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Monday, March 7, 2016

What is better: Renting a home or buying a home?



When we got married, our first priority was to buy a home. We collected every rupee, postponed the purchase of a few necessities and booked an apartment. This was the mature thing to do. Though, later we realized that buying a home is a very complex decision. There are many other factors involved in it, besides investment. Ask yourself the following questions before deciding which option is better for you - renting or buying

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15 comments:

  1. You put forth the right questions Saru, I rented an apartment in bangalore as I wasnt sure if I did be there and then later on bought one when I had sufficient funds. While home loan has its tax benefits these days it's more abused and I never prefer it. The real estate industry and builders have become notorious, they want 100% funds upfront even in under construction buildings and if delayed do not pay penalty in such cases if a person is on loan,he ends up paying emi and also stays in rental apartment till building is complete.

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  2. Very pertinent issue especially for young people on the lookout for a house and equally well addressed, Saru!It is never easy to buy one no matter at what stage one takes the decision to buy a house.

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  3. Buying home is definitely better as the rented one never resides in your heart. Only your own home can give you your share of land and sky. :')

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  4. I personally think buying your home is the best decision, which I took myself. yes it has its issues but then OWN home is OWN HOME..

    Bikram's

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  5. Thanks for sharing this... Buying home is a big decision.. And it is always better to do it now than later I guess...

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  6. Buying home is a better than renting to me. But every decision has its own up & downside.

    www.luv4beautyblog.com

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  7. Builders are exploiting the vulnerability of people who need to buy a house after saving enough money and govt also supports the builder better than the buyer. I would ideally like people to stay in their ancestral homes and work for the betterment of their community.

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  8. Very well explained.

    Looks like with the changing support price and laws in India, renting is good (my views though).

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  9. Absolutely that too in the metro cities it is next to nightmares to go for a home.

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  10. Buying your home is very often a good investment.

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  11. @Everyone - Thanks for reading and sharing your views. :)

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  12. I would anyway want to buy a house first and feel better. It's a pain looking for a new house and lease all the time...

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  13. Hello, this is really needed for many even for me.

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