10 Reasons Renting Is Amazing Thereis a myth that buying is definitely better than renting. And your parents,uncles and aunties always tell you that you should buy a house at an early age,otherwise you will regret in the future for not having your own roof over yourhead. Should you listen to them? While there is no simple answer to that, we’rehere to tell you that these myths or beliefs aren’t always true.
Let’sbe honest, it’s not all rainbows and unicorns as homeowners. Buying and sellinga property can be a long and tedious process than you have expected, especiallywith more people involved in its ownership. Getting a loan for home purchase iseven harder when your financial health is less than satisfying. Therefore,renting can be a more feasible choice before getting yourself ready to become ahomeowner. Hereare the 10 good reasons to rent, which PropSocial has clustered for you to saveyou time from googling. You’re welcome.
1. No Maintenance CostsLeaked pipe? Congested toilet? Guesswhat—as a renter, you don’t have to pay for any maintenance or repair workcarried out during the tenancy. If you’re the homeowner, on theother hand, be ready to fork out cash for that weighty bill of yourreplacement.
Well, even though this is not partof tenant’s responsibility, be respectful of the property and don’t causeadditional maintenance beyond the expected wear and tear. For that yourlandlord will like you even more and your maintenance issues will beimmediately fixed. 2. Total Freedom”My wife is going to have a babynext month, but we only have one room in our apartment with our current twokids”, “I’ve got a new job that I like with a much higher salary, but it is3-hour drive from my current location”—So, what now? If you own your property,you must be having a serious headache to either sell your home or give up thegreat job opportunity. Now the good news is as a renter,you can almost decide in the spur of the moment. A renter as you are, upsizingis easy when your family grows, as all you need to do is to hunt for the nextideal location and move all your stuffs from your current place to the next newcity. No mortgage, no commitment.
Besides, downsizing is almost effortless whenyou are tight on budget, here are the top 10 rentalhomes in Klang Valleyyou can rent under RM1,500. Ah…freedom. That’s what we are talking about. 3. No Huge Downpayment Buying a new home can take a bigchunk of your savings.
This could be potentially detrimental to your financialhealth, especially if you have an irregular income, for instances small businessstart-ups and freelancers. Renting can be a god-sent when you are in this kindof the financial situations, while you can also establish an emergency fund fora rainy day. Plus, make those homeowners envy youfor