The Main Advantages And Disadvantages Of Renting A Home

At some point almost everyone gets to pass through the stage when you rent a home as opposed to own one. Renting seems like the best choice at first but it’s just a temporary solution. Still, it’s an important part of one’s life. But renting comes with both advantages and disadvantages. In the following paragraphs we’re going to explore some of the main pros and cons.

The deposit and monthly rent.

View in gallery

When you first move into a rented space you have to pay a deposit, security and possibly the rent for a few months in advance. This is the most financially stressful part. After that you just have to make sure you pay your monthly rent.

It’s difficult to appreciate the value.

View in gallery

When you’re renting a place you don’t have any financial commitment and also you don’t see that space like your home. You only see it as a temporary arrangement and as a space where someone else will soon come to live. That makes it difficult to appreciate the value of a rented home. You don’t get to invest in anything and you have to be happy with what you have.

The landlord’s responsibilities.

View in gallery

One of the things that make renting a home appealing is the fact that maintaining the appliances and dealing with repairs and everything else is the responsibility of the landlord. So if anything gets broken you just have to call the landlord to fix the problem.

You can’t always trust the landlords.

View in gallery

It’s great to know that someone else is responsible for anything that gets damaged or broken in your home but this doesn’t mean that this person will come to fix the problem right away. There are plenty of bag landlords out there and you can’t always trust them.

Restrictions.

View in gallery

An element that prevents most people from seeing their rented spaces as a home is the fact that there are usually many restrictions. This means that you can’t always personalize that space the way you want to, you can’t renovate, redecorate or change the layout like you could do if you were to be the owner. Some landlords will allow you to repaint the walls and even to decorate the walls but there are cases where you won’t be allowed to do any of that due to possible holes in the walls or because they don’t want the color changed. This is one of the things that makes owning a home seem so much better.

Picture sources: 1, 2, 3, 4 and 5.