Welcome Guest! Contact us +91-7979932964 Follow on:    Contact Us |  FAQs |  Free Register |  Login 

Buy vs. Rent

By ResidenceBuy India  |  0 comments   |  1940 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
Enhance the home Value

Enhance the home value:Given that you have decided to sell, and have a good pricing strategy based on extensive research and market trend, it is time to make your property attractive.

Read More
Selling Guide
Final Check List

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

Read More
Selling Guide
Setting Home Price

Setting the right price is the most important aspect of selling a house successfully. Note that a high price will drive the buyer away and a very low price will result in a financial loss for you.

Read More
Email Alert

  Articles & Blogs
  Guide & Tips