Buy vs. Rent

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By ResidenceBuy India | 0 comments | 1806 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

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We are an all-in-one Indian real estate portal that provides useful information to simplify the process of buying and selling homes. We provide most up to date advice on existing and future opportunities in the local property market.

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Buy vs. Rent

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