Rented Houses vs Buying a house.

Q: I am staying in a rented house, so I was planning to buy a house. Which one is wiser to buy a house or to stay in a rented house? Please help.

Ramakrishna, Hyderabad

5th November 2011

Buying property in Hyderabad

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Replies (4)

Buying vs renting is one of the challenging decision for anyone but at the same time future cash-flows is the most important factor one has to consider while making a decision. Multiple components are taken into account while making a decision based on future cash-flows. These include income, savings, existing home loans, EMIs, maintenance, property tax, income tax benefits, deposits, down payment, brokerage, monthly rent, interest rates prevailing in the market.

Kodanda Reddy, Hyderabad

16th June 2015

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Should you Buy or Rent a house? Please suggest I am 37 years of old and working in IT firms but my income is not too much high to plan for mid-segment apartment.

Sumanth Yadav, Hyderabad

16th June 2015

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Hi Yadav, Buy vs Rent is a constantly reflect debate.There are different perspectives on rental housing. The most basic view being that it provides room for movement for the households in the Rapid City life. It also provides stable urban status to migrants at their economic starting point.But on the other hand buying a house is seen as a form of forced savings.

Madhu Karanth, Hyderabad

16th June 2015

Hi Rama, I totally donot agree with Syed I do have my own house over here and I am very happy with the investment what I did for my house. It is said that buying a house is a great deal than throwing the money down the drain by renting a house.

Gireesh Hegde, Hyderabad

5th November 2011

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Hi Rama, as I stay in a rented house I can suggest you that it is better to stay in rented house as u need not have to spend much money on that. If you buy a house you have to give down payment, closing payment, furnituring cost, initial upgrade cost, mortgage payment, interest, property tax, insurance and the list goes on.

Syed Ali Khan, Hyderabad

5th November 2011

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