One of the primary cyphers of becoming an adult is to start living independently in your own home. It\u2019s that time when you say goodbye to those PGs or hostels and find a home that perfectly suits your needs. When we say finding a home, it doesn\u2019t really mean buying one \u2013 Welcome to \u201cGeneration Rent\u201d \u2013 Today\u2019s millennials have totally disrupted the housing industry, as they are choosing to rent, they are turning their backs to the traditional concept of home ownership \u2013 and guess what it\u2019s all for good.<\/p>\n
There’s a big propaganda about why one needs to own a house, few of them are financial security and the so-called Tax benefits. But, millennials no longer value such perks, in fact owning a house is nowhere on their agenda, today the trend has moved towards renting. There are several advantages of renting an apartment, we picked up some of the most pertinent ones:<\/p>\n
Af<\/strong>fordability<\/b> \u2013 This had to be #1, millennials live on a budget, most of them are in the budding level of their careers, hence cannot afford to buy expensive houses. Renting perhaps is the best option to live independently that too in your preferred budget.<\/p>\n Savings<\/b> \u2013 Today young working professionals earn a decent amount of money but so are the numerous other temptations that leaves the pockets lighter by the end of the month. Savings among today’s millennials is already a scarce concept. \u00a0Buying a house means it will take away all you saved and don\u2019t forget the home loan that will go on and on for the next 20-30 years which means you cannot save.<\/p>\n Freedom & Flexibility<\/b> \u2013 Living in a PG or hostels means innumerable restrictions, on the other hand staying in your own rented apartment means freedom and flexibility. Also, buying a home demands a commitment to stay in an area for a long period of time which can bring in boredom, renting means a clear chance to break that momentum.<\/p>\n Enjoy Your Own Personal Space<\/b> \u2013 Lack of personal space is like one big problem for most of the millennials, living in a rented apartment serves as the best option as you find your own corner of the world.<\/p>\n Good Food<\/b> \u2013 Coming back home and getting tasteless food is a nightmare, it fact it is one big reason for stress and frustration. Cooking is therapeutic, staying in your own rented apartment gives you freedom to cook and eat what you like, which means happy you.<\/p>\n