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Buying vs. Renting a Home in Guwahati: Which is Right for You?

Discover key factors to consider, weigh the pros and cons, between buying or renting a home in Guwahati

Are you one of those people who are torn between buying vs renting a home in Guwahati? However, both options come with their own set of pros and cons. Therefore, choosing an option depends on your unique situation and future plans. While owning a home is many people’s dream, it’s not always the best fit for everyone.

Renting offers its own advantages, like flexibility and freedom from homeownership responsibilities. It can be an excellent option if you’re not ready to commit to purchasing a property. In Guwahati’s vibrant real estate market, both choices have their merits.

This blog will explore the pros and cons of buying versus renting a home in Guwahati. We’ll help you navigate this important decision, considering factors like financial situation, lifestyle, and long-term goals. Let’s dive in and find the option that’s right for you.

Factors: Renting Vs Buying a Home in Guwahati

Renting versus owning a home depends on various factors including location, property value, rental rates, and interest rates. However, renting can cost less than owning a home. Also, this depends on where homes cost a lot, or few people want to rent. 

Additionally, you have to consider your budget so, you can make it in the long run from owning a home. Recent statistics indicate that the investment of doing business per sq ft is much lower in tier 2 cities in India and tier 3 cities in India. Therefore, Tier 2 cities like Guwahati, are emerging as hubs for business, logistics and warehousing. Also, quality housing at affordable rates is available for the workforce. 

Moreover, some upcoming industrial corridors are running through many smaller cities including Guwahati and this will provide seamless connectivity. Also, improved air and road connectivity has made Guwahati accessible to new investors.

Guwahati is a Tier 2 city, the cost of living is lower, the work-life balance is better and housing remains affordable backed by improving infrastructure development. Also, this has inspired Indian real estate developers, as well as state governments, to focus on the high-potential markets in Guwahati. 

Renting a Home vs Buying a Home: Pros and Cons

The option of renting a house in Guwahati may temporarily sound good. However,  for a long-term investment, buying a house is a better option. Moreover, it guarantees a sense of financial security, sense of stability and permanence. Also, being a homeowner lets you belong to a community and enjoy a sense of love and equity. Your first home can bring immense joy fulfilling your societal esteem.

Building a Long-Term Asset

Buying a house in Guwahati allows you to build a long-term asset rather than staying on rent. Consequently, you can utilise your financial resources to invest in a property. Thus gradually building equity and value over time. A house in a growing Tier 2 city like Guwahati today will roughly appreciate 8-10% a year, subject to multiple factors of course.

Fixed Liability & Fixed Tenure 

Yes, you may have worries about EMI as the down payment may be high. However, taking into consideration inflation, and yearly increments in income, it’s a win-win situation. This is because your EMI burden will ideally level with your earning potential and after the fixed tenure, your outgoings will stop.

Tax Benefits

Buying a home allows you to avail of tax deductions on both the interest paid (up to Rs 2 lakh) under Section 24 and the principal amount (up to Rs 1.5 lakh) under Section 80C. Therefore, the deductions can significantly reduce the overall financial burden. Also, you benefit from the rate at which you borrow money from the bank.

Sense of Stability & Security

Indians feel a sense of emotional upliftment, security, and stability on buying a home. Owning a piece of property in Guwahati gives you the freedom to customize your own space, establish roots in a community, and enjoy the many emotional benefits of homeownership. However, if you live on rent, it will go on throughout your life, even after you stop earning well post-retirement. Consequently, payments might become an issue when financial health obligations in later years add to expenses.

Pradhan Mantri Awas Yojana (PMAY)

Homebuyers in Guwahati can choose to buy homes in prime localities. Also, the government’s PMAY scheme enables housing for all and provides subsidies on home loans for people in low and middle-income groups. Consequently, subsidies and low interest on loans allow the fulfilment of the dream of buying a home. Homebuyers can thus save money. 

Save on Rent

Living in a rented home does not allow to invest as a bulk amount goes into paying rent. Moreover, rent is increased by the landlord in a one or two-year period. So, due to inflation rates, your rent will increase by at least 5-8% each year. Consequently, the amount paid as rent for your current home may double every 10 years!

However, by buying a home you not only have a valuable property but also save on rent. Consequently, you have enough resources for future utilisation over time. Moreover, a fixed property like a house will let you go for a loan against your property.

Value Gets Added to Your Home

Your home will continuously add value. Also, after renovating your house, you will be making it a valuable property. Thus, your home in Guwahati becomes a valuable investment. Investing in emerging localities like Betkuchi, Dharapur, Lokhra, and Jalukbari promises upcoming infrastructure. Thus you will make a staggering profit. Moreover, property prices increase along with the inflation rate. You may also consider renting your property to AirBnB or families till you pay the loan amount.

Hassles of Regular Shifting

If you are staying in a rented house in Guwahati,  you will be at the behest of the property owner. Consequently, their decision to sell or discontinue your rental will create problems. Thus you will be shifting homes more often than desired. Therefore, you will have to make regular adjustments in new areas and communities. Your budget will also be affected by the costs of shifting.

Is Homeownership in Guwahati a Good Investment?

All things considering, buying a house can be a smart way to save money over time. Consequently, owning a home lets you grow your wealth and save more. You also benefit from the rising rates in the housing market, the location of the property, and future increases in value. However, owning a house comes with extra costs including things like taxes, insurance, and money needed for upkeep. 


We hope this blog has shed some light on the decision of buying vs renting a home in Guwahati. Remember, there’s no one-size-fits-all answer – it all depends on your unique situation and goals. Renting can be a smart choice, especially if you’re in your 20s or still building financial stability.

Guwahati’s real estate market is dynamic and exciting. If you’re leaning towards buying, consider factors like property price trends, location specifics, and financing options. Whether you choose to rent or buy, the key is making an informed decision that aligns with your long-term plans.

Still unsure? We’re here to help! Our team at Ridhi Sidhi Group can offer personalised advice and guide you through your options. Why not reach out for a friendly chat? We’d love to help you find your perfect home in Guwahati, whether it’s a rental or your very own property. Give us a call @ +91 8822797071 or schedule a visit to explore beautiful apartments that could be your next home sweet home!