Property buying for women: Real estate prices are on the rise. According to a report, there has been a tremendous growth of 41 percent in total housing sales in the top eight cities. Real estate experts believe that this is a segment where prices may seem stable but there will always be a need for a house to live in and hence buying and selling of property will always be in trend. For this reason the price of property will never fall drastically. Despite the fact that buying property has become very expensive, some investment experts believe that single women should buy property.
At the same time, some investors believe that a house should not be bought for investment purposes. In such a situation, today we would like you to consider such points which can help single women in deciding whether they should buy a house or not, and if they should buy it, then what are the concrete reasons behind it. Also, can not buying a house be the right choice for them?
Single women buying home options: Single women should also buy a house because in future they may have to face old age and diseases alone. For a woman who is unmarried, divorced or widowed or living in separation, she should make arrangements to buy a house for herself, even if it is a small one. Balwant Jain, an expert in tax and investment matters, says that after weighing all the pros and cons and options, decide in which city to settle. He says that home gives the feeling of satisfaction more to women than to men. This thing also applies in the case of a single woman and factors like need, peace and comfort are added to it.
While planning a home loan, many things should be kept in mind like you will have to make 20% down payment from your savings. But if you think of buying residential property for investment, then experts do not consider it a good deal because according to them it is more expense and less investment. Also read- Buy only if you want to live in the house, otherwise do not buy for investment! Expert told the mathematics which you might not know till now
Buying or renting: Dr. Niranjan Hiranandani, founder and MD of Hiranandani Group, said in a podcast of a YouTube channel that it is right to buy a house among the two options of buying and renting a house. For more such information related to women and personal finance, you can click here. He says that a time may come when it will be very difficult to live in a house on rent because it is very difficult to afford. At present, if you buy a house on home loan, you also get income tax rebate on it and through the loan you are also able to build a house. Even if it is a small house, a house should be bought. You cannot create this capital creation in any other business. Also house is a necessity.
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Tags: Buy your own house, Buying a home, investment tips, property investment, property market, Real estate, Women’s Finance
FIRST PUBLISHED: April 29, 2024, 15:34 IST