Home-Owning Vs Renting

[{"selector":"#anim-9282a1a5-768c-41cd-9f04-a0ccba9efe09","keyframes":{"transform":["translate3d(-117.64707%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-76537a68-27d7-43b5-8ab7-124e8d73a877","keyframes":{"transform":["translate3d(117.47573%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f9e3d18e-d3a7-4797-8921-932ad357f3bc","keyframes":{"transform":["translate3d(117.15211%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Domain Dilemma You need a space to call your own - but do you really need to be a homeowner? You can certainly make a rental feel like home with the right decor. Here’s a look at the pros and cons.

[{"selector":"#anim-855afe5d-764e-4853-a281-ec3ee613babe","keyframes":{"transform":["translate3d(-119.85295%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e7e98d85-9713-4b3d-8a4c-f81213e24db4","keyframes":{"transform":["translate3d(115.53399%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b64981b5-abf8-4d56-9ea6-b4354eb72346","keyframes":{"transform":["translate3d(115.53399%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Property Price Trends Price movement is the major trigger for a home purchase decision. If property prices go up, you pay a higher amount. So, buying a home early in life means potentially locking in lower rates.

[{"selector":"#anim-fa68c84c-392a-41ee-97a6-671a2982bb31","keyframes":{"transform":["translate3d(-124.77065%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e15fa14f-091b-41b1-bcbb-89fad6637e6f","keyframes":{"transform":["translate3d(115.53399%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Home Loans While you may be earning well now and can afford a home, taking a loan involves a big financial commitment that will span a long period - over a decade!

[{"selector":"#anim-aade9742-5964-4f85-b98f-1988038775e9","keyframes":{"transform":["translate3d(-124.77065%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0b36926d-b75f-4a5c-b0ac-2e307e258846","keyframes":{"transform":["translate3d(115.53399%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Down Payment Accumulate at least 20% of your property value before buying a home. Invest your savings regularly into a mix of equity and debt funds, till you hit the target.

[{"selector":"#anim-a99215d3-5ff6-42f4-b5ed-edf0b48a4fcd","keyframes":{"transform":["translate3d(-133.57144%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-11da00d9-dce8-4cb0-8dbf-405f7df2ffca","keyframes":{"transform":["translate3d(116.18123%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fce522ca-5e84-4d5a-98f2-83e06baa2b75","keyframes":{"transform":["translate3d(118.12297%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Rental High rental is a reason why many people choose to take a loan and buy a home. Living close to work means paying at least 30%-40% of your take-home salary as rent, especially in larger cities.

[{"selector":"#anim-1d324312-9f21-43ea-b2df-3840fe7c02db","keyframes":{"transform":["translate3d(-120.08547%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8dfc35e9-10c7-4301-929f-7d0f9fb35f56","keyframes":{"transform":["translate3d(118.12297%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The Case For Buying A Home While renting is how most young professionals start out, they do pivot to buying a home depending on how fast their incomes rise.

[{"selector":"#anim-e5af7fa8-f106-4934-b782-d5080a1d59d3","keyframes":{"transform":["translate3d(-123.50426%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-28d3d477-89e4-4aa2-8142-d58d77260b5b","keyframes":{"transform":["translate3d(115.53399%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] EMIs Vs Rent The thought process is - if you are paying high rental each month, you might as well put that amount towards an EMI for a place that is actually your own.

[{"selector":"#anim-84cc11c6-f262-45c2-b856-d366c0b6256f","keyframes":{"transform":["translate3d(-119.03114%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-253d8aa1-12ac-4121-bf92-4973992a9180","keyframes":{"transform":["translate3d(115.53399%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The Reality Of EMIs Most banks won’t give you a loan if your EMI exceeds 40%-50% of your take-home income, jointly or singly.

[{"selector":"#anim-13702494-421a-4040-a0e8-58e9a001eaee","keyframes":{"transform":["translate3d(-116.609%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7ad46d06-e62e-4887-bf06-5a2809bc830b","keyframes":{"transform":["translate3d(117.79935%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Get Financially Stable So instead of jumping to buy a home as soon as your salary allows you to afford the EMI, strengthen your financial position first.

[{"selector":"#anim-aa9681b6-ebb3-4bb9-a42a-5fb629659fb5","keyframes":{"transform":["translate3d(-116.95501%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-00dcce63-eafa-432e-b4b0-1c1e1f7a4251","keyframes":{"transform":["translate3d(115.21036%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Choose Wisely Owning a house is certainly a matter of pride - but before you buy, ensure your finances are in order and that you can actually afford it in the long run!

[{"selector":"#anim-71936e79-33ff-4097-a96e-7c262a887fe7","keyframes":{"transform":["scale(0.05)","scale(1)"]},"delay":101,"direction":"normal","duration":1401,"easing":"cubic-bezier(0.77, 0, 0.175, 1)","fill":"both"}] [{"selector":"#anim-9d752bea-86de-47ed-ba1a-b4b45d61d0e1","keyframes":{"transform":["translate3d(0px, 100px, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"direction":"normal","duration":1400,"easing":"cubic-bezier(0.77, 0, 0.175, 1)","fill":"both"}] [{"selector":"#anim-2b59bb5f-7f29-4993-a9d7-4222429a4ab5","keyframes":{"opacity":[0,1]},"delay":800,"direction":"normal","duration":600,"easing":"linear","fill":"both"}] Mutual Fund investments are subject to market risks, read all scheme related documents carefully.