A home is much more than just four walls and a roof. It kindles a range of emotions and thoughts in us. To some, it is a sense of security; to some, it is about comfort and to others, it is a symbol of status and accomplishment.

Own home brings you below advantages:

No landlord hassles

When you have a home of your own, you are in control. You do not have to deal with a landlord; be it minor repairs or a complete overhaul of your entire home, living on rent is a pain in many ways. You are dependent on the landlord for water, electricity, maintenance and almost everything else.

Emotional security

When you purchase a house, you provide your family their very own space; a home. At the end of a long day at work coupled with tiresome commute and continual stress, returning to your own nest brings alive a sense of security and comfort which is simply irreplaceable. After all, there is no place like ‘home' where you can be truly at ease and just be yourself.

Home as an investment

When you are likely to live in a particular city for long, it makes sense to buy a house so that you have a feeling of belonging and permanency. You get to identify with the city and its lifestyle. You feel that you have finally settled in life. Besides property prices usually appreciate over the long term. Buying a home means you are also enhancing your wealth over time. Delaying your property purchase will result in having to invest a higher amount.

Conforming to social norms

And finally, buying your own home is a symbol of accomplishment and success in the society. Your wealth and status is measured by the home you own. thus, by buying a house, you can enhance your social status significantly. Whichever way you look at the question of "rent or buy", buying makes eminent sense. 

By:  Shailaja K