Acquiring a rental house is a controversial decision, especially in Pakistan and people usually do not encourage you taking such decisions and ask you to stay focused on buying your own home. However, experts believe that renting is not always a loss for tenants and you can utilize this option in specific circumstances. Actually, it is only a myth that buying a house in specific societies such as DHA is a better option.
Some people think that renting means a waste of money and you can secure it only through buying a house. But, it does not work in all the situations and you have numerous reasons due to which you can acquire a rental home. We shall discuss some of them in the following post.
No maintenance cost
You need not to keep the specific amount in the savings account for the maintenance of rental property because it is actually the landlord who is responsible for doing all such activities before renting out the property.
No need of huge amount as a down payment
The tenants do not need to keep huge amounts when it comes to renting as they only have to deposit a part of the rent in the form of a security deposit.
Fixed amount of rent
Rental amount is fixed and you can make your budget accordingly. You know exactly what you need to pay as a rent and adjust your expenses as per your income.
Flexible way of living
When you buy a house in DHA Lahore, you are bound to live there for at least a few years before selling the house, but renting a property makes your life flexible and you can move from one place to another according to your requirement.
Invest money according to your requirement
Investing not to own home opens new opportunities for you and you are open to investing anywhere according to your requirement and income. there are a lot of opportunities opening nowadays like Capital Smart City Islamabad.
Lower utility costs
Normally, rental homes are compact and therefore, the tenants can enjoy the facilities of home with lower utility bills while in your own home, you are always ready to spend money and therefore, there will be no savings in the future.
Urban living
You have the opportunity to enjoy urban living if you want a rental home. It has almost become impossible for most of the people to buy a house in an urban area but you can avail this opportunity if you are interested in rental properties.
