Welcome Guest! Contact us +91-9471830444 Follow on:    Contact Us |  FAQs |  Free Register |  Login 

Buy vs. Rent

By ResidenceBuy India  |  0 comments   |  1692 views  |   Feb 23 2012

Before buying a house this is the most important choice you face. Depending on your circumstances either renting or buying may be the best choice for you. See our chart below for pros and cons for renting and buying. If you decide to buy then continue below.

  Renting Buying
Pros

  Move when you wish

  No initial capital requirement

  Protected frommarket downturn

  No maintenance worry

  No recurring fee(i.e. insurance)  

  Living your dream
 
  Build equity

  Capital gain in a rising housing market

  Tax benefits  

Cons

  Paid rent doesn't yield return

  Vulnerable to future rent increase

  Abide by landlord's policy  

  Down payment is a big financial outlay

   Less flexibility if you need to move fast

   Equity loss in a declining housing market


Leave a Comment



Buying Guide
Shortlist properties

Shortlist properties: Now that you are ready to go, here are some key facts to keep in mind:

Read More
Buying Guide
Home buyers tips on mortgage

As a homebuyer you are bombarded with a Niagara of information. Here we distill it for you so that it makes sense.

Read More
Selling Guide
Final Check List

Get documents ready before you selling. Read more for detail requirements from Govt. of India

Read More
Buying Guide
Required Documentation

Required Documentation: Lenders require specific documents to determine your eligibility of receiving a home loan. The required documentation is different for different borrower types (i.e. businessmen, salaried employees and professionals)

Read More
Selling Guide
Value of the Property

Value of the property: Now that you have decided to sell your house, finding the value of your house is the next natural step. Here are few key things to keep in mind:

Read More
Email Alert

  Articles & Blogs
  Guide & Tips