A house is more than what most people see; more than just four walls with a roof. It elicits a
wide range of emotions and thoughts in us. To some, it represents security; to others, it
represents comfort. It even represents status and accomplishment.
However, there is another feature of a house to consider. It has to do with numbers. The
monetary side is also essential, as buying a home is often the largest financial transaction in an
average Indian's life.
The hype around owning a home is always around the corner. Probably, it is something that
always stays at the center of every other decision like job, business, and career.
But why is owning a home so important?
Let’s find out.
Here are 7 reasons why you should own a home
NO LANDLORD TROUBLE:
You have complete control over your own home unlike in a rented home. You do not have to
deal with a landlord; whether it is little maintenance or a total remodel of your entire property. In
fact, renting is a nuisance in many ways as you are dependent upon the landlord for almost
everything - water, power, and maintenance.
EMOTIONAL SAFETY:
When you buy a house, you are providing your family with a space to feel secure. After a hard
day at work, a long drive, and constant stress, coming to your own nest provides a sense of
security and comfort that is just irreplaceable. After all, there is no place like 'home' where you
can genuinely relax and be yourself.
NO UNCERTAINTY:
There is no worry and anxiety associated with the potential of the landlord prematurely
terminating the lease arrangement. Furthermore, there is no need to renew the lease agreement
every year and re-negotiate rent.
NO COMPROMISE ON YOUR COMFORT:
When you want to save big in life, you have to essentially cut the expenses. And Rent is
obviously an expense with little to no RoI. As a result, you may have to make sacrifices in terms

of location, size, and amenities. When you buy a house, on the other hand, you will guarantee
that your chosen property matches your expectations.
HOME LOAN TAX BENEFITS:
You can get tax advantages for repaying your home loan and interest. And keep in mind that
renting is more expensive than just the rent you pay. Your cost is higher since you do not gain
interest on the deposit amount paid to the landlord (which is rather large in premium areas)
during the lease term.
MAKE YOUR OWN ASSET:
Instead of paying rent, which is purely an expense, you might pay the EMI on your home loan,
so creating your own asset over time. Effectively, with each EMI payment, your equity in your
home grows.
A LONG-TERM INVESTMENT:
When you know you'll be in a city for a long time, it's a good idea to buy a property to give
yourself a sense of belonging and permanence. As you become acquainted with the city, you
would like to find a place that ultimately gives you the impression that you are in your dream
place.
Apart from that, home prices often rise with time. Purchasing a property implies increasing your
wealth over time.
The bottom line
These 7 reasons clearly state that owning a home has several benefits. Apart from security and
certainty in life, owning a home is an investment and asset that has its own advantages.

P.S.: If you are looking for a home in Bengaluru, Mana Projects has some of the best
apartments and flats in Sarjapur, Bengaluru. You can surely book a visit and take a step
closer to booking your future security with one of the top real estate companies in Bengaluru.