Are you tired of paying rent? Perhaps the foundation is crumbling at your current apartment, the water isn’t flowing properly from the tap, or you simply want to live closer to school or work? Whatever it is, there are many reasons behind renting vs. constructing a house. In this guide, I’ll be explaining why renting might not always be the wisest option and give you some convincing reasons why constructing a house can become beneficial for you and your family overall.
Constructing a house can be super expensive and that’s why many people say you should rent instead or hold on for a couple more years. The truth is, there are a ton of reasons why you should think about constructing a house today! Of course, there are benefits to renting too and I’m not going to go overboard, but in this blog – I’m going to provide you some reasons as to WHY YOU SHOULD CONSTRUCT YOUR HOUSE RIGHT NOW!
5 Reasons You Should Consider Buying a House.
1. You'll Be Investing in Something That Will Increase in Value
Constructing a home is like investing in real estate: it’s an investment that will grow in value over time, as long as you take good care of it. The house you own now might be worth twice as much in 20 years, and while this fact isn’t guaranteed, it’s a pretty good bet. When you rent, your money is essentially being used to support someone else’s property — but when you construct, you reap the rewards of your hard work.
2. You'll Be Free From the Rent Cycle
Say goodbye to landlord-tenant relationships! When everything is working well, renting can be an excellent option for many people. But when something goes wrong with your apartment or living situation, there’s a good chance you’ll be dealing with an unresponsive landlord. There are no guarantees with own property, but at least when something goes wrong, there’s always the option to sell if you can’t get it fixed — and there’s nothing more reassuring than knowing that your home is truly yours.*
3. You'll Have More Privacy Than Renting Allows
Renting can be limiting from a privacy standpoint. Landlords have a legal right to walk into your home and inspect it.
4. Break free from rent increases
Rent is one of the most common expenses people have each month, yet there’s no guarantee that your rent will go down or stay level over time. In some areas, rents have risen dramatically over the past few years, making it harder for renters to afford their homes. If you buy a house instead, though, your housing costs will go down over time.
There are a lot of reasons that constructing a house is a better financial decision than renting. We’ve tried to cover the most important ones here, but there are others as well. Ultimately, you’ll need to decide if this article is compelling enough to actually convince you to buy. But if it is, don’t worry–we’re here to help! Give us a call today at +91 7858009840 for more information about constructing a new home and getting into that new house of yours.
In our next blog we will point out ways by which you can save more while constructing your own house. Stay tuned.