Owning a house in Bangalore is great for long-term stability and investment, but you will have to bear the hefty upfront costs and maintenance responsibilities. On the other hand, renting will offer you flexibility and lower initial expenses, making it ideal if you are unsure about settling down or need to relocate frequently. So before taking a call on which is better in Bangalore: owning or renting a house, you better consider all these aspects.
Is It Better to Buy a Flat or Rent in Bangalore?
Choosing whether to invest or rent a property in Bangalore is completely up to you but here are some aspects you need to consider:
Buying a Flat | Renting a Flat |
Buying a Flat will be expensive as you will have to bear the down payment, registration charges and other fees | Renting a flat will be comparatively less expensive. You will just have to pay the security deposit, which is way lower than the down payment and other charges. |
Buying a flat means you will have to pay EMI and Maintenance fee | Renting a flat will mean that you have to pay just the monthly rent and a Minimal Maintenance fee |
It\'s hard to move out of your purchased property and shift somewhere else. | It\'s a rental property so you can move out whenever you feel like |
Buying a flat ensures long-term asset creation | You will enjoy no ownership benefits in rental properties |
The owner bears all costs | All the costs are mostly handled by the landlord |
Now, as per your need and financial condition, you can decide which will be better:
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Authors Of The Question
Which is Better in Bangalore - Owning a House Through a Bank Loan or Staying in a Rented House?
shyamginesh
145 Views
1 Answers
4 Year
2020-08-29T12:58:41+00:00 2024-12-30T15:51:59+00:00Comment
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