Is Renting the Best Choice for You?

Depending on your circumstances, buying a property might not always be practical or the right choice, and renting may be a much better option for you.  There are lots of great benefits to renting a property and, with help from the experts at Rightmove, we’ve pulled together a list of some of the best things about being a tenant!

  1. No maintenance costs, repair bills or upgrading fees

If you’re renting a property, your landlord is usually responsible for all maintenance and repair costs, meaning that it’s not your duty to get things fixed.  Updates to kitchens, bathrooms and even décor are not your responsibility either, meaning more money in your pocket while your home still stays up-to-date!

  1. No big deposit, lower insurance and a fixed monthly cost

The big initial deposit you need to save to buy a house isn’t required for renting, and rental costs are fixed for the duration of your contract, so it’s easy to budget your monthly outgoings.  Plus, renter’s insurance is significantly cheaper than the insurance home owners have to pay.

  1. More flexibility

If you only take a short term lease, you free yourself up to move areas or properties if something changes in your life, whereas when you’ve bought a property, you are tied to the area until you sell again.

  1. Invest money on your own terms

Choosing not to buy a home – at least for the moment – opens up other possibilities for saving and investing so you can choose exactly where your hard-earned money is going.

  1. Live somewhere you can’t afford!

Seaside resorts and trendy city centres may be impossible for you to buy your dream property in, but you can probably rent it!  Popular areas tend to be very renter friendly, so dream big and see what you could afford.

We’re sure our list won’t have influenced you one way or the other with whether you are going to buy or rent your next property!  But if you are looking for a new home to let (or buy!) get in touch with Benson Estate Agents East Kilbride today.

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