When Not To Buy A Home - And Rent Instead
Whether to rent a house or to buy one instead has been an intriguing question for almost every Indian working out of his/her home town. In fact, this can be considered as the single most important decision that one might have to make in their lifetime (apart from marriage of course...ehhmm). However, we get amused seeing how only a few people take a rational approach while taking this essential decision. What majority of people do is let their emotions, obligations and worst of all, societal pressure drive their decision.
At Pinnacle Homes, not only we are going to help you introspect whether you should own a home or are better off renting, but we will go a step ahead and provide you one stop solution of finding your dream home, right here on our all-inclusive property website. Let’s start. You fall in the category of people who will do a great favor to themselves if they rent a property if…
You can’t arrange for down payment:
As simple as it can be. No money no honey. If you are going to struggle to pay for the down payment, chances are you are going to struggle even more with EMIs, registration charges etc. It is not a wise decision to comprise your lifestyle drastically for a single asset. What you should instead do is rush to the Rent section on our website and rent a similar or better property, minus the pressure of down payments.
You move a lot:
If you are not certain about your next posting, or if you are an MNC professional chasing the foreign dream, then renting is for you. People who relocate often are better off renting simply because they can’t commit to a single location and hence a single property. Our advice: scan through our website and choose from the most popular localities in all the major cities of India. No matter where you are, we have the right home for rent for you.
You Don't understand the current market:
Now we do not exactly expect you to predict the economic cycle, but buying a house when the real-estate market is not in good health can prove to be a counter-productive move. Another indicator to watch out for is the interest rate cycle. Better than locking your money in a high interest transaction is to rent the same (or better) accommodation without worrying about the market condition. Pinnacle Homes provide the best accommodations available for rent across different locations. Hundreds of home-owners have listed their own property on our website for renting, thereby establishing a trust that is hard to find elsewhere.
You don’t need it:
Period. Not everyone is ready to take the responsibility of owning a home. Specially younger people who have just started on their professional journey. Do not let peer pressure or false notions (home is a single largest asset, well so is 1000 stocks of a blue-chip company) steer you towards buying, if you yourself aren’t ready yet. Instead impress your friends and provide for your family with the swanky new address that are listed on our website. A simple click and the best of the renting world is on your screen.
Convinced of renting a property? Great. Take the next step and go through our exclusive list of flats, homes and villas for rent in the city of your choice. From luxurious offerings to economic ones, we have property for rent as per the need of every individual. Happy searching.