As we move deeper into 2026, many people are asking the same big financial question: Should I keep renting, or is now finally the right time to buy a home? The answer is not one-size-fits-all — it depends on your finances, plans, and local housing market. Here is a current and practical breakdown to help you make an informed decision.
Rent if:
- You might move for a job to a different location. In this case, you should opt for the rental option, which will provide you with the flexibility to relocate for work or lifestyle changes.
- If you do not want to put a large amount of money up front, renting is a good option for you, as to rent a property, you just need to pay the first month’s rent and a security deposit
- Renting a property gives you the option to spend your time and money on your hobbies, travel, or wellness rather than home maintenance
- No property taxes, major maintenance bills, or homeowner insurance.
Cons of Renting:
- No equity buildup
- You will not have any tax deductions related to ownership
- There is always potential for a rent increase over time
Buy if:
- If you have a plan to stay in the same city for more the 5-7 or more years, then you should go for buying a property, this will help you build equity and assets.
- If you prefer the emotional comfort, control, and benefits of owning a property despite the potential property tax, insurance hikes, then buying a property is a good option for you.
- If you have a stable job and secure income, and you can comfortably pay loan EMIs, then buying a property is good for you.
Cons of Buying Property
- Higher mortgage rates than in the recent low-rate past.
- You need a good amount of cash for upfront costs like down payment, closing fees, etc.
- You have to bear maintenance and repair costs from time to time
Final Word: What Makes Sense Right Now?
If you plan to stay, put long-term (5–7+ years):
Buying in 2026 still often makes more financial sense — but only if you can comfortably afford the upfront and ongoing costs.
If you want flexibility or might move soon:
Renting remains a strong choice, especially with moderated rent growth and high borrowing costs.
Don’t decide solely on emotions:
Crunch your own numbers — including projected rent increases, mortgage rates, and local price trends — before committing.
Home Portal 13 is a leading real estate agency based in Mohali, serving Chandigarh, Kharar, and the wider Tricity area. With over 15+ years of experience in the property market, we specialize in helping clients buy, sell, invest, and manage residential and commercial properties with clarity, confidence, and convenience.