Are you one of those who hates monthly installments? Would you rather prefer living in a rented apartment, not wanting to worry about availing home loans, repaying them and maintaining your home? Here are a few important reasons that could possibly change the way you look at this situation and probably decide on buying a home.

Home loan procedures are seamless

Gone are those days where you need to wait for ages to even meet a person from the Bank. This is the era where you just walk into any of the money lending firm and request for your home loan.

Rental prices are insane

Every year rental prices increase by an average of 4%, which implies that in roughly three years you will be paying 12% more than what you are paying now. To simply put, you cannot afford this kind of an insane inflation rate. Since more people are opting for rented apartments, the demand for the same goes up, resulting in an increase in rental prices. Why pay rent when you can actually substitute that for a monthly installment?

Home is a money machine 

If you were to evaluate the equity situation of your home in 5 to 7 years time from its purchase year – you will surely realize what a great decision you have taken!

Above all, there is no denying the fact that your home cannot be compared to anything else. The sense of ownership and well-being is quite strong if you live in your own haven. Enjoy this process