• About Us
  • Our Team
  • Terms & Conditions
  • Privacy Policy
  • Contact
Sunday, June 4, 2023
PROSPERTY
No Result
View All Result
  • Home
  • About Us
  • Real Estate Services
  • Property Buy
  • Property Sale
  • Property Management Services
  • Prosperty Blog
  • Contact Us
  • Home
  • About Us
  • Real Estate Services
  • Property Buy
  • Property Sale
  • Property Management Services
  • Prosperty Blog
  • Contact Us
No Result
View All Result
PROSPERTY
No Result
View All Result
Home Real Estate Buy

Buying Or Renting A House- Which Is More Profitable?

in Real Estate Buy
Reading Time: 3min read

Buying Or Renting A House- Which Is More Profitable?

Most people directly jump to the conclusion of buying a house. This is merely a sign of poor decision making and not doing enough research about it. Yes, that’s true! Whether you wish to buy or rent a house, it should be followed by a strong “why”.

The following excerpt would throw light on the topic of buying versus renting. At the end of this simple guide, we assure, you would be able to choose a profitable way for yourself. You could also make Prosperty Real Estate Brokers in Chennai your companion in deciding this.

Ascertain the “WHY”

Try asking yourself the following questions:

What is the purpose for which you want to buy a house? What is really that driving factor to go

for a particular one? Do you want to buy a house because you want to live with your entire family? Or do you want one just to lease it and fetch some extra money in the form of rent? Also, you really don’t need to worry when you have Prosperty Chennai alongside.

You could also conduct a detailed SWOT analysis. SWOT is the acronym for Strength, Weakness, Opportunity, and Threat. All you have to do is note down the locality, you would like to stay. Describe the surrounding, your neighborhood, kind of people, the

type of house. Identify those aspects where you can’t make any compromise. For example, you need to remain close to your kid’s school, etc. Also, last but not the least, do the math. Most of the people neglect this aspect and end up in a miserable state. Decide your money flow and accordingly your comfort level.

Therefore, the clearer the picture in your mind about the “why” the better it is to choose. Your search will be focused and precise as per your requirements. Having the support of Prosperty Chennai is truly like a blessing.

When is Renting More Sensible

Renting generally gives a feeling of lower liability as compared to others. There are cities where you can rent a house worth Rs 50 lakh for only Rs 10,000-15,000 a month. Yes, you heard that right! And that would definitely turn out as a great deal.

If you want a house in metropolitan cities or in popular areas, the market rates may fluctuate tremendously. Here, buying is not really a wise option. Renting will allow you to stay closer to your desired location and not leave a hole in your pocket too. You can manage the entire process via Prosperty Real Estate Brokers in Chennai and stay carefree.

Also, most people have a misconception that renting overburdens oneself. However, it does not mess with house tax or any other legal issues. Hence that aspect is out of question.

Another important aspect to take care of is Equated Monthly Instalment (EMI). Always stay alert and check your EMI. Because your EMI on your property should not be over 40 per cent of your monthly salary. This is one of the easiest ways to ascertain if you will be comfortable in paying it back. However, it is not enough. Personal consultation from Prosperty Real Estate Brokers in Chennai can give a holistic view.

When does Buying feel Appropriate

Believe it or not, but buying a property gives a sense of security and a pride of ownership. Doesn’t it? And at the end of the day we all are running behind it, aren’t we?

Buying your own house or a property is a real estate investment. It isn’t shady or something which has no value. It is entirely a safe investment which has the potential of capital appreciation and tax benefits. Even Prosperty Chennai would agree to this.

In comparison to rent, buying it is surely a one time investment. You wouldn’t have to incur costs every single month. When you have your savings intact or good amount of capital with you, you shouldn’t think. Yes, you shouldn’t think but simply buy the property. Because at the end of the day, the value of a house or a property will never become a liability. It’s always going to remain as an asset.

