People who were born at the turn of the century, have now entered into adulthood and now they are ready to choose their preferred government, get married, take a job and so on. The point to emphasize here is, irrespective of the flow of time, there are some things that remain the same along the years like the characteristics and responsibilities that come along; one such example is the idea of homeownership.
Imagine this: You’re in your 20s, new to the city, working the 9-5 job in Gurugram, and want to live in a nice affordable flat in Gurugram filled with all the comfort you desire, and now you need only to pay a monthly rent. And if you like the city, you might have decided to settle down in the city, would you want to keep paying rent or would you rather put your money into owning a house; and begin a humble and stable life?
You must have witnessed this often, an elder raving highly of people with a house of their own that they live in, they have made a wise financial decision at the right time and there’s nothing wrong with admiring these people who have figured out what they want and invested at the right time.
In most social settings across the globe and especially in India, homeownership is seen as a sign of a sound and balanced financial system and by extension, a sign of being able to nurture and take care of your loved ones. A house bought with your hard-earned money is a matter of immense pride and can benefit you many in various ways like providing tremendous security in times of need as well as becoming a source of passive income. Behind all these emotional biases, there is a very economical logic behind it which few get to realize. Millennials are driven by their passion and are focused on making the most out of their younger days, socially as well as professionally. They want to make good money, live a life full of grandeur and still save for their earlier days. And if this is the case, aren’t EMIs the best option?
Millennials are moving out of their homes in their early 20s, keeping in mind and preparing for easy beginnings while giving priority to their finances and time, according to what they value the most. Investing in an affordable flat is perceived as a big step that holds down a person who isn’t prepared on laying down roots at that particular moment in his/her life. People would rather choose to pay minimal rent and use the rest of the money for studying, traveling, excursion, etc., something that would fill their lives with mirth. And this sentiment is entirely valid.
Whether in the short term or long term, renting is a fantastic option because it doesn’t add the unnecessary trappings of the mundane auxiliary responsibilities like maintenance and upkeep, as well as allows you to take life as it comes and savour all the opportunities. Some may even think, you can buy a flat at any point in life, and they might want to live in the moment and enjoy their life. But if you are someone who is focused on stability from the start, investing and buying a affordable flat in Gurugram assures your belief. If you are sure about your decision, you must start investing in it immediately. There are various bank schemes that permit you to pay an EMI which is equivalent to month’s rent of an affordable flat. Moreover, certain affordable housing projects give you possession of the house soon after you are done with the down payment. This can take off the burden of paying EMIs and rent.
In a turbulent market where the value of affordable housing flats keeps fluctuating, it is indeed a wise decision to make an investment by buying an affordable housing flat, laying down roots and securing your future. Hence, if your current annual income allows, by a sound financial investment you can purchase a house and give you the lifestyle you dream of.
Imagine this: You’re in your 20s, new to the city, working the 9-5 job in Gurugram, and want to live in a nice affordable flat in Gurugram filled with all the comfort you desire, and now you need only to pay a monthly rent. And if you like the city, you might have decided to settle down in the city, would you want to keep paying rent or would you rather put your money into owning a house; and begin a humble and stable life?
You must have witnessed this often, an elder raving highly of people with a house of their own that they live in, they have made a wise financial decision at the right time and there’s nothing wrong with admiring these people who have figured out what they want and invested at the right time.
In most social settings across the globe and especially in India, homeownership is seen as a sign of a sound and balanced financial system and by extension, a sign of being able to nurture and take care of your loved ones. A house bought with your hard-earned money is a matter of immense pride and can benefit you many in various ways like providing tremendous security in times of need as well as becoming a source of passive income. Behind all these emotional biases, there is a very economical logic behind it which few get to realize. Millennials are driven by their passion and are focused on making the most out of their younger days, socially as well as professionally. They want to make good money, live a life full of grandeur and still save for their earlier days. And if this is the case, aren’t EMIs the best option?
Millennials are moving out of their homes in their early 20s, keeping in mind and preparing for easy beginnings while giving priority to their finances and time, according to what they value the most. Investing in an affordable flat is perceived as a big step that holds down a person who isn’t prepared on laying down roots at that particular moment in his/her life. People would rather choose to pay minimal rent and use the rest of the money for studying, traveling, excursion, etc., something that would fill their lives with mirth. And this sentiment is entirely valid.
Whether in the short term or long term, renting is a fantastic option because it doesn’t add the unnecessary trappings of the mundane auxiliary responsibilities like maintenance and upkeep, as well as allows you to take life as it comes and savour all the opportunities. Some may even think, you can buy a flat at any point in life, and they might want to live in the moment and enjoy their life. But if you are someone who is focused on stability from the start, investing and buying a affordable flat in Gurugram assures your belief. If you are sure about your decision, you must start investing in it immediately. There are various bank schemes that permit you to pay an EMI which is equivalent to month’s rent of an affordable flat. Moreover, certain affordable housing projects give you possession of the house soon after you are done with the down payment. This can take off the burden of paying EMIs and rent.
In a turbulent market where the value of affordable housing flats keeps fluctuating, it is indeed a wise decision to make an investment by buying an affordable housing flat, laying down roots and securing your future. Hence, if your current annual income allows, by a sound financial investment you can purchase a house and give you the lifestyle you dream of.
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