Reasons Why Renting an Apartment Is Better Than Owning One Everyone dreams to have a house of their own. You have the freedom to do anything, paint the walls, get carpentry work done and what not, provided it’s ‘your’ house. However with the increasing prices and the standard of living spiraling to new heights, it can indeed be difficult to buy a house of your own. Renting a flat may not be your idea of living with your family, but we give you a few reasons why renting a house is better than owning one. 1. You have your options open: - When you are living in a rented flat, you have the liberty to search for your own dream home, while still happily living in your leased apartment. As per the trading rules, if the price of real estate starts getting lower at some point of time, you can hit the nail on the head right then.
2. You do not have to worry about the maintenance charges: - Whether there is leakage or the water supply is cut, all these problems will be sorted out by the homeowner instead of you.
3. Your rental’s insurance cost is less: – An owner’s insurance charges are more than rentals’ one, so your money is saved.
4. You can deal with your everyday costs in a better way: - This is because, you already know that you have to pay a specified amount for your rentals. This will help you monitor your everyday expenditure and eventually you may end up paying less and earning more.
5. The down payment is manageable: – Though the down payment may be huge for certain areas, the overall cost will be less than what you would be shelling out while buying your own house.
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You get to enjoy better facilities: – While renting a house you can get additional facilities like two washrooms, an extra dining space and so on. These things would be impossible to get if you don’t have the bucks for buying a house with the same facilities.
Owing a house when the real estate prices are skyrocketing is a difficult thing. But if you are presently staying in a rental apartment you can target your dream house till the time your lease gets over. Proper planning can get you the right house at the right time.
Don’t worry if you’re a renter, just aim for the stars and you’ll get it someday.
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