.png){kind=logo}
Go Back to Main blog page
Say Yes To Emi, No To Rent
2
min read
59 views
2249 Likes
Should I Rent or Should I Buy a Home Find the Answer to This Confusion!
Most of you are going through this dilemma.You value your money and want to use that judiciously. Don play your game of things must be as they always were. Do the comparative analysisRent vs Purchaseand make a better economic decision for better life. Here How
Time period
The most indispensable factor is how long you are going to stay in the home and the locality If you have made your mind to stay for a longer duration say, 15 years or 20 years or more than that, then buying a property would definitely be a better and affordable option for you. But if you have moved to the city for a shorter period of time, say for 2 or 3 years then it's better to stay on rent.Home Buyingis better only if you stay for a longer period of time at least for more than 10 years. This principle applies to almost all the areas of the world. We have illustrated this with an example and line chart in our blogs -
Whether Taking Home Loan is a Wise Decision or Not
How Opportunity Cost Influences Our Major Life Decisions
Let us cite the finding of theTrulia Winter Rent VS Buy report 2015. The statistics of the report speaks homeownership is cheaper than renting in the top 100 major metros of U.S. Source: Trulia.com
As soon as you make your mind to purchase a property, a question pops up in your mind ent VS EMI. Which is more If you do the analysis, you will find initially, you may have to pay the EMI more as compared to the rent but after certain years, a break-even point comes, where rent becomes more than EMI. And paying EMI means your home will be yours.
Other Factors that Can Affect Your Home Buying Decision
Tags
Latest Blogs
EMIs and Interest
Fixed and Floating Rate Home Loans: Which Option is Right for You?
Read Blog
IIFL Home Loans | Jun 02 7:21 AM
419 views
|
Like 789
Likes
EMIs and Interest
Frequently Asked Questions: Post RBIs Moratorium on Loan
Read Blog
IIFL Home Loans | Sep 05 12:15 PM
222 views
|
Like 3826
Likes
EMIs and Interest
How Can Non-Payment Of EMIs Post Moratorium Impact Your Life?
Read Blog
IIFL Home Loans | Sep 05 12:15 PM
66 views
|
Like 2860
Likes
EMIs and Interest
Key Things to Know About RBI's Extended Moratorium on EMI
Read Blog
IIFL Home Loans | May 27 1:00 PM
69 views
|
Like 1983
Likes
EMIs and Interest
Decoding RBI 3-Month Extension On EMI Loan Moratorium: Should You Avail It
Read Blog
IIFL Home Loans | May 27 12:45 PM
45 views
|
Like 3405
Likes
Prelude to Building Green - IIFL Home Loan's Guide to Sustainable Affordable Housing
Download report
Most Read Blogs
EMIs and Interest
Fixed and Floating Rate Home Loans: Which Option is Right for You?
Read Blog
IIFL Home Loans | Jun 02 7:21 AM
419 views
|
Like 789
Likes
EMIs and Interest
Frequently Asked Questions: Post RBIs Moratorium on Loan
Read Blog
IIFL Home Loans | Sep 05 12:15 PM
222 views
|
Like 3826
Likes
EMIs and Interest
How Can Non-Payment Of EMIs Post Moratorium Impact Your Life?
Read Blog
IIFL Home Loans | Sep 05 12:15 PM
66 views
|
Like 2860
Likes
EMIs and Interest
Key Things to Know About RBI's Extended Moratorium on EMI
Read Blog
IIFL Home Loans | May 27 1:00 PM
69 views
|
Like 1983
Likes
Disclaimer: The information contained in this post is for general information purposes only. IIFL Home Finance Limited (including its associates and affiliates) ("the Company") assumes no liability or responsibility for any errors or omissions in the contents of this post and under no circumstances shall the Company be liable for any damage, loss, injury or disappointment, etc. suffered by any reader. All information in this post is provided "as is", with no guarantee of completeness, accuracy, timeliness, or of the results, etc. obtained from the use of this information, and without warranty of any kind, express or implied, including, but not limited to warranties of performance, merchantability, and fitness for a particular purpose. Given the changing nature of laws, rules, and regulations, there may be delays, omissions, or inaccuracies in the information contained in this post. The information on this post is provided with the understanding that the Company is not herein engaged in rendering legal, accounting, tax, or other professional advice and services. As such, it should not be used as a substitute for consultation with professional accounting, tax, legal or other competent advisers. This post may contain views and opinions which are those of the authors and do not necessarily reflect the official policy or position of any other agency or organization. This post may also contain links to external websites that are not provided or maintained by or in any way affiliated with the Company and the Company does not guarantee the accuracy, relevance, timeliness, or completeness of any information on these external websites. Any/ all (Home/ Loan Against Property/ Secured Business Loan/ Balance Transfer/ Home Improvement Loan/ NRI Home Loan/ Home Loan for Uniformed Services) loan product specifications and information that may be stated in this post are subject to change from time to time, readers are advised to reach out to the Company for current specifications of the said (Home/ Loan Against Property/ Secured Business Loan/ Balance Transfer/ Home Improvement Loan/ NRI Home Loan/ Home Loan for Uniformed Services) loan.