When it comes to real estate, decisions like these can be a little tricky sometimes, and however both of these options have a list of pros and cons, it is actually entirely up to you to decide what suits you best. This blog article will shine a light on the pros and cons of both of these options and help you finalise on your decision to either buy a property or rent it.
Before we get into the pros and cons of these options, let’s take a minute to understand what are we looking at with these options. Buying a property is a long term investment that offers you benefits that may last you for years and helps you settle down in a place or locality of your choice; it is a commitment for years that you choose to make. Renting a property has its own charms as well, with the ability and options to temporarily own a house, as and when you please helps you to live a nomadic lifestyle, and travel and explore more locations whenever you want. Investing in an Apartment / Flat: residential space or investing in an office and retail space: commercial property, which is more beneficial for a buyer?
Now let’s get into the pros and cons of both of these real estate transaction options starting with
Buying a property
Pros of buying a property | Cons of buying a property |
1. Home for life: buying property enables you to permanently stay in a locality of your choice and enjoy the benefits it has to offer you. | 1. Relocation issue: once you buy a property in one place you don’t have an option to relocate unless you rent a different property or buy a new one. |
2. A great investment: buying a property makes it a great investment option as it enables you to create an asset for yourself that is not perishable and will last for a lifetime. | 2. Property value: buying a property is a great addition to your assets, but there is no guarantee that your asset will yield profits. With an amount of uncertainty lurking, you never know when the value of your property might increase or decrease. |
3. Options of home loans: nowadays there are numerous home loan options available that you can apply for to support you in your investment choices. | 3. % of interest on loans: taking out a loan is a great option until you have to pay a % of interest rate on the loan you take over the course of several years and it can be a pain point sometimes if you aren’t able to pay off your loan on time. |
4. Liquidating option: there is always an option of liquidating your property whenever needed, and getting a certain amount of money for encashing your asset. | 4. Property values fluctuate: although there is an option for you to liquidate your asset and sell off your property whenever you want, it may not always yield a profit for you as the market value of a property has scope for dips and peaks. |
5. Rental income: With the option of owning your property, you have the option of renting your property out for supplemental income. This way you get more out of your investment without putting much into it. | 5. Wear and tear: renting out a property makes it prone to wear and tear over the years, especially when you can’t keep a constant check on how your tenants are maintaining your property. |
6. Access to locality facilities: buying a property in a good locality will ensure that you get the most out of your purchase and enjoy the amenities in your locality such as good marketplaces, nearby transport facilities, good schools and other things. |
Renting a property
Pros of renting a property | Cons of renting a property |
1. Easy move: renting a property allows you to move or change your locality whenever you want without any ties to your rented place. | 1. Continuous increase in rent: although it is easy to move, everytime that you shift, you sign a lease with your landlord that has a provision to increase rent (in most lease agreements) after every year or two |
2. Easy scouting: you can easily scout for rental places and find numerous options with respect to your budget and any other requirements you have. | 2. No creation of assets: a big con of renting a property is that you have a liability to pay rent regularly but there is no creation of assets, so ultimately, you are paying a hefty amount but not creating something for yourself. |
3. No maintenance issue: with rental properties you don’t have to worry about the maintenance issues as landlords generally take care of it, and otherwise there isn’t much upkeep work to do in the first place. | 3. No interior change option: with rental spaces, there is not much you can tamper with, this means that you cannot customize your house according to how you want until and unless you spend money on things that you can take away with you. |
4. Choose where you want to live: the greatest pro of renting a property is that you can choose where you want to stay and what locality suits you better, along with that, you can choose your neighbourhoods according to what your needs are. | 4. Shared facilities: unless you rent an independent house, you have to share the facilities available to you with other tenants in your building. This means that you have to share your parking spaces and rooftop access and other such facilities amongst many other things. |
Real estate is a huge market where you can find several different properties like co-working spaces or guest houses and even your villas and builder floors. Deciding what you should buy is a decision that you need to think through before finalizing on it.
Now that you are aware of the pros and cons that each of these buying options have, it should certainly help you clear your mind and make a decision on what you should go for, and what option is the right option for you.
Hi,
First of all thanks a lot. I was seeking a guide like this and finally got it and was very happy to see the detailed explanation. I am sure people like me who are confused about buying or renting, this article will be super helpful for them.
