Top criteria to be considered - Rented House Vs Own House

We live in an era where renting a house or buying house come with equal responsibilities. If you are in one of the metropolitan city like Bangalore and you are looking forward to buying flats in Bangalore then to find a house to rent or buy both seem to the tedious job. But the question is whether you should rent a house or you should buy one.The answer to this question includes many criteria to be checked before making a decision. There are many pros and cons in both the case.

The first criteria and most important criteria are the budgets when you ren a house the rent can be in your budget but you are looking forward to buying one the budget may vary, so before you make any decision do your calculation and check which one suits you better. The second criteria are flexible if you buy a house you cannot move to a new place quickly as your investment will be stacked, so you must consider this criterion and then make your decision. renting a house gives you flexibility and freedom to move to new place within or outside your city. Buying Home gives you ownership which leads to your rules your home, you can decorate it in your way and according to your taste whereas in rented house lose the freedom of decorating the house with your choice. Buying a home can be one-time investment and you can give it your heirs in future when it comes to the rented house there is no fixed investment and moreover return n this investment in future is nil.

Above-mentioned criteria need to be reconsidered before making a decision of either buying a home or renting a house. Residential flats sarjapur road,3 BHK Apartments in Horamavu road all these areas can be a good decision for investment as the value of flats in future may increase. Buying a home can be beneficial for one and renting a home can be beneficial for another so depending on your choices, the answer may vary whether to buy or rent a home.