Renting vs. buying isn one-size-fits-allAt the end of the day,the decision to rent or buy a home is a personal one. Buying a home isn always a good investment and renting isn always 渢hrowing money away.?It all about choosing what right for you and your individual situation.
People also ask
Is it better to rent or buy a home?
Renting a home comes with a lot of flexibility and freedom that attractive to nomadic souls as well as those with savings that are slim to none. On the other hand, buying a home can be liberating and, at the same time, stabilizing.
Is buying a house a good idea?
Buying a house is a long-term commitment. As is the case with any relationship, you should think through your decision攁cting impulsively is never a smart real estate move. So, if you just got married, graduated from college, or aren sure which neighborhood you want to live in, don feel guilty about renting until you have a solid plan.
Should you buy or rent a condominium?
Of course, that’s a good argument for buying a condominium, if you want something between buying and renting. With a condo, you own the property, but the condo association (which you pay dues to) is responsible for making sure the lawn is mowed and often making sure indoor repairs are taken care of such as plumbing.
Is it better to buy a house or rent in India?
While at the face of it, it does make sense as house value increases while you don get anything from the rent you are paying. But as you dig deeper there is a major flaw in this argument. The primary reasons are the insane cost of real estate in India and our approach to buying a house. Let understand this with an example of Mohit.