Profile

Registered: 3 years, 5 months ago

Buying or Renting - Which One is a Better Investment?

 

To rent or to buy?

 

You can’t expect an objective answer to this question and rightly so, because there’s not one. A thorough analysis of the current market trends and economic situation can steer you in the right direction, so the answer which is currently at the top of our heads is that it is totally contingent upon varying circumstances of an individual. 

 

Before you make a decision about Offices for Sale in Islamabad, you should take a piece of paper and write the following questions:

 

Disclaimer: There are no wrong answers! Just be true to yourself. . .

 

Where does my current budget put me- finances wise??

 

For how long, do I want to live in the area that I have chosen for the residence of my family?

 

Where do I see myself and my family members in the next five years?

 

What do I like more: stability or flexibility?

 

Another thing to keep in mind is that even if you have enough budget to purchase a property or invest in it according to a long-term plan, will you be able to keep up with the maintenance or the repair costs??

 

Let’s look at some pros of renting and explore why in today’s economy renting has an upper hand over buying.

 

Equal access to Amenities

 

Multi-story flats or apartment complexes can provide luxuries such as a common fitness center to all its tenants without any additional charges apart from the rent.

 

No worries of a down payment

 

It is a fact that although the total amount that renters need to pay varies from region to region, the amount paid upfront, is significantly lesser than the downpayment to buy a house. Those people who can’t afford to give a downpayment in the prospects of renting a house, they can turn out far better if they close on a renting deal. Some people don’t know that a downpayment is 1/4th of the total price of a house which can cause you a great deal of money. Ouch, I’d always suggest otherwise.

 

If you want a House for rent in Islamabad in a prime location with all the amenities, then you need to look for a ‘house for sale in Islamabad’.

 

Renting offers more flexibility for where to live or relocate

 

The macro indicators of the current economy are enough to identify that many people struggle to make ends meet. Renting enables citizens to exercise their option to downgrade or downsize into a much more affordable living space or residential area when their lease ends.

 

A comparative degree of lower utility costs

 

People who are in favor of buying and total possession would claim that although homes can vary in size.  Typically larger than rental apartments or flats, homes offer greater physical space or the liberty to accommodate many more people. But they don’t know that it's more costly to heat or centrally air-condition, and even electric bills can be higher.

 

No need to care about the maintenance costs or repair bills

 

Another advantage that renters have over homeowners or potential buyers is that they are free from the worries of any maintenance costs or repair bills. Your landlord or the homeowner is responsible for all the maintenance, periodic improvement, and any repairs if you are the tenant. On the other hand, homeowners are responsible for all home repairs, maintenance, and renovation costs. If this happens regularly, it can get quite expensive, isn’t it?

 

Having trouble renting a home?

 

Simply get in touch with the professional experts at the official website of Gharbaar. Catalyzing the waning real estate market of the twin cities, Gharbaar is 24/7 committed to serving you with the best home buying and selling resources and ensure that its clients have to face minimum risk.

---

Forums

Topics Started: 0

Replies Created: 0

Forum Role: Participant