Business Line : Features / Investment World : Is it better to rent a house or buy one?
Though several factors influence the rent or buy call, the numbers are a good guide to help you decide.
Have you put off buying a home because of high prices or rising interest rates? As home loan interest rates rise — and with them, the equated monthly instalments — many of us are faced with the dilemma of whether we should continue in rented premises or take the plunge and buy a new home.
While we have analysed the issue based on the numbers, the decision isn't easy and cannot, in fact, be based purely on numerical factors. We take you through the pros and cons of the rent-versus-buy decision.
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