What is Rent vs Buy House Calculator?

Buying or renting a property is sure to bring you money, but it is up to you to decide which will be more beneficial. You will have to consider whether the property will have a good resale value in the future or not, and then decide whether to rent it or buy it. If you think it will have a good resale value in the future, buy it; if not, just rent it for some time. To find out, you can use a buy vs rent calculator. You will get such calculators online anytime. You can read what inputs need to be given and how it works in this answer, so read it to the end.

What is a rent vs buy house calculator India?

The rent vs Buy calculator in India is nothing but a calculator that will help you know whether renting or buying your property will be better. The buy or rent a house calculator will take into consideration several inputs like

• Property price

• Downpayment 

• Loan amount

• Loan interest rate

• Loan tenure

• EMI

• Annual property appreciation

• Maintenance cost

• Property tax and more

Rent a property if

• You are planning to live in that place for a short time

• You do not have enough money to buy the property

• You do not want to take any headache( in rented properties, maintenance is looked after by the landlords) or more reasons

Buy a property as

• Investing in a real estate will never go waste

• You are sure to live in that particular place only

• You feel the location, amenities, or other aspects of the property are great, and that can bring a good resale value.

So use the buy vs rent calculator India, to know the value of the property. As per your requirements, you can then decide which will be best for you. I hope you have understood why to use buy vs rent calculator. 

I find the choice between the option to rent or buy a house a little difficult. So I believe knowing the advantages and disadvantages of both owning and renting is essential to make the best choice for your needs. Here is a comparison of the rent vs buy calculator.

What is rent vs buy calculator India?

Let's say Bangalore has a piece of real estate. It is currently valued at, let's say, Rs. 40 lakhs. Let's look at what would happen if someone chose to either buy or rent this property:

1) Rent:

The initial cost to the renter would be roughly Rs. 20,000 per month if they choose to rent this home. Every 11 months after the previous period has ended, this cost will rise.

2) Buy: 

The EMI for a home loan (20% down payment, 80% loan) will be around Rs. 30,000 a month (8% for 20 years). Rent will be more expensive to pay than EMI (per month). In addition, lump-sum down payment of Rs.8 lakhs will be required. Paying EMIs is a major stress for a middle-class person. Thus, choosing to purchase a home is not an easy choice.

This is all I have to say about the rent vs buy house calculator.

What things encourage buying?

• When you buy a home, you may design the facilities in any way you want, create a kitchen cabinet and paint the walls any colour you like. If you rent a home, you must adhere to all the owner's requirements.

• India is an emerging market, so when income volume increases, prices will continue to rise. If you wait to purchase, the same house can eventually become too expensive for you.

What things encourage renting?

• Renting allows you greater freedom while homeownership provides stability. Nowadays, a lot of people relocate to new places every two to three years in search of better employment opportunities. 

• Real estate markets often lead to booms, just like stock markets do. It is preferable to continue renting if the real estate market in your city is costly.

You must have understood the rent vs buy calculator in this answer.