This document compares the costs and returns of renting vs buying a property over a 20 year period. Renting would cost a total of Rs. 6,589,723 in rent payments over the period. Buying the Rs. 5,000,000 property would involve a down payment of Rs. 1,000,000 and total costs of Rs. 9,441,407 including interest and maintenance. However, the property value is expected to appreciate to Rs. 23,304,786 upon sale, resulting in net savings of Rs. 13,863,378 from buying compared to Rs. 11,739,736 if the down payment and rental savings were invested instead.
This document compares the costs and returns of renting vs buying a property over a 20 year period. Renting would cost a total of Rs. 6,589,723 in rent payments over the period. Buying the Rs. 5,000,000 property would involve a down payment of Rs. 1,000,000 and total costs of Rs. 9,441,407 including interest and maintenance. However, the property value is expected to appreciate to Rs. 23,304,786 upon sale, resulting in net savings of Rs. 13,863,378 from buying compared to Rs. 11,739,736 if the down payment and rental savings were invested instead.
This document compares the costs and returns of renting vs buying a property over a 20 year period. Renting would cost a total of Rs. 6,589,723 in rent payments over the period. Buying the Rs. 5,000,000 property would involve a down payment of Rs. 1,000,000 and total costs of Rs. 9,441,407 including interest and maintenance. However, the property value is expected to appreciate to Rs. 23,304,786 upon sale, resulting in net savings of Rs. 13,863,378 from buying compared to Rs. 11,739,736 if the down payment and rental savings were invested instead.
This document compares the costs and returns of renting vs buying a property over a 20 year period. Renting would cost a total of Rs. 6,589,723 in rent payments over the period. Buying the Rs. 5,000,000 property would involve a down payment of Rs. 1,000,000 and total costs of Rs. 9,441,407 including interest and maintenance. However, the property value is expected to appreciate to Rs. 23,304,786 upon sale, resulting in net savings of Rs. 13,863,378 from buying compared to Rs. 11,739,736 if the down payment and rental savings were invested instead.
