I think if you have a corpus collected than it is always good to buy your first home. Buying your first home is like everyone's dream. People, tend to dream about their home and have a lot of things to do and flaunt about when they buy their first home. Believe me its kinda different feeling when you have your own home may it be big or small but at the end of the day its your own home and you can do whatever you want with it. Like you can decorate it or have interiors as per your choice but whereas in a rented home or an apartment you will not want to shed out those extra dollars or money in renovating the house as per your taste. Also, having your own first home is like a big achievement in life at-least it was for me. I, was very happy to buy my first home and it felt like a great achievement. Here, I would also like to list down some quick benefits of buying you first home.
Benefits of buying your first Home:-
1. Take advantage of the tax rebate given by income tax department of the country
2. Home loans at subsidized interest rates, so you do not feel the pinch while paying your EMIs
3. You have something to flaunt about and a very good feeling that you are the owner of a property
4. Land is limited so there are chances you could make good amount of money from your home if the prices in future shoots up.
5. I, could just go on and on but so as to conclude Your First Home attaches a lot of memories to it that you will cherish all your life. So, in-order to gain all the advantages listed above and have the memorable feeling, I would recommend for buying your First Home wrt. to renting out again and again. Go for it and buy your first Home.