Keep doing great work.
555
555
555
555
1*555
555*886*881*0
0’XOR(if(now()=sysdate(),sleep(15),0))XOR’Z
-5 OR 102=(SELECT 102 FROM PG_SLEEP(15))–
1%2527%2522
Really nice blog and very helpful to me
Thank you for sharing this great post.
The next time I read a blog, I hope that it doesnt disappoint me as much as this one. I mean, I know it was my choice to read, but I actually thought youd have something interesting to say. All I hear is a bunch of whining about something that you could fix if you werent too busy looking for attention.
The subsequent time I read a weblog, I hope that it doesnt disappoint me as much as this one. I imply, I do know it was my choice to learn, but I actually thought youd have one thing fascinating to say. All I hear is a bunch of whining about one thing that you possibly can repair in case you werent too busy on the lookout for attention.
I like the helpful information you provide for your articles. I will bookmark your weblog and take a look at again right here regularly. I’m moderately sure I’ll be told lots of new stuff proper here! Good luck for the following!
I simply wanted to write a simple word so as to thank you for all of the unique tricks you are placing on this website. My time consuming internet lookup has at the end been honored with reasonable facts and strategies to talk about with my great friends. I ‘d claim that many of us website visitors are undoubtedly endowed to dwell in a notable site with many brilliant professionals with very beneficial things. I feel very much happy to have seen your entire web pages and look forward to plenty of more excellent times reading here. Thanks once again for everything.
I’m not sure where you’re getting your info, but great topic. I needs to spend some time learning much more or understanding more. Thanks for excellent information I was looking for this info for my mission.
I gotta bookmark this website it seems extremely helpful very helpful
Thanx for the effort, keep up the good work Great work, I am going to start a small Blog Engine course work using your site I hope you enjoy blogging with the popular BlogEngine.net.Thethoughts you express are really awesome. Hope you will right some more posts.
I really like your writing style, excellent info , thanks for putting up : D.
I really appreciate this post. I’ve been looking all over for this! Thank goodness I found it on Bing. You’ve made my day! Thx again
Hi, i think that i saw you visited my weblog so i came to “return the favor”.I’m trying to find things to improve my website!I suppose its ok to use some of your ideas!!
Just about all of whatever you point out is supprisingly legitimate and that makes me ponder why I had not looked at this in this light before. This particular article really did turn the light on for me personally as far as this specific subject matter goes. Nonetheless at this time there is 1 position I am not too cozy with and while I try to reconcile that with the main idea of your issue, permit me see what all the rest of the readers have to point out.Very well done.
Thanks for your marvelous posting! I truly enjoyed reading it, you might be a great author.I will ensure that I bookmark your blog and will come back in the future. I want to encourage one to continue your great work, have a nice weekend!
It’s in point of fact a nice and useful piece of info. I am happy that you simply shared this useful info with us. Please keep us informed like this. Thank you for sharing.
Very good article.Thanks Again. Will read on…
Hello, i feel that i saw you visited my weblog so i got here to “go back the prefer”.I am trying to to find things to enhance my site!I guess its good enough to make use of some of your ideas!!
I’m not that much of a online reader to be honest but your sites really nice, keep it up! I’ll go ahead and bookmark your website to come back down the road. All the best
You made some good points there. I did a search on the topic and found most individuals will consent with your site.
Glad to be one of the visitors on this awesome web site : D.
It’s a pity you don’t have a donate button! I’d most certainly donate to this fantastic blog! I suppose for now i’ll settle for bookmarking and adding your RSS feed to my Google account. I look forward to fresh updates and will share this site with my Facebook group. Chat soon!
I¦ve been exploring for a little for any high quality articles or weblog posts on this sort of area . Exploring in Yahoo I at last stumbled upon this website. Studying this info So i am happy to express that I’ve a very good uncanny feeling I came upon just what I needed. I so much for sure will make sure to do not overlook this site and give it a look regularly.
I’ve been browsing online more than three hours lately, but I never found any fascinating article like yours. It?¦s pretty worth enough for me. In my opinion, if all site owners and bloggers made just right content as you did, the net might be a lot more helpful than ever before.
