Should you rent or buy a property?
It doesn’t matter why you are moving home, you’re sure to find yourself wondering whether it’s best to rent or buy a property.
There are pros and cons to both, which is why it can be a difficult to decision. Whether you’re moving to a brand new city or you’re simply moving a mile away, renting is often seen as an easier option. After all, you only have to stay for the length of your contract and there’s no need to worry about the added responsibilities that come with owning a home. However, that’s not to say that renting a property is best. In fact, a lot of people would argue that owning a home is preferable if it’s something that you are financially able to do.
The Benefits of Buying a Property
It Gives You Freedom to Make Modifications
Whether you’re looking to convert an attic into an additional bedroom or you would like to revamp the bathroom, owning your own property gives you the freedom to do so. Simply, as long as you are able to get planning permission, you can modify your home in any what that you like. When you rent, you won’t be able to make any big changes.
There’s a Sense of Stability and Security
There’s not a lot of security when you rent a home, as a landlord can choose to stop renting their property at any time. However, when you own the property this isn’t a problem. You can move in, knowing that you have a stable place to live for the foreseeable future.
Owning a Property Can Be Cheaper
Though there’s the small matter of deposits and down payments to think about, owning a property can be a lot cheaper. Most people will find that their mortgage payments work out to be a lot less than paying rent each and every month.
You Can Decorate to Your Personal Taste
Very few landlords will let you decorate a property if you’re renting it, which can mean that you are stuck with wallpaper that you hate. When you own the property, you can decorate every room in a way that you love.
As you can see, there are a number of fantastic benefits that come with buying a property. Though renting is often easier on a short term basis, buying a property has a number of long term advantages.
We specialise in both the sale and letting of residential property and believe in offering our customers a high-quality service that delivers results. Above all, we promise to look after your property in exactly the manner that we would expect back. Our aspiration is to be the best letting and estate agents in our area – and more importantly, we believe we are.
We think you deserve an agent with 30+ years of local knowledge and experience. You deserve an agent that can help ease the process. Believe us when we say you can trust Neil King.
With so much local knowledge we are experts at giving you the best option for pricing based on your time and have been advising on property since 1984. Nobody wants an agent who simply just talk's the talk, you need an agent who is going to guide you through the process. An agent who you can trust.
Whether you are looking to sell, buy, let or rent, Neil King Residential will guide you through the process.