The Pros of Buying A House Are
Exorbitant rentals and exceptionally low mortgage rates in most cities has been a strong motivation for individuals to buy their own homes much earlier than planned. Conversely, there’ s a different school of thought where people are waiting for the housing market to get back on its feet and are hesitant to take the plunge, fearing low or even negative returns. The decision of whether to buy a home or renting a home is always a carefully made one, after weighing the pros and cons. Buying or renting a home has its own benefits. List of some pros and cons of buying versus renting a house are given here under - The Pros of Buying A House Are: The value of homes usually rises by 4 to 6 % annually. This makes housing finance, like those provided by a housing finance company, a financially rewarding option. Even if the value of home does not rise, home owners can build equity. You can avail of tax benefits associated with the EMI payments of your house loan. You can renovate your houses th