It is truly a nice and helpful piece of info. I am happy that you shared this helpful information with us. Please keep us informed like this. Thanks for sharing.
I have not checked in here for a while because I thought it was getting boring, but the last few posts are great quality so I guess I will add you back to my everyday bloglist. You deserve it my friend 🙂
Thank you, I have recently been looking for info about this topic for a long time and yours is the best I’ve discovered so far. But, what concerning the conclusion? Are you positive concerning the supply?
An interesting discussion is worth comment. I think that you should write more on this topic, it might not be a taboo subject but generally people are not enough to speak on such topics. To the next. Cheers
Very interesting info !Perfect just what I was searching for!
I have not checked in here for a while as I thought it was getting boring, but the last several posts are great quality so I guess I¦ll add you back to my daily bloglist. You deserve it my friend 🙂
Keep working ,splendid job!
In this great pattern of things you receive a B- for effort. Where exactly you confused me personally ended up being in the specifics. You know, it is said, details make or break the argument.. And it could not be much more true in this article. Having said that, let me say to you what exactly did work. The authoring is highly persuasive and this is probably the reason why I am making the effort in order to comment. I do not make it a regular habit of doing that. Next, despite the fact that I can easily notice the jumps in reason you come up with, I am not really convinced of just how you seem to unite your ideas that help to make the actual conclusion. For right now I shall yield to your point however trust in the foreseeable future you actually connect the dots better.
Very nice style and design and wonderful subject matter, nothing at all else we want : D.
Thank you, I’ve recently been looking for info about this topic for a long time and yours is the greatest I’ve discovered so far. However, what concerning the bottom line? Are you certain concerning the source?
You are my inhalation, I have few blogs and occasionally run out from to brand.
Its like you read my mind! You seem to know a lot about this, like you wrote the book in it or something. I think that you can do with some pics to drive the message home a bit, but other than that, this is excellent blog. A great read. I’ll definitely be back.
Great post. I am facing a couple of these problems.
I used to be recommended this website via my cousin. I am not certain whether or not this post
is written by way of him as nobody else understand such specific about my problem.
You’re wonderful! Thanks!
Dementsprechend sollte dieser spekulative Anteil deines Portfolios auch an deine persönliche Risikotragfähigkeit angepasst sein.
Excellent post however , I was wondering if you could write a litte
more on this topic? I’d be very thankful if you could elaborate a little bit more.
Bless you!
Review my web-site :: Verified GSA list
I like to tick that and this variant applies to all of these setups
right here.
Here is my website; Quinton
Modify project, relabel, I do not understand, money site
campaign for example.
Here is my blog – Hudson
Great article! This is the type of information that are meant
to be shared around the internet. Disgrace on the search engines for not positioning this publish higher!
Come on over and visit my website . Thanks =)
Wonderful blog! I found it while browsing on Yahoo News.
Do you have any tips on how to get listed in Yahoo News?
I’ve been trying for a while but I never seem to get there!
Many thanks
Marvelous, what a weblog it is! This web site presents helpful facts to
us, keep it up.
I all the time used to read piece of writing in news papers but now as
I am a user of internet so from now I am using net for articles or reviews, thanks to web.
You should take part in a contest for one of the highest quality
sites online. I’m going to recommend this blog!
Really enjoyed this update, can I set it up so I get an alert email when you make a fresh article?
Wow, awesome blog layout! How long have you ever been blogging for?
you made running a blog glance easy. The whole
glance of your web site is wonderful, let alone
the content!
When some one searches for his required thing, thus he/she wishes to
be available that in detail, so that thing is maintained over here.
Hey There. I found your blog using msn. This is a really
well written article. I will make sure to bookmark
it and come back to read more of your useful info.
Thanks for the post. I’ll definitely return.
It’s not my first time to go to see this site, i am browsing this web site dailly and get nice data from here daily.
May I simply say what a relief to find a person that actually knows what they’re talking about on the web.
You actually know how to bring a problem to light and make it important.
More and more people have to look at this and understand this side of your story.
It’s surprising you are not more popular given that you surely possess
the gift.
