Buy Vs Rent ! What should I do? For a modern day home buyer, it has become a tough choice. “Should I pay rent or EMI’s for my house”? Hefty costs associated with buying a house, make most independent youngsters to rent one, once they start earning. Buy Vs Rent ! What should I do? As they start families and save money, many choose to buy a home. However, while it is apparent that there are no returns in renting, one needs to be mindful of the costs and recurring expenses associated with buying and owning a house. In this article, we have listed down five important points to consider while comparing Buying Vs Renting which shall help you take a right decision. 1. Cost: Buying: Buying definitely has a huge upfront cost which includes paying the token money/advance amount at the time of booking or entering into an agreement. In most cases, this is 20% of the purchase price. If you are planning for a home loan, there are installments to be paid. With many...
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