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Advantages Of Renting

In the UK at least, there is an obsession to own properties. This is not an obsession repeated across the continent and beyond. It is Ok to rent, though naturally there are advantages and disadvantages to doing so. We decided to focus on the positive for this article, and examine the advantages of renting.

Advantages Of Renting – Try Before You Buy

Living in a place is the best way to get to know it. If you’re new to town, renting allows you to explore all of the city’s nooks and crannies so you can be certain of where you want to reside in the long run.

Perhaps you want to be within 10 metres of a decent flat white, a stone’s throw from your favourite bar, or a child’s scooter ride from the school you want them to attend. Whatever your top priority is, you’ve narrowed down your search area when it comes to purchasing.

Advantages Of Renting – Flexibility

In a big city, you could move every couple of years for a decade or two and still not exhaust all of its potential.

To be honest, the thought of packing up all your belongings on a regular basis could make you break out in a cold sweat, especially if it means deconstructing and reassembling sophisticated flat pack furniture. The opportunity to regularly decamp to a different place, meet new people, and experience diverse cultures is the stuff of life for those with restless feet.

If you have a strong desire to see the world, renting provides you the freedom to take a year off and travel the world.

Lower Costs

What’s the deal with boilers? Why do they always break down when you need them the most? They blow the instant a Siberian wind blows in and you have the flu.

Fortunately, if you’re renting, you won’t have to worry about the cost of repairs or the trouble of dealing with them on your to-do list. That is your landlord’s responsibility. The same can be said about malfunctioning white goods, mysterious leaks, and all the other annoyances that come with owning a home.

Advantages Of Renting – Remove The Stress

You may have the dream of owning your own home – but imagine how much you could reduce stress by not doing so? Especially considering how property prices have rocketed in the UK in recent decades, many people stretch themselves to the limit financially to get their own home. Is it really worth living on the edge just so you have ownership? Most of the rest of the world does not have a similar obsession with ownership. And then you need extra money aside for when something needs repairing or decorating. Renting is a much safer option for those on a tight budget. And it allows you to live in areas you could not afford to buy in.

 

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