Buying your Own Home is a Day You Cherish,
Just as the Day of Your Marriage or the Birth of your Children.
It is an Event that Marks the Beginning of Your New Life.
Our home is the place we all want to go at the end of the day. It is our haven of love and protection. It is ours. No wonder, we all dream to own a home. Here are some of the reasons why we think you should buy a home than rent it out:
Sense of Pride and Belongingness:We are all proud of our homes. Since ages, we have heard that ‘Your Hut is always better than the Other Man’s Castle’. It is because it is yours.
Besides, a house might be made of brick and mortar but it becomes a living museum of our lives. It is where our children are born and where they play, where we dine together, where we have fun and fights. When we rent an apartment, we miss out on all the lovely and sad memories we create there.
A Home is an extension of ourselves. If we own a home, we can decorate it the way we want to. We can change its look and features and set it up as we desire – with no landlord or landlady to meddle with.
Finance & Accounts:You can either choose to pay rent or you can choose to pay an EMI on the home loan. When you pay EMIs, you also save tax on up to Rs 2.5 lakh of your income – Rs 1 lakh Principal (under Section 80C) and Rs 1.5 lakh interest.
Besides, buying a home is the most lucrative investment option. When you pay rent, you will have nothing to show for it in your golden age. But if you own a home – its value is bound to increase manifold in a 10-15 year time frame – giving you the best appreciation of your money!
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