Throughout this awesome pattern of things you receive an A+ with regard to effort and hard work. Where you actually confused everybody was first in all the particulars. You know, they say, details make or break the argument.. And it could not be more correct right here. Having said that, permit me reveal to you precisely what did do the job. Your article (parts of it) is definitely pretty powerful which is most likely the reason why I am taking an effort to comment. I do not really make it a regular habit of doing that. Next, even though I can notice a jumps in reason you make, I am definitely not sure of how you appear to unite the details that help to make your conclusion. For the moment I shall subscribe to your issue but hope in the future you link the dots much better.
I do not even know the way I ended up right here, but I assumed this submit was once good. I don’t recognize who you are however certainly you are going to a well-known blogger should you aren’t already 😉 Cheers!
Thanks in favor of sharing such a nice thinking, paragraph is nice, thats why i have read it entirely
Fascinating blog! Is your theme custom made or did you download
it from somewhere? A design like yours with a few simple tweeks would really make my blog jump out.
Please let me know where you got your design. Thank you
GSA Indexer is the best automated search engine indexing tool in the world today.
Here is my blog post: https://www.irbiscontrol.com/product/mastercan-display-35/
This backlink generator device has an one-time price tag of $ 99 (without adding tax).
my website … https://www.eduatm.com/whats-new-in-the-world-of-graphic-design-and-how-to-use-it-for-business/
Hello! I’ve been following your blog for a long time now and finally got the courage to go ahead and give you a shout out from New Caney Texas!
Just wanted to tell you keep up the good work!
I know this web page offers quality depending content and other stuff, is
there any other web page which gives these kinds of things in quality?
I was curious if you ever considered changing the page layout of your website?
Its very well written; I love what youve got to say. But maybe you could a little more
in the way of content so people could connect with it
better. Youve got an awful lot of text for only having 1 or two images.
Maybe you could space it out better?
I was recommended this website by my cousin. I’m
not sure whether this post is written by him as nobody else know
such detailed about my trouble. You are wonderful! Thanks!
Interesting blog! Is your theme custom made or did you download it from somewhere?
A design like yours with a few simple tweeks would really make my blog shine.
Please let me know where you got your theme. Kudos
Right now it seems like Movable Type is the top blogging platform out there right now.
(from what I’ve read) Is that what you’re using on your blog?
Have you ever considered about adding a little bit more than just
your articles? I mean, what you say is valuable and
everything. But imagine if you added some great pictures or video clips to give your posts more, “pop”!
Your content is excellent but with images and videos, this blog could undeniably be one of the most beneficial in its field.
Great blog!
I know this site offers quality based content and additional information,
is there any other website which gives these kinds of stuff in quality?
Hmm it looks like your website ate my first comment (it was super long) so I guess
I’ll just sum it up what I submitted and say, I’m thoroughly enjoying your blog.
I as well am an aspiring blog blogger but I’m still new to everything.
Do you have any tips and hints for inexperienced blog writers?
I’d really appreciate it.
Have all services fill captchas if you established captcha fixing solutions.
Visit my blog; https://www.reddit.com/r/SEOStrategiesHub/comments/1bunt6n/mastering_gsa_ser_a_guide_to_best_practices_for/
Today, I went to the beach with my children. I found a sea shell and gave
it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She placed the
shell to her ear and screamed. There was a hermit crab inside and it pinched her ear.
She never wants to go back! LoL I know this is totally
off topic but I had to tell someone!
Lottery Defeater Software is a digital tool designed to assist individuals in improving their chances of winning in various lotteries.
My family all the time say that I am wasting my time here at net, but I know I am getting experience
daily by reading such pleasant content.
Thanks for finally talking about > Buying or renting, what should you go for?
| Insta Property < Loved it!
you’re really a excellent webmaster. The web site loading velocity
is incredible. It sort of feels that you’re doing any distinctive
trick. Also, The contents are masterpiece. you’ve done a great process in this topic!
Piece of writing writing is also a excitement, if you be familiar with after that you can write if not it is
complex to write.
Awesome post.
I love your blog.. very nice colors & theme. Did you make this website yourself or did
you hire someone to do it for you? Plz answer back as I’m looking to construct my
own blog and would like to know where u got this from.
thanks a lot
F*ckin¦ tremendous issues here. I am very glad to look your article. Thanks so much and i’m looking forward to contact you. Will you please drop me a mail?