Pros And Cons Of Buying vs Renting Apartments In Thrissur

PROS AND CONS OF BUYING Vs. RENTING

APARTMENTS IN THRISSUR

BUY

RENT

Buy or rent? Confused! Here is some useful information about the pros and cons of buying and renting. It will help you make a well-clarified decision of what will suit your requirement.

Equity Perks

Equity / ownership of home = The price you can sell it

– The price you still owe on it

The equity or ownership of home is a factor that you want to reconsider while taking a decision to stay for rent.

Home ownership helps you to increase the

Buying > Renting

Buying < Renting

personal wealth.

If you are not able to invest such a huge capital amount, then rent is the better option.

Uncertainty

Buying > Renting

More stable living. No one can push you out of a flat or apartment that belongs to you or registered under your name.

Switching Over

Buying < Renting

Flexible living. No long-term commitment.

Your Home is an Asset

Buying > Renting Home is a great income source! You can turn your home into an investment property by renting it or selling it at a high price.

As a Homeowner You Enjoy Freedom

Buying > Renting

You are the overall in charge of your property, so you can alter anything.

Maintenance

Buying < Renting

The responsibility of homeowners includes home repair and maintenance, so the tenant never wants to worry about this.

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