10 reasons why buying a house is better than renting
Whether to buy a house or continue renting is a common dilemma in India. While renting offers flexibility, there are several compelling reasons why purchasing a home is a better long-term financial decision.
Some people argue that buying a house is too costly while renting is easy and can be done without having too much financial burden in the long run. On the other hand, some believe that buying your own house secures your future and protects your family. You can enjoy your lifestyle without too many disruptions and nobody will tell you when to come and how to live your life.
Other benefits include financial benefits — your house is a financial asset which you can leave to your family to use or sell when necessary. Just like each decision has its pros and cons, this article focuses on the benefits of purchasing your own house.
Adhil Shetty, CEO, Bankbazaar.com, says, “While renting offers short-term flexibility, buying a house in India offers numerous advantages in the long run. From investment potential and stable housing costs to tax benefits and emotional fulfilment, homeownership provides a solid foundation for financial growth and stability. It is a decision that goes beyond mere shelter, offering a place to call home, build memories, and secure a brighter future for yourself and your family.”
Also Read: LANDLORD’S DILEMMA: Tenant not paying rent? Know your options
Let’s go through these key reasons why buying a house outweighs renting in India.
Owning a home provides an opportunity for long-term investment and asset appreciation. Real estate values in India have historically shown a positive trend, making homeownership a potential source of wealth creation.
Renters often face escalating rental prices, subject to
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