Why is it better to own a home of your own?

Owning a home comes with its own set of advantages. You don’t have to think too much about vacating the house, increasing rentals and a restrictive lifestyle. You are the master of your own destiny. However, ensure that you invest in the right property; this means that the place where you get all the facilities, peace of mind, and where the real estate values are expected to increase in future. Considering these aspects, it is advisable to go for properties, especially villas in Chennai, Bengaluru or any other metro cities of India.

Ideal Investment Options

The values of properties keep appreciating over a period of time everywhere. For example, if you buy a few villas in Chennai today, their values are bound to go up in the future. Dissimilar to other investments, real estate has little or no depreciation in value. In case of an increase in the real estate value, you can reap rich rewards.

The option to liquidate 

Owning a villa can be a good business proposition, as it can always be put on sale anytime you require money. However, the same is not possible if you are living in a rented property or if you don’t have a house of your own.  In case of a rented accommodation, you lose the money you paid as rent, and get only the security deposit, subject to terms and conditions in the rent agreement.

Comfort and Sense of attachment

When you have a house of your own comfort factor will be very high, and you also get attached to the community around you. For instance, if you reside in the southern part of the country, then villas in Chennai or Bengaluru or Cochin make for a great option. This helps you establish a strong bond with everyone, and enables you to enjoy a social life. This kind of emotional aspect will not be there in a rented property.

Finally 

It is better to own a property of your own than living in a rented space. They offer immense potentials as investments, and provide you with a sense of relief and security. As the value of real estate appreciates, you can sell off the property and buy a good one. The mantra is simple: buy a property when the price is low, and sell it when the price heads north.