Best reasons to buy a house rather than staying on rent

Saurabh is a working professional of an MNC in Gurgaon from last 2 years and he stays here with his family, a wife and two children. His wife is considering a change of lifestyle for everyone in the family – one of the changes they are thinking about is whether to buy a house or to keep living on rent. This is a major financial and lifestyle changing commitment for them. The thought of owning a house is always associated with settling down in one place and defining your lifestyle from the way of living.

Saurabh and his wife are talking over whether to buy or to rent out as it’s a matter of choice, affordability and lifestyle.In this blog, we will help Saurabh’s family and yours to analyze both the options, renting and owning a house, along with a few important questions that first time home buyers ask – Till when should one live on rent? How can one build a corpus to buy a house? And, when is the right time to buy your own?