Why buying a flat is best than renting

One is the biggest decision that anyone can make in their life is purchasing a home. Some people get into an ambiguous condition whether their decision to buy a home is right or not since it involves lots of money and for an average person it’s tough to pay the bulk amount in a go or keep paying instalments for life long. 

So these people tend to go for a renting home instead of buying a home investing large amount. Yet there are some backlogs where buying a home from top real estate companies like Amber Park Condoseems better for them. To put an end to the confusion, let have a look into the pros and cons of both buying and renting a home.

Advantages of buying a Flat

 When considering choosing the option of buying a home, one might get the following advantages: There are many situations in which the cost of giving rent is higher for the number years than the amount we pay instalments for the flat we buy for same number of years. The buyer has control of the property and realises that acquisition of the home is a capital gain. This lets him to reconstruct or remodel the home by his wish and can make best out it.

The buyer of a flat can’t have restrictions that happen when preferring for renting a home such as restriction of pets, children playing area and noise creation during festival season and the list goes on. While buying a home, we tend to force our savings in the flat which helps in paying the balance amount sooner through instalments so the flat become fully in their control as a their own property.