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Buy a house only if you don't plan to change city and can afford it

Renting provides flexibility vis-a-vis size of the house and geography, frees up finances

Topics
Personal Finance  | Home Loan | savings

Sanjay Kumar Singh 



Home loan
Financial calculators have become available that make it possible for you to decide whether to buy or rent

With the residential real estate segment reviving after a prolonged period of stagnation, prices are likely to move up, albeit slowly. Those considering a purchase may feel the pressure to lock into the current price. Simultaneously, high inflation is exerting pressure on household budgets. rates, too, are rising. A married person may also be experiencing parental pressure to ‘settle down’ (parental-speak for buying a house). For all those struggling to make the buy versus rent decision, here’s a roadmap.

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First Published: Wed, August 03 2022. 19:28 IST

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