The world of real estate has an immense potential to offer you the best benefits. However, you must know the rules of the game.
Whether to buy an apartment or rent it in Kolkata?
If you are at present looking for a real estate property to be sold in Kolkata, we are sure that this question might have crossed your mind. A first-time buyer is more likely to be intrigued by this. Overall, this is a universal query.
Do you get a satisfactory answer?
Most probably ‘no’. You will find many who would affirm their conviction that a property for rent is a fine proposition while others would favour the purchase of a property. Let us not make things more confusing and analyse the options based on relevant logics.
The benefits of renting:-
Whether to buy an apartment or rent it in Kolkata?
If you are at present looking for a real estate property to be sold in Kolkata, we are sure that this question might have crossed your mind. A first-time buyer is more likely to be intrigued by this. Overall, this is a universal query.
Do you get a satisfactory answer?
Most probably ‘no’. You will find many who would affirm their conviction that a property for rent is a fine proposition while others would favour the purchase of a property. Let us not make things more confusing and analyse the options based on relevant logics.
The benefits of renting:-
- We would suggest that renting is the best option for the professionals or those running a business who must change locations frequently. Those leading a nomadic life should stick with this option.
- A rented residential property demands a lesser degree of responsibility. Suppose there is a maintenance issue with the property. A tenant is not responsible to fix them as the entire maintenance duty stays with the landlord.
- Apart from paying the rent or the damages caused to the property due to mishandling, the tenant is free from paying extra money.
- As and when required, the tenant might move to another rented property if he/she is not satisfied with the existing property (or if there is some other issue).
The drawbacks of renting:-
- Individual experience differs and the drawbacks of renting are heavily dependent on the comfort level that you are with your landlord. This dependence takes you to a vulnerable state. Your good and bad are dependent on the whims of your landlords. The situation may take a bad turn if there are the limited number of options in the form of rented properties in a particular region. You might not shift to a new place so easily even if you are suffering badly in the hands of your landlord.
- Fluctuating rent amount is a major problem to affix the monthly budget.
- Tenants and flat owners usually do not gel in together as there is always a sub-conscious psychology playing behind the mind that the tenants are not the permanent residents of the housing apartment.
The benefits of owning an apartment in Kolkata:-
- If you are not having a transferable job, owning your own flat is the best option in Kolkata.
- It is true that as a tenant, one is paying a minimum amount. You must have focused on the fact that as an owner, you are paying the home loan instalments as well as the maintenance expenses of your flats in Kolkata. But, you are actually owning the property. You are not paying for a real estate investment appropriated by some third person (in this case, the landlord).
- With growing age, an individual should become more responsible towards his/her duties. Owning an apartment makes you more responsible towards the maintenance issues of your property.
- You feel more attached to the neighbours as you are going to stay long (probably throughout your life) here. You create a deep bonding with them.
- You may buy apartments as end users or as investors and enlist it as a rented property. If you are getting a good rent amount, you may pay the home loan instalment and even save something.
- Apartments are considered to be more secure than landed properties. These are also known as gated communities. Apart from the builders who install security systems around the walled housing enclaves, the owners can doubly ensure their security by installing their personal security devices.
The new generation favours buying a property. Compared to the last decade, the number of young home buyers is more now. We can say that the trend is shifting towards buying a 2 BHK or a 3 BHK flat for sale in Kolkata. Still then, we suggest, you take the decision after making a detailed research on the subject.
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