If you are considering buying a house, one of the first decisions you need to make is whether buying a house instead of renting one is the right direction for you. Since owning a home is one of three basic needs of "Roti, Kapda and Makan", many people simply assume that it's always to their advantage to buy a home, and for most, it is. Due to its inherent socio-economic nature, ownership of a home goes beyond pure financial considerations. Renting a house on the other hand is acceptable for the sake of convenience and financial constraints. The following Calculator helps you financially rationalise whether to Rent or Buy a property for own use.