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“Should I buy a 1 BHK flat in Ghatkopar or live in a rented apartment?” Even though the configuration and location preferences might differ from person to person, most Indians are thinking about similar questions. But one needs to evaluate whether it makes sense in renting a place or investing in a house. The answer is dependent upon a variety of factors as well as personal choices. This article discusses the pros and cons of buying vs. renting a home. If you’re torn between the two options, keep reading to make the best decision.
Of course, it is the ownership! When you buy a real estate property, you own it, which is not the case when you rent one. However, this is not the only factor to consider. Here are three important factors to consider when making your decision:
Here are various factors to consider when deciding whether to buy or rent a home:
The debate over whether to rent or buy a house is never-ending. You will be able to make an informed decision based on your needs now that you understand the benefits and drawbacks of both options. Check out the apartments in Mumbai by L&T Realty, evaluate your credit worthiness and accordingly make an informed decision to buy a home of your own.