But you also have to deal with another aspect of the home. It has to do with numbers. The monetary aspect is also important as home buying is often the biggest financial transaction in the life of the average Native American. Renting or buying is a decision that many faces.

Why buy a 1 BHK flats in Noida good for investment

No hassle for rent agreement-

By owning a home, there is no fear or anxiety caused by the possibility of early termination of the lease by the owner. On top of that, there is no problem with annual rent renewals and repeated rent revisions.

Less expensive deal for the long term-

Instalments on your principal and mortgage rates give you attractive tax breaks. And remember that renting is actually more expensive than just the rent you pay. Your costs are higher as you do not receive any interest on the amount of deposit paid to the owner (which is quite high in premium locations) during the rental period.

Reduced living cost-

All the monthly payments you make ultimately help pay off your mortgage and own the property fully. Owning a property means you can lower your cost of living as you do not have to pay rent or mortgage, which is especially beneficial later in life. When you retire, there are schemes that allow you to free up your equity to fund your pension.

Hassle-free living-

One of the biggest benefits of renting rather than owning is clearly the freedom it gives you. Terminating a lease is much easier than selling a house, and much faster. And even if you do not cut ahead of schedule, the rent sets certain conditions for you to make important life decisions. Hence it is always beneficial to invest in 1 BHK flats in Noida.

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