Since India has a massive percentage of the middle-class population, any working men, after putting some years into a successful career is likely to face the dilemma of renting or buying a home.
Rented spaces are easy to find and do not need you to pay a higher portion of your monthly income as rent.
On the other hand, owning a home (of course, middle-class salaried people will apply for Home Loans) has initially a higher down payment and a consistent payment of EMIs.
Despite the basic differences between a rented home and an own home, a rented house can’t ever provide you with the sense of contentment and accomplishment.
Yes, you may argue that renting is hassle-free as you don’t pay the extra cost, but in return, you don’t get anything. However, if you pay Home Loan EMIs, you can make the purchased home yours during a tenor.
If you can afford a Home Loan in Noidaor NCR or any other city, it would be advisable to go for it as that will be one of the biggest decisions that you will make in your life.
Here are some immediate reasons that will convince you that buying a home even if on a Home Loan in Noida will score over renting a house:
1.Your Purchased Home will be your Valuable Asset
Buying your own home helps you move towards having a financial stability. The monthly EMI that you put towards your Home Loan may be higher than the rent, but it helps you build a valuable asset. You can enjoy the comfort and security of your home and you can also sell it in case if you need some huge money.
2.You are your Own Boss
When you purchase a home of your own, you can come late or not come at all. You can play music, hold parties and feel the freedom of being a boss. Hence, you no longer have to bear the restrictions of your landlord, complaint and negotiate for the loan.
3.Value Appreciation Investment
Investing in money in your purchase of the Home Loan in Noida may help you get a handy appreciation over the years as there is a good demand in the market. Thus, it is needless to state that the purchased home in Noida or NCR will surely help you pay off its own value and give you added profits even if you sell in the next 5-10 years.
4.Unmatched Warmth, Comfort, and Security
It’s a feeling that only could be felt by homeowners. People may have homes in other towns but live in rented places due to employment issues. However, when they come back to their hometowns during festivals, they feel complete warmth and happiness even for 2 days. Thus, if you plan to purchase a home in the city that you live in, it is sure to give you an unmatched feeling of accomplishment and comfort. However, you need to live in it to experience it in reality.
The Bottom Line
Now that you know the benefits that your house can give over the rented place, you should purchase one with the help of the Home Loan in Noida.
If you are all set to make a transition from a rented place to your own home, begin by checking your eligibility. You can use the Home Loan eligibility calculator to determine your eligibility easily.
You can also apply for a Home Loan in Noida to top companies online!
