Top 6 Benefits Of Owning Your Own Home
Metro Group | 31st May, 2019
Finding a new house is a tedious process and requires a lot of patience. However, there are several benefits of being the owner of your own home than staying on rent.
If you are confused on a decision on whether you should opt for a new home – have a look at the advantages given below. You should to get a satisfactory answer to your confusion.
1. Pride Of Ownership
Whether it’s a 1 & 2 BHK flat in Chembur or a lavish penthouse– having your own home gives you immense pride of the ownership. You can enjoy living in your own home without any fears of the landlord asking you to vacate the premises or increasing the rent to levels you cannot afford.
2. Brings A Great Sense Of Belonging
With your own home – you have a place where you can raise your children and your future family without any worries. You begin to feel more attached to the city and its people around. You will find yourself more involved with community events – what is happening within the building society, the roads and shopping centers in your area.
3. You Can Feel The Warmth, By Creating And Embracing The Home The Way You Want
When you own your own home, you are free to decorate it and renovate it as you like. You can add plants, attractive paintings, curtains, and other colourful furnishings to give that personal touch. It’s your own castle; hence you can turn it into a beautiful living by adding your own creative ideas.
4. Helps Build Equity
The quicker you pay your mortgage, the bigger is your equity. This is in addition to the appreciation value of your home. It can fund your future retirement, children’s education or just guarantee an asset that you can utilize for your future needs.
For Example, You own a 3 BHK flat in Chembur now. Ten years from now the equity value of the property can provide you a cushy nest egg for the future or even cash flow to put down on your next home.
5. Helps Build A Strong Credit History
When you buy a home on loan, and consistently make an effort to pay your EMI’s on time, it exhibits to other lenders that you are a good borrower – and the risk of you defaulting on a loan is low. This strong credit history will be useful in future when you are in a need of other loans for purchasing a car, making home improvements or paying off other major expenses.
6. Tax Benefits
You can claim a tax deduction on home loan interest if you or your family resides in the property, or even if the house is vacant. In case you have rented out the house, you can use the rented money to pay your EMI’s in time. Home loan benefits are subject to certain conditions, but they can help reduce your tax outgo.
Looking to buy a new home of your own? Stop by Metro Group India. This real estate developer is offering 3 & 4 BHK flat for sale in Chembur East. With world-class amenities like enchanting garden, swimming pool, children game room etc – the team aims to bring energy and life to the entire surrounding.
For most people, home is not just about four walls shaped with bricks and cement, but a world where love resides, memories are created and a foundation of a lifetime is being laid.
Being a responsible real estate developer, the Group takes responsibility to provide them with world-class residential spaces, complemented with the highest standard of design, innovation, and execution.
Built on the foundation of trust, integrity, customer-centric approach and perfection, the company’s work always displays its core values. All this makes the experience of owning a Metro Group property comparable with none.
For more information on Metro Group India visit: http://www.metrogroupindia.com/