subject: The Truth Uncovered: Advantages Of Renting Over Buying [print this page] In today's market, buying a house for many families seems near impossible. Although Australians manager to pay their way through hard times, and although it is the 'Australian dream' to have children running around a white picket fence, renting has many advantages! It may seem that paying rent is equivalent to throwing money down the drain ... but you know what? When a pipe bursts, all you have to do is make a simple call to your landlord. Do it yourself and House work? What's that?
So, to rally on the rentals, here are our top ten reasons to rent instead of own:
Fancier Living: You may not ever be able to afford to own it, but with renting, you can enjoy that luxury condo overlooking the ocean.
Perks!: A lot of apartments come with community pools and gyms. My favorite thing about the apartment complex that I lived in during college was the massive swimming pool they had. My roommates and I would spend hours in the summer working on our tans, flirting with the cute neighbors, and sipping on margaritas juice. And think of all the money you'd save on gym memberships.
Water/Heat Included: Many times you will find apartments come with water and heat included in your lease, do you know what that equals? That's right, less bills that you have to keep up with. And the world is simply better with fewer bills to pay.
No Need for Weeding: I've never mowed a lawn. Ever. I've never felt the hot summer sun on my back as I pushed a heavy lawn mower across a yard, drowning in my own disgusting sweat. Perks of renting!
When the Move Bug Bites While renting, the worst case scenario is waiting a year to move. Bad landlord? Peace out. Annoying neighbor? Buh-bye! With a home it's a much stickier process.
No Maintenance Background Needed: As I mentioned before, whenever a pipe bursts or any other maintenance issue comes up, I just place a simple whiny call to my landlord and he comes and fixes it while I awkwardly sit on my couch.
Momentarily Cheaper: There's a lot of us financially struggling thanks to this economy, and while it may be "money down the drain," I'm not spending nearly as much as I would be on a monthly mortgage.
Home Prices Fluctuate: Is it a buyers' market or sellers' market right now? I have no idea, because I don't have to know ... I rent!
No Risks: If you do try to sell your home during a bad economic time, you're at risk for losing money. But with renting, you (hopefully) get a nice deposit check back.
Property Taxes and Insurance: No taxes for renting, and renters' insurance is way cheaper than home owners' insurance.
by: Daniel Grixti
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