New Delhi, July 4 -- Who doesn't dream of buying a house? Owning a home can have several benefits, apart from the obvious one. However, paying an enormous price for your dream home can turn out to be a liability, especially with a home loan.

Whether to rent or buy is a big decision for most. What's best for you depends on your financial situation, life goals, and local housing market. Ask yourself these questions to make a better decision:

It is vital to weigh the pros and cons of early home ownership vs renting listed below, especially if you're an urban professional in your 20s or 30s.

If you're uncertain about buying property right now, you don't have to choose between the two extremes. A smart middle path could be to rent a modest ...