. 7th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400025
CIN:
U74140MH1984PLC033397
RERA NUMBERS
maharera-icn
Maharashtra
A51900000277
karnatakarera-icn
Karnataka
PRM/KA/RERA/1251/309/AG/220521/002898
delhirera-icn
Delhi
DLRERA2022A0103
haryanarera-icn
Haryana
RC/HARERA/GGM/1932/1527/2022/300
What is Dwello?
Dwello is a new way to buy home. In a world where facts are chosen to suit interpretations, our algorithms offer accurate recommendations by sifting through vast knowledge banks comprising real time market data and historical decisions of many home buyers, curated by industry experts.
Dwello, for every home buyer, is a way to go from 'I feel' to 'I know', at no extra cost.
© 2023 JM Financial Products Limited. All Rights Reserved.