If you’ve been asking yourself lately, “Should I rent or buy a house?” we may have an answer for you, one that states pretty strongly that owning is almost always better than renting.
Lookl, a home is a place where you can get a sense of peace and security. The idea of renting one can still be seen as an investment in your future, but it is not always the best choice.
Renting a house may not be the best choice for many reasons. One of them is that you are at the mercy of your landlord when it comes to making changes to the property, and they have no obligation to fix anything that needs fixing.
This will cause you frustration when you need something fixed in your home, and there is no one to do it for you.
Many people who are renting a house do not realize that they are paying more than the owners of the property. They might be paying for repairs, insurance, and other costs of owning a house without having any say in how it is managed.
Here are some more specifics about why we think owning your own home is much better than renting.
Renting Comes with Landlords
The landlords are not required to do anything for their tenants. They don’t have to provide a livable house, or even a safe one. They just need to make sure that their property is structurally sound and doesn’t violate any fire codes.
They don’t need to provide any utilities like heat, water, electricity, or internet access. And they certainly don’t need to do any repairs for the property because they’re not legally required to maintain it in any way.
The tenants can be evicted at the landlord’s discretion with no notice and no reason given so long as the landlord has followed all of the state’s formalities for eviction.
Owning Gives You That Freedom
Compare that to the freedom of owning your own house.
There are many reasons why owning a house is better than renting. One of the main reasons is because you have more security, freedom, and stability. When you rent, you never know if they’re going to raise your rent or not. It’s also hard to save money from your paycheck when you’re living in an apartment because it’s all going towards rent.
Another reason why owning a house is better than renting is that you can make changes to the house how you want. You don’t have to worry about asking for permission from the landlord when there are repairs that need to be done because it’s your home and not theirs.
Finally, owning a house means that you can invest in something that will grow over time and provide more income for yourself in the future, which isn’t possible with renting an apartment or house.
The point is this: a house may cost you more up front to buy, but the investment will be one you can truly savor and appreciate over time as opposed to a rented property.