10 reasons why buying a house is better than renting
Whether to buy a house or continue renting is a common dilemma in India. While renting offers flexibility, there are several compelling reasons why purchasing a home is a better long-term financial decision.
Some people argue that buying a house is too costly while renting is easy and can be done without having too much financial burden in the long run. On the other hand, some believe that buying your own house secures your future and protects your family. You can enjoy your lifestyle without too many disruptions and nobody will tell you when to come and how to live your life.
Other benefits include financial benefits — your house is a financial asset which you can leave to your family to use or sell when necessary. Just like each decision has its pros and cons, this article focuses on the benefits of purchasing your own house.