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Advantages of owing a home
Updated On: 14 April, 2011 12:35 PM IST | | Special Features
Owning your own home provides a sense of security, builds equity, provides stability and is an asset you can fall back on in times of need
Owning your own home provides a sense of security, builds equity, provides stability and is an asset you can fall back on in times of need
FISCAL ISSUES
As the average age of a home buyer keeps reducing, it would seem easier to buy property at present, because of 'value for money' prices and tax benefits that come with purchasing your own home.
APPRECIATION
International trends suggest that real estate gives an 8-10 per cent annual return. Therefore, appreciation is guaranteed over a period of time.
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