Are you relocating to a new place in search of a better career option? It is necessary to have a home to live. There are two options – buy a home or rent. When you think to buy a home, you block a lot of money on a self-owned home and in case of rent, you play a major part in your income for a long period and overall reduce your savings.
In general, paying rent for the Prestige Misty Waters is much higher than you buy the property for the long-term. It is best to analyze and compare these options and know which one is better as per individual needs for maximum return on investment.
Home loan vs rent
A home loan is always higher than the rent paid. This saves you money that can be invested to get a decent ROI.
Cumulative cost comparison
When you buy or rent a home you need to incur several costs. When compared for the long term and appreciation of the property, most of the time buying a property is a better option. On the other hand, if you wish to stay at a pace for the short term, then renting is a better option.
Return on rent vs house ownership
The EMI you pay for the home loan is definitely higher than the rent you pay. However, payment made on a home loan is considered as an investment and provides a healthy return on investment but there is no return from the rent you pay.
Bajaj Housing Finance provides the best home loan at lowest home loan interest rate to buy a property in Prestige Misty Waters and pay the feasible home loan in EMI to enjoy maximum return on investment in the future.
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