Renting vs. buying a 2BHK in Dharuhera

Having a home to live in is one of the three crucial aspects of a secure life. After clothes and food, shelter is the main ingredient that makes humans, a part of this society. Now whether it is your own house or you are living in a rented unit, a home is a home. But everything has its pros and cons, just like this debatable topic. So what exactly makes a residential property in Dharuhera, worth buying or not buying, or worth renting or not renting? Let’s analyse this in this article.

Buying a 2 bedroom flat in Dharuhera

With the region becoming an extended industrial hub of the Delhi-NCR region, many people are calling it a good investment option. So here we are contemplating what could be the right decision for the new property buyer or even a usual one when they decide to buy a 2 bedroom flat in Dharuhera.

Pros of buying a home

1. Status symbol

If you have bought or planning to buy a residential property, keep in mind that it will become your status symbol for a very long time. So try to find a property in the region that reflects your personality and can cater to all your home needs. The location of that region matters the most. For instance, you just cannot buy a house without parking space because every second household owns this essential entity.

2. Long-term investment

Once you buy some property in your lifetime, its resale value will not be the same as it was at the time of buying. With the booming economy, it will surely go up, giving you more scope to get better returns on your initial investment (ROI). Property rates are bound to skyrocket in the coming decade or so with the industries expanding, people’s income increasing, and their investment plans amplifying.

Cons of buying a home

1. High upfront cost

If you come across a flat for sale in Dharuhera, you would have to pay a higher amount of down payment as compared to what you will be paying in rent. You can easily get a home loan to pay off that mortgage. As you know it’s a long-term investment, so you will own the house at the end of your tenure.

2. Less mobility

Nice you buy a house, you are bound to that space. Although you can move for usual human activities and vacations, you cannot leave it empty for a very long time. However, that is not the case if you are planning to settle down in the area and have planned your whole life there only. Besides, if you have a job that you are planning to continue, then also it is not such a boundation.

Renting a 2BHK in Dharuhera

Renting in the region seems like a smart decision if you have plans to stay in the vicinity for a short duration, say 1 year or two. It also come with its own pros and cons as compared to finding a flat for sale in Dharuhera. Let’s see how it goes.

Pros of renting a home

1. Lower cost

Buying is expensive as compared to renting, which is light on the pocket. But if you are planning to spend a good amount of time with family like a decade, then buying seems like a better option.

2. Low maintenance

Because the property owner has the responsibility of fixing small things in your rented apartment, you won’t have to worry about it. But every time you face a minute issue, you will need to call up the owner.

Cons of renting a home

1. No ROI

As discussed many times above, you will not get anything in return in at the end of your tenure, which you will get in case you find a flat for sale in Dharuhera.