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

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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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Comments

  1. UnknownMarch 7, 2016 at 9:56 PM

    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.

    ReplyDelete
  2. Rahul BhatiaMarch 8, 2016 at 1:09 AM

    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.

    ReplyDelete
  3. UnknownMarch 8, 2016 at 4:44 AM

    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. :')

    ReplyDelete
  4. BikramMarch 8, 2016 at 7:03 AM

    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

    ReplyDelete
  5. LocomenteMarch 9, 2016 at 1:29 AM

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

    ReplyDelete
  6. UnknownMarch 10, 2016 at 5:24 AM

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

    www.luv4beautyblog.com

    ReplyDelete
  7. amsangMarch 10, 2016 at 8:29 AM

    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.

    ReplyDelete
  8. AnonymousMarch 13, 2016 at 1:03 AM

    Very well explained.

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

    ReplyDelete
  9. Golden FlowerMarch 13, 2016 at 11:12 AM

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

    ReplyDelete
  10. AnonymousMarch 14, 2016 at 1:28 PM

    Buying your home is very often a good investment.

    ReplyDelete
  11. Saru SinghalMarch 14, 2016 at 9:45 PM

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

    ReplyDelete
  12. The UntouristsMarch 26, 2016 at 6:44 AM

    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...

    ReplyDelete
  13. ujjwalApril 3, 2016 at 11:45 AM

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

    ReplyDelete

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