There has been a misconception since time immemorial that renting a house brings a whole set of difficulties, something one avoids if one owns a property. But you will rather be surprised to know that though owning a house has its own set of benefits, renting a property has an equal number of advantages. The article discusses the top five reasons on why you should go ahead and rent:
Walk-to-work: This may be the most comprehensive reason on why renting can be a big boon. The next time you are appearing for a job interview, you don’t have to ponder on the distance of your perspective office from your house. This remember is one of the biggest reasons why many people let go of a dream job they always wanted to do. Vikas Bhasin, Managing Director, Saya Homes, says, “Renting gives an option to move out easily and shift to places that are nearer to offices or regions that suits one’s needs.”
No wonder, residential colonies situated close to IT and corporate hubs in cities like Bangalore and Pune are becoming increasing popular among people looking for rented accommodation.
Good bargain: Come to think of it, renting is not just a cheaper option, but also an uncomplicated one. While a renter may only be required to pay a one kind monthly amount, an owner has several calculations to make, while scratching his brains and loosening his pockets. From the down payment to the equated monthly installments (EMIs), property tax and maintenance charges, there is a lot of cash transactions that a buyer of a property has to take care of.
Amenities: Several properties are so well furnished these days that all you have to do is to contact a packers and movers company and get your personal belongings transported to your new house within a day. This because the furnished houses take care of everything. Sant Raj Kasana, Chairman and Managing Director, Morpheus Group, explains, “One gets a house with all the facilities and major appliances. One need not spend extra and do additional investments for such purposes. For instance, bathroom fittings and kitchen interiors come as an additional benefit for the tenant.”
Hassle-free maintenance: The next time your air-conditioner goes out of gas or the chandelier in your drawing room works erratically, you won’t have to lose your breath in trying to get hold of an electrician. Your landlord or the broker working on his behalf will be the go to person for all electricity, water and other maintenance issues in your house.
Safer finance life: This may be a bit cynical but is certainly an undeniable thought. Investing in a property can lead to not just your money getting blocked, but also depreciation if the deal does not turn out to be a good one in the future. On the other hand, by not investing at all, you are look at the possibility of a good financial liquidity at your disposal.
If buying a property gives us a sense of ownership and control, renting too has its own merits. This list may have helped in clearing any cobwebs of why renting is as not bad an option as it is perceived by many. But like with most things in life, to each his own, and the same goes for renting versus buying.
SOURCE: 99acres.com
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