Should you buy a house or rent a house? Which is the best option?

At some stage in life, many of us often face this dilemma - is it better to take the plunge and buy our own home, or should we just rent one? The “EMI versus rent" debate has been going on for quite some time.

On one side financial advisers propagate home buying as an ideal option, there are others who feel renting a home could be a good deal too. To help you evaluate the two options, we list out the pros and cons of both sides. With different financial implications, the option that may suit you greatly depends on your financial needs.

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