Blessings of being a home owner
Monday, April 13, 2015
Owning a home is a dream that most of us have and most people are able to do so. While owning a home means a lot of responsibilities, it also means a lot of benefits. In most cases it has been found out that these benefits overshadow the responsibilities. Whether you are on the fringe of buying a home or working on options to choose one, there are many blessings of owning a home that renting just cannot meet. Scroll down to know why it is a boon to own a home other than the freedom of hammering nails into the wall wherever you will.
Freedom to renovate as per needs
A home owner has complete control of their property – be it decor changes, wall paints, change the outside appearance, remodel the kitchen and many more. If you do not like something you have the option to replace or remodel it. But when you rent a home you are stuck to certain possibilities only.
Price negotiation
As a tenant you have to pay whatever your landlord demands for the property but as a homeowner you have the choice to negotiate on the price a developer or a seller is asking for. This means that you can quote your own price and saves on a lot of hard earned money.
Housing EMI Vs Rent
When you buy a home you have a pre-determined EMI due every month for a housing loan till the house is paid off but when you rent a home the rent is subject to increase year after year. EMI enables you to plan your monthly budget thus benefiting you financially.
Automatic savings account
The value of a home appreciates over time and in case you require selling it you can always earn a surplus out of the same. Renting a home does not provide you the option to sell it as it somebody else’s property.
Sense of pride
Owning a home can be a great sentimental and emotional feeling as it is a prized possession for most bought from the heard earned savings of a lifetime. Proud homeowners feel that it is worth to invest in a home of their own than that owned on rent.
So, go out and feel that sense of pride and become a WINNER.
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