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

Buy vs. Rent

By ResidenceBuy India  |  0 comments   |  1894 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

  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  


  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
Selling Guide
Tips for builders for new real estate projects

Key prerequisites: Make sure that you have all the legal documents ready and all the govt. regulations fulfilled before the project starts. Otherwise the project can be mired in long legal

Read More
Selling Guide
Tax Implication

Tax implication: You pay capital gains tax on sale which is determined by holding time of the property:

Read More
Email Alert

  Articles & Blogs
  Guide & Tips