India TV

Renting vs buying a home: Which option makes more financial sense for you? Find out

The rent-versus-buy decision is often presented as a straightforward question of whether to own a home or keep renting. In reality, the financially sensible choice depends on income, location, property prices, loan rates, investment returns, expected tenure and the opportunity cost of the down payment. According to Sarika Shetty, CEO and co-founder of RentenPe, the right approach is to compare the total cost of ownership against the total cost of renting plus the potential investment of the difference.