Everyone of us has been dreaming of his own house. Sometimes our dreams come true, but some people believe that living in a rented apartment is better than owning a house. I think that the advantages of your personal house are much bigger than of a rented apartment and even financially it will be better if there were not so many extra fees and other payments that are coming to you with every passing year.
The unquestionable advantage is that you are not paying money to the unknown person and they will never be back (in the form of a flat or a house). Still many people do not agree with this statement and say that “throwing money away” is too rough and does not correspond to the whole situation and extra expenses do not bring much pleasure: People explain that paying rent is throwing money away. Of course, they don’t mean that literally. You’re getting something for that money (a place to live). But with a mortgage you’re building equity, right? Doesn’t that fundamentally make more sense than renting? No. “Building equity” just means turning some of your money into a house. That’s one of many ways you could invest your money.”
Unfortunately the majority of young people held this position finding out that renting is much easier than buying a house.
But when you are the owner you do not depend on any circumstances as you are depending living in apartment.
Being an owner you may choose what kind of house do you what, what color of walls, which furniture and so on, living on the rented apartment you have to choose from the variants you are suggested and sometimes circumstances turn in such a way that you need just to live somewhere and there is no question about choosing you get just what is suggested. Sometimes the owners of the flat put you behind the fact that you ought to leave the apartment earlier than the contract is finished, because of… it can be everything, the reasons are numerous, the fact is that in your own house you will never meet to such a problem as you are dependent only from your own circumstances but not from the other’s people.
Another advantage is connected with pets. If you have a cat or a dog it will be more difficult to find apartment where the owners would not be against your pet. In your personal house you can become also the owner of even crocodile or some other exotic pets.
|Tax write-off||No tax write-off|
|You can upgrade your home as you see fit||Need permission to make any changes|
|Build equity in your home as value appreciates||Your money goes toward the landlords equity|
|Control of loan payment options||Rent can increase periodically|
|Pride of homeownership||You have no ownership|
I think that it is one of the most reasonable things that you feel safe and protected in your house. My home is my castle.
I think there are many different opinions and options when it comes to decide of weather renting an apartment are better than buying a home. Many People would say it has a lot to do with a person circumstances that surround their everyday life on whether they should rent or buy. I think that buying a home is not something you exactly will jump right away without having a foundation build first and foremost. If you really step back and look at the big picture of buying a home versus renting, in my personal opinion, the pros outweigh the cons. When people own their own home there are things that they won’t have to worry about half the things they should when renting an apartment. A good example for that is when they have noisy neighbors who do not realize loud noises with late night parties can affect the person below, ( I said this because of me and when I used to live in an apartment complex) but also the person beside, or above them. Having problems with neighbors it is something the usually only get worse over the time passed by. Another thing about having problems with the neighbors is the parking problems and people who used to live or live in apartments complex can say that this a big problem when it comes to find a parking spot that is good for your convenience. Besides that neighbors are not always friendly and can be hard to deal with them and an easy way to avoid this problem is by pursuing the idea of investing in a home of your own. Whatever you rent or buy, you will always come across problems that occur within the place you can call home. For examples leaking pipes, bug problems, sewage and plumbing problems, all these happens to all of us and sometimes without being complete moving inn. When you are renting an apartment and these problems happen you have to make a call and wait for when the next available maintenance man can make it to your apartment (sometimes will take most than a day of waiting for them to come) to take care of the problem. In another hand when you own your house you do not have to worry about having a horrible leak for ways without getting the problem resolved. In another hand you will have the option to get the problem taken care of sooner rather than later, that will make the difference in in your opinion when unexpected maintenance problems arise. The best option when you are deciding in renting an apartment or buying a house, it is a