Renting VS Buying | Which one is better?

by Deal and Deals Leading Real Estate Marketing Agency

Real estate is one of the most lucrative and rewarding sectors of Pakistan’s economy. Real estate investors are one of the most successful in terms of business acumen and success. However, not everyone is a real estate investor and many people make a real estate transaction once or twice in their lifetime. This is because, apart from real estate agents and investors, the people buy a property to live and settle. And since changing homes is not a practice that you can carry out frequently, so it is usually once or twice in a whole lifetime of an individual or family. So what is better? Should you buy a home to live in or should you rent? Well, we recommend buying your own home against renting. Here are some of the benefits of buying your home instead of renting:

1. Buying your own home means that you now have the ownership of a property that you settle and dwell in. In contrast to this, when you rent, you never become the owner of that property no matter how much you love that property. You can be evicted anytime and you cannot do anything about there. Therefore owning the place is the best option. You can get in touch with any real estates company like Deal and Deals and explore your home purchasing option.
2. The 2^nd benefit that you get out of ownership is saving on recursive expenses. Paying out the rent is usually a large expense and usually constitutes about 30% of your total monthly income. However, when you purchase a home then you do not have to worry about the mammoth renting expense. Also, the only expenses you will be doing are the utility fee and bills that you incur on monthly basis.
3. Another advantage of owning a home is that you make a fixed asset for yourself. And the best part of owning the place is that property prices hardly ever depreciate. Therefore the asset that you make in form of your own home will keep appreciating. And if you ever have the urge to sell it then you can definitely do it at a profit.

These are some of the basic benefits of owning your own place instead of renting. Owning a home is not a problem anymore, you can easily plan on constructing your own home in Islamabad by buying a plot in housing schemes like Capital Smart City Islamabad or Blue world city Islamabad. The strategy with this entity is that you buy a plot on installments in these housing schemes. These installments are largely spread over a span of 4 to 4.5 years. This means that you are basically paying the installment for an asset that will be eventually your own to go with. Owning a property is always beneficial instead of renting because you own it and it is yours. While renting, you will never own the property regardless of how much expense you do on the property from your own pockets.