Namaskar / Hello to all hive users, who will reach this post. I hope you are doing great and having fun in your life and enjoying it with your loved ones.
We all do have options and we do choose the option which fits the best for us for sure, life is the result of the decisions we have made in the past.
Most of us do think a lot while making a big decision like marriage and a house yes both are part of our life for sure. You should have a home before you get married for sure 😅, what do you think?
For a normal person, it is a dream to buy their own house, Not all can afford a house🙃. Most of the population here do die in rented houses and many do die homeless.
Buying a house or renting a house?
Both can be done all that matters is the condition and circumstances for sure.
Who doesn't want to own a house don't you? But the thing is not all can afford to do that for sure. That is true.
There are surely many things we have to look over and you will know from this what is more beneficial renting or buying a house:
Can you afford that?
The first thing that comes to mind is the budget if you can afford to buy a house then sure you will do that definitely. who does want to rent a house if they can buy one? Of course, you don't have to buy it on the instance (not all do provide that type of facility for sure). You can take a loan to buy a house but make you you can complete the loan before the due date else than can be a problem for sure. Try to buy a house if you do have money else that can be a problem if the future.
Why are you buying or renting? (the purpose)
The purpose behind that is essential, let's say you are studying in college and you bought a house for that, I am sure that will be just waste after your studies are complete if you are planning to totally shift there then that will be a good decision. But if you don't have any plans to stay there then sure it will a waste of money for sure.
Benefits after that?
If you looking for benefits then a sure rating is not going to give you that if you want to take advantage then sure do have to own a house for that. you can buy a house and then rent it to earn passive income, may don't even think about that when they buy a house but after a time most a don realize that we should have made a few rooms for rent. then you have to reconstruct the house for that. So, if you making a new house then make what you need and construct it as per your need. Building a house is not a small thing for sure so clear your mind about what you want the take the step fromward.
I do think that owning a house is really beneficial for sure, even though you are not using it you can rent it and earn a passive income, it doesn't matter if you invest that money back in the house but still it is beneficial. Owning a house is like a dream for sure, we used to live in many rented houses but in 2019 my father managed to buy an old house and reconstructed that and it is worth 4X the invited amount (if we will sell it 😅)
We are constructing half part of the house after that its value will going to increase more for sure, I will sure share the pics when it will complete.
Thanks a lot for staying till the end 😃🙏, let me know what you think.
Never forget one thing you should be grateful for because what you have someone has a dream of that. So learn to be grateful. Be Thankful. 🙏😀
Thanks a lot for being here, let me know what you think.
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few posts from my past that might be helpful for you.
The best use of your Hive-engine/Tribe tokens you can 💰🚀
How to convert HBD to HIVE 3 ways to do that
Why new users should use Ecency application 🧐
few important tips for new users
Are you Using Brave Browser ?
The scammer and the downvotes 🔽🔻
The HBD interest and hive power
Best ways to earn money in the hive while you sleep 💰
What To Do With Your Hive Power [HP] / Hive. 🧠
Where To Delegate Your Hive Power [HP]
Where to delegate your hive power (Part-2)
Tokens to Buy on Hive- Engine
How to earn LEO tokens without posting 🤩
Do you want to save some hive ? 🤨
Passive income tokens 💰
Best why to Invest 💰🏦
The SIP Investment 💰💹
How To convert HIVE to Real Money (USD/INR) Part -1
How To convert HIVE to Real Money (USD/INR) Part -2
Thanks & Regards
@bhattg
-----Together we will make this a better place-----
Posted Using LeoFinance Beta
Buy or Rent? I would say let's buy it.
Have seen both of the circumstances in my relatives very closely so I can relate to this and give deep feedback. I have my own house and saw people taking the monthly rent as a burden when the month starts no matter how much they earn, their monthly expenses go up and down accordingly to their earnings so the burden is kinda similar to all.
One of my uncles had his own house, a pretty big one, he did something like you mentioned, sold his property for profit and started living in a rented apartment but his wealth didn't sustain him while maintaining his lifestyle and other things he ended up spending everything and totally dependent on renting. Thanks to the Almighty that he invested a good amount after his children and they brought a house again just a year ago, but guess what, it's not even half of the property his dad had sold.
There is also a thing, some want to buy apartments too, especially in highly developed areas where buying a land is highly expensive. Even I stand against that too, I would prefer to move to somewhere a little bit less developed but with high chances of facilities in future. Those would be valuable assets in the coming years, let's say in a timeframe of 20 to 30 years, the land price would surely go multiple times whereas the value of the apartment might decrease after a certain period of time. So yeah, I stand with buying if one has the means to buy!!
Aha intresting feedback for sure 😅, while Reading your comment for one i though this is a Post 😇.
Indeed we all do have our own ways to invest our money and to be honest not all are good at that, you have already given an example.
Buying a house is a Short of challenge too, if you pick a right place then boom if not then thing's can be a bit hard for you in the past.
Thanks for the sharing your thoughts.
Have a great day 😊🙏
!giphy thanks
!PIZZA
Via Tenor
Exactly, there is a mental satisfaction too as one of the basic needs is secured.
If certain things are checked about the land and the area then there are fewer chances to regret it. The lands we didn't even count for living 10 years back are now getting sold for more than 5x just because of the area and its increasing facilities which is creating the demand.
My pleasure, you too have a great one.
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Buying or renting depends the person mainly because buying is always better but if you can’t afford it then rent it so easy
Posted Using LeoFinance Beta
Yes exactly 🤗, if you can afford to buy the. Why would you rent 😅
Thanks for sharing your thoughts,have a great day and weekend ahead.
!giphy thanks
!PIZZA
Via Tenor
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!giphy thanks
!PIZZA
Via Tenor
Thanks you very much
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Well said bhattg. It all depends on whether the house will become an asset or a liability in the future.
!PIZZA
Posted Using LeoFinance Beta
On first sight everyone would say it's better to buy than to rent, because when renting, your money is gone, right?
After being a house owner for nearly 10 years (still paying debts for it to the bank of course), I'm not so sure about it any more. If you take into consideration the costs of renovations, taxes etc. I think the difference in what one is paying for renting and one is paying for buying a house is smaller than people think at first sight... Apart from that and more importantly, I think one should consider what is the most important: the freedom to do with your house what you want (within certain limitations obviously) and to be "sure" that you can stay there as long as you want, or the freedom to change or to go and live abroad or at an other place when the opportunity arises.
For me the answer is different when you had been asking me in the beginning of my career or if you'd ask me now. 20 years ago I was travelling/moving a lot for work and I've been sent from one place to another. Now I'm having children and don't feel like moving (much) any more for various reasons.... So 20 years ago I'd opt for renting and now I'd opt for buying... !CTP