In some states of world,having a house instead of paying monthly rents is considered pivotal for individuals.It is mainly due to psychology of people that they beleive being owner of the home makes you feel rich,happy,satisfied and save.I truly contend that it is true and has positive effects on the mind of people.However, corresponding to some people’s economical state it can be a negative situation.
It is common thought of people to have their owm homes where they can do anything and it fosters their peace of mind.Building their own home actually save people from monthly rental income. There is no fear that one can makes you homeless and ones’s who save this money for several years eventually becomes millionaires. For example , according to one research 70% locals who do have their own home are pretty much satisfied ,happy and healthy as they dont worry about monthly dues.
It is good for variety of reasons as people try to buy their property nearby to their favourite and common workplace or student’s educationplace. Many families as they have children prefer separate home rather than flats or apartaments.It is better for next generation as they not need to struggle about constructing home and they will focus on their careers.Moreover renting house has become a business and people are earning plethora of money from this.So i see it has substantial benefits but for some who buy houses on least it will become troublesome for paying loans to bank and sometimes it takes place many years and they deprive themselves for basic necessities for this.
To summarize this,i will say home is blessing and there are so many benefits of having your own land and construct your dream place according to your choice .Its joyful feeling.