This Flowchart Could Help You Decide Whether To Buy Or Rent A Home
The flowchart below may be able to help you decide.
Like with most money questions, there's no one, universal answer.
Instead, it depends on your own situation, from the state of your savings to whether you're willing to coordinate getting a leaky faucet fixed.
When going through the chart, keep in mind that your answer is just for now - if the chart says you're better off renting, it certainly doesn't mean you have to rent forever.
In six months, a year, or even a matter of weeks, your situation could change and so could your answer.
For more insight into any of these questions, check out the explanation from financial experts.
Skye Gould / Business Insider
- US-China tariff war could benefit several sectors in India while harming a few others
- Amid heatwave, Delhi's power demand soars to May's highest ever at 7,572 MW
- 84% of Indian small businesses anticipate robust growth in 2024: CPA Australia survey
- Go Digit IPO allotment – How to check allotment, GMP, listing date and more
- 10 breathtaking valleys to visit in India in 2024
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market