Contrary to what people think married couples are not in a majority as far as buying property is concerned, whereas singles are. A recent survey conducted by the National
Association of Realtors has broken many myths related to home buying. In fact, singles make one in every four home purchases, with single women out numbering men by two-to-one.
The primary reason behind the phenomenon is that many single men in their 20s or 30s continue to live with their parents until marriage, while single women are more prone to move into rented accommodation with friends after college. Additionally, women are marrying late, going for higher educational, and getting more serious about their careers. This provides them more available financial resources to purchase their own real estate and move into a place of their own.
?As a matter of fact, there are a couple of ancillary reasons also which play an equally crucial role in women outdoing men in purchasing houses in the country. Their favourable upbringing, higher quality of academic and professional education makes their roots apparently much more stronger and defined. In the current scenario, as gender inequality is disappearing, especially in urban cities, women are prone to relatively more exposure to the society and are observed to survive in liberty,? says Kaushik Sengupta, VP (sales and marketing), Eros group.
They also enjoy good job profiles with handsome compensations, thereby, achieving a respectable position in the corporate sector, which makes them more versatile. With disposable income rising among women, investing in homes is becoming a norm. These women largely fall in the age group of 35-50.
For most single renters, though it is a big step and a huge commitment, buying a home definitely builds in a sense of security, satisfaction and accomplishment that one can never get through a rented accommodation. Additionally, investment generally increases in value and accumulates equity that can be borrowed against in future for necessities or financial contingencies in future. Further, there are numerous tax benefits for women with income also, when it comes to property.