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Is It Cheaper To Build Your Own House Than Buy One?

 

Owning a house is a dream come true. In metro cities like Mumbai, Kolkata, Chennai and Delhi, the cost of a 1 BHK house is beyond the reach of the common man. Of course, owning a house gives a lot of benefits over staying in a rented house. It is an epitome of success, while it also offers the security of a roof over your head.

 

If you have decided to become a house owner, you have two choices: 1) construct a house 2) buy a house. Which one is better and why? In this video, the speaker discusses the pros and cons of these two options. When you plan to construct a house, everything is planned and executed according to your preferences and choices.

 

 If you decide to buy a house, you may have to compromise on a few things.  Go ahead and construct a new house in case you have the money. If you have a limited budget, staying on rent seems to be a good idea.  If you are falling short of funds to construct or buy a house, go for home loans. Maintaining a good credit score helps you avail affordable housing loans.

 
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