Should I buy or rent a home in India?
If you have not spent a lot of time in India, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"Buying a home in India can be a great investment, as properties tend to appreciate quite quickly. However, it is important to consider several factors before making the decision, including your budget, the length of time you plan to stay in India, and the type of neighborhood you would like to live in. It may be more cost-efficient to rent a home in India if you are only looking for a temporary residence with low overhead costs. However, if you intend to make India your permanent residence, investing in a home may be the better option. Ultimately, the best decision will depend on your particular situation and needs," said a member in India.
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SJB GlobalSJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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Other Questions:
- What do I need to know before moving to India?
- How do I find a place to live in India?
- What is a typical expat home or apartment like in India?
- What is the average cost of housing in India?
- Should I buy or rent a home in India?
- What should I pack when moving to India?
- What cultural faux pas should I try to avoid making in India?
- Why do people move to India?
- What are healthcare services like in India?
- What are medical services in India like?
- What are typical rents in India?
- What appliances are typically included in a rental?
Should I buy or rent a home in India?
If you live in India, newcomers to India would love to hear your answer to this question.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International
and Mass Market Marketing. She graduated from Ohio Wesleyan University
with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.