Buying Vs Renting

Owning a home is the dream of every typical middle-class Indian. However many choose to rent a place instead of buying a home owing to various factors. Renting and buying both have their pros and cons and one can choose to decide by properly assessing their needs, future prospects of travel and more. Buying or renting also affects one’s lifestyle and the size of the savings one accumulates over the years. Here we are going to have a look at various facets that make both unique choices when it comes to comfort living. 

Buying a home

With the constantly growing real estate industry, a plethora of options are available for homebuyers to make a choice. First and foremost, buying a home gives you a sense of security and pride of ownership. Owning a place comes as an asset and also helps a family ground their roots. Next, owning a place gives you a free hand of customization of space as per one’s needs and aspirations. One can build, construct or modify a home with their favourite design or colour schemes which is not possible at a rented home. Where renting just offers you one month of shelter, paying EMI every month for your new house provides you with a month of shelter as well it increases the proportional ownership in the house. A fixed destination furthers security and saves time and energy for relocation. Owning a house stands as the safest investment option backed by a real asset that procures capital appreciation over time. Apart from this, buying a home also relieves one from taxation.   

Renting a home

Renting a home offers flexibility to relocate. People with professions that compel constant travel or city-hopping prefer renting a home than buying. Renting a home doesn’t overburden one with heavy EMIs, house tax and other legal issues that are part and parcel of property buying. Also, renting a home doesn’t add to creating wealth whereas buying a home does. One can relocate to any new place near the workspace or closer to the school of their children whenever the need arises. Renting a house also gives out a precise judgment for the monthly expense whereas owning a home can fetch more expenses anytime. Renting a home also eased down the burden of maintenance and other such aspects which are usually taken care of by the owner. 

At Pyramid Lifestyle, we understand the significance of home buying and hence we offer homes that cater to different needs. Our inventory includes luxurious homes to affordable homes that offer a holistic lifestyle at the best prices. At Pyramid Lifestyle, we craft homes that are charming in stature, surrounded by lush green environs, and are studded by enticing amenities for you to lead your everyday living in style. At Pyramid Lifestyle, it’s not just about owning a home but it’s more about experiencing the overall vibe of the place day in and day out. Here, you can be the owner or can rent an apartment to live a wholesome life and gift the same to your loved ones. Arrive at Pyramid Lifestyle and explore all the options to experience the profound experience of life for each one and everyone. 

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