6 Good Reasons on Why It’s Better to Buy a Home in Dubai Than to Rentbuying a home in dubai buying or renting a home in Dubai Home In Dubai real estate property rental home rental property renting a home in Dubai
August 11, 2016
Looking for a home has always been a question of whether one should rent or buy. Choosing one or the other will depend on your lifestyle and your needs. Sometimes one should also consider the future and whether purchasing a home or renting one would be the right decision to make. To help you decide, here are some good reasons to buy a home in Dubai than to rent.
Managing Your Property
Having your own home in Dubai means getting to decide what to do with it. That means no more landlords that check up on you and the home you are renting. You can always redo your wall whenever you feel like it or even remodel or make additions as you please. You can also create more space and change the layout to fit your personality, as opposed to confining yourself to how the landlord economically laid out the rental home.
Safety and Privacy
Unlike rental property, you get to manage the security of your own home and without having to worry about the landlord coming over to check what you’ve done with the place every once in a while. You also won’t have to be worried about neighboring tenants who are in the other rental units beside yours. Your home is your own.
Save More and Earn More
Renting is paying for something that you will never own. Why not put your money to something that you can really invest in? Real estate has always been the best investment option due to real estate property appreciating its value year after year. In the long run, paying to own your home would save you a lot of rent money that just goes to your landlord. Spend the money for yourself. If you plan on looking for a new home in the future, you can always have your property sold or rented.
Increasing your Credit Standing
If you got your home through a loan from a bank, often times they will reward you with a higher credit score because of your good credit standing.
Being Financially Stable
Rent has the tendency to increase, drastically for some, for every contract year while your mortgage for your home remains the same for the most part of your loan.
Owning a Community
Not only do you own a home but you also get to have your own community. Homeowners are often involved in molding their community to their preferences, such as having safer streets and improving security for the whole neighborhood. They can also help in setting up good living amenities that the whole community might enjoy, such as a playground for children or a community library.
Choosing between buying or renting a home in Dubai will still largely depend on your current circumstances and your plans for the future. Knowing the right time to purchase will still be up to you. Having knowledge of what these advantages are in owning a home in Dubai will greatly help you if you are now facing the crossroads between renting and home buying.
If you are ready to own your home in Dubai, you could contact For Est Real Estate now to help you find the home that will fit your lifestyle. You could choose from a good number of properties in For Est Real Estate’s listings. But if you are still thinking about renting, you could have For Est Real Estate agents to help you find the right rental home for you.