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Sunday, May 22, 2016

What is advisable buying or renting a Flat?

What is advisable buying or renting a Flat?

Question:

I am an IT professional working in Chennai. What is advisable according to you ­buying or renting an apartment?

Answer:

If you do not have enough money to buy then you can rent a property.
You need to check what your requirements are and how much you can afford per month for an EMI (Equated Monthly Installment) and rent.

If you feel that your EMI is higher than the monthly rent, then it is good to buy.

But make sure your EMI is not more than 35% to 40% of your monthly salary.


Source : Magicbricks.com 
What is advisable buying or renting a Flat? Reviewed by S. Chitra on May 22, 2016 Rating: 5 What is advisable buying or renting a Flat? Question: I am an IT professional working in Chennai. What is advisable according to yo...

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