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Buying or Renting One important aspect in our live is that we need shelter A place to call home What type of person are we Do we move around a lot Are we looking for stability Do we buy a house or do we rent This is where a person often decides based on their personal needs Renting or Buying is simply weighing out the pros and cons and comparing them to your lifestyle then deciding Buying a house requires a lot focus of and attention Buying a house means you plan to settle down and stay in one place for a while so you want to pick the most suitable home for yourself One good thing is that you are the owner There is no landlord to bother you Also you are free to make any changes to the house at anytime You dont have to worry about being too loud so you dont bother your neighbors Also usually the value of your house increases with time Sometimes no work is required on your part Buildings or malls are put up and your value increases Buying also means that if something breaks or is damaged you have to pay out of your own pocket to fix it Also you have to keep your home up to the standards in your community Renting requires a lot less effort due to the fact you wont be there for a long period You do have a landlord but the landlord is usually responsible for all repairs Also a good thing is that you have the choice to move when you want You dont have to worry about a thirty-year mortgage that you will have to pay When renting you usually can not have pets Also you are subject to the landlord increasing the rent when they like As soon as your contract is up they can up the rates and there is nothing you
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