Is it better to buy or rent a house?

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If you had the choice, would you rather rent or buy a house? This calculator is designed to help you compare the costs of buying or renting equivalent homes, all other things being equal. Your decision will be a function of on the one hand the current rent you could be expected to pay and the annual change in the rent, and on the other hand the price of the property you could purchase and the expected annual appreciation of the property.

Disclaimer
Each individual's situation is unique. Therefore, please do not make any decision just based on this calculator. Additionally, please be aware that any increase or decrease in the tax liability due to an individual buying or renting a house has not been factored in. For personalized advice, please contact iTrust's experts on +91 (0)124 478 0222
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Pacific said :
25/01/2012 		Hi, I want to understand if I am buying a home for living not as an innvestment why would you consider appreciation in your calculation. The basic premise is simply whether to live on rent or you own your house for living, where does this equation of aqppreciation of house arises.
nagaraju Y. said :
07/01/2012 		Dear Sir/Madem Iam working in police consitable, Hyderabad, City Police. I have Home loan for EMI Basis in my salary direct draw by the bank and also much your condition verywell. all documents were ready please arrenge the loan for housing , Thanking you Sir Nagaraju.Y. Baghlingampally. Hyderabad. 9492432215
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19/10/2011 		rent:8000 house:30lakhs interest 12% tenure 20yrs downpayment 20% inflation 6% maintenance 1% brokerage n reg costs 5% return on savings 8% rent appr 10% house appr rt 6%. Even then, i don't want the profit of 4 lakhs( at the end of 30yrs) at the unquantifiable cost of emotional,physical, psychological and financial burden/turmoil.
krishnarao said :
13/11/2010 		The perception is good for youngsters. But think of Senior citizens and analyse. It will be good if they rent house instead of Purchase as the life time left is short. More over the interest they get on the capital is very good in India in spite of Income tax rules.They can also live in lugury with capital %0 lakhs in tact