Importance of Buying a House over Renting a House – Important life decisions

Due to reasons such as requiring more fundamental capital and maintenance expenses, many people choose to rent houses over buying one. But is it worth enough? Let’s find out!

A house generates equity

Popular property developers in Sri Lanka the likes of John Keells Properties often come up with the best of modern residential housing schemes. Once you buy a house from them and sell it on a later date when it’s needed, you can make equity gains. This is because the value of a house increases with time.

Living in the long term

If you are planning to stay in one place for more than 3 years, why would you rent a house and keep paying the rent throughout the years? Instead, buy a house. That’s the best option.

Achieving life goals

Everyone has life goals, and owning a house is surely one of them. Once you become the proud owner of your dream house, it brings self-satisfaction to you like nothing else.

More privacy, more stability

You enjoy more privacy at your own house, simply because it’s yours! No one is there to point fingers at you, and there’s nothing to fear.