There are other scenarios where a combination of buy plus rent works as well. Amazed? Yes, this does happen. But having the guidance from Prosperty Real Estate Brokers in Chennai will truly change the game.

The question whether to buy or rent haunts a number of people across the globe. However, using this guide and hiring Prosperty Chennai can help in going a long way. Their experience in this field truly makes them the top notch brand. So, what are you waiting for? Decide your dream house today.

Tags: Property ManagersReal EstateReal Estate Brokers

Related Posts

Real Estate Buy

What Is The Safest Process For Buying A Plot

12
Real Estate Buy

Which Residential Format Would Suit You

74
Real Estate Buy

The Ultimate Guide On How To Choose A Place To Rent

74
Real Estate Buy

Choosing An Ideal House To Buy – Best Suited For You

2
purchase, house, house purchase
Real Estate Buy

What Is The Perfect Time To Buy A House?

48
Property Management in Chennai
Real Estate Buy

A FINAL CHECKLIST TO REFER WHEN BUYING A HOUSE

93
Next Post

Choosing An Ideal House To Buy - Best Suited For You

The Ultimate Guide On How To Choose A Place To Rent

Which Residential Format Would Suit You

ABOUT PROSPERTY

PROSPERTY

Prosperty Real Estate Advisors is a real estate advisory and consultancy firm located in Chennai offering directives for research-based real estate consulting services. We offer our clients services in the area of buying or selling residential or commercial real estate in Chennai.

By Categories

  • General
  • Real Estate Buy
  • Real Estate Sale
  • Real Estate Services

Recent Blog Posts

Benefits of a legal title check

Unlock the Advantages: Key Benefits of a Property Legal Title Check

3
Legal Title Check for properties

Timing is Everything: When Should You Conduct a Property Legal Title Check

3
NRI Property Services

Exceptional Real Estate Services for NRIs: Prosperty, Your Trusted Partner

3
NRI property sales in Chennai

Overcome the Top 10 Challenges of Selling Property in Chennai as an NRI with Prosperty

4
NRI Property Sales

Achieve Hassle-Free Property Sales in Chennai as an NRI with Prosperty

4
Unbiased Real estate advisor

Maximize Your Real Estate Success with an Unbiased Advisor

3
Property Listings

The Secret Behind the Success of Agent Listings: Unveiling the 88% Gap

3

PROSPERTY - YOUR REALTOR

Prosperty Real Estate Advisors is a real estate advisory and consultancy firm located in Chennai offering directives for research-based real estate consulting services. We offer our clients services in the area of buying or selling residential or commercial real estate in Chennai.

We are a team of professional real estate advisors, private bankers with an impeccable reputation, and chartered accountants with decades of experience in serving affluent families and real estate attorneys with solid credentials across the world. We created a partnership firm in 2012 and have been serving the Chennai real estate market for the past 10 years.


Read More....

Recent Blogs

House Construction Process

Your Comprehensive Guide to the House Construction Process

4
Benefits of a legal title check

Unlock the Advantages: Key Benefits of a Property Legal Title Check

3
Legal Title Check for properties

Timing is Everything: When Should You Conduct a Property Legal Title Check

3

Reach Us

INDIA
AP 676. H Block, 15th Street, Annanagar,  Chennai, Tamilnadu, India.
Mobile: +91 9500013446

 

* Mr. Praveen Saanker is the Managing Partner for Prosperty Real Estate Advisors. Our Real Estate Team in Dubai and Singapore work from Mr.Praveen Saanker's offices in the respective countries to service Non Resident Indians across UAE & GCC Countries, Singapore and Malaysia.

  • About Us
  • Our Team
  • Terms & Conditions
  • Privacy Policy
  • Contact

© 2021 PROSPERTY - YOUR REALTOR

No Result
View All Result
  • Home
  • About Us
  • Real Estate Services
  • Property Buy
  • Property Sale
  • Property Management Services
  • Prosperty Blog
  • Contact Us

© 2021 PROSPERTY - YOUR REALTOR

WhatsApp +91 9500013446