New Delhi, Sept. 27 -- For many households, the monthly rent cheque often feels like money going out without creating long-term value. While renting can be convenient in the short run, it may prove costlier over time, especially as rents increase.

In contrast, property ownership requires a significant commitment but offers steady long-term benefits. Each instalment paid towards a home loan contributes to building equity in an asset that may appreciate over time.

Beyond the financial aspect, owning a home also provides a sense of security and stability. Homeownership is often associated with personal fulfilment, stronger community ties, and the freedom to customise one's living space.

If you're planning to move from renting to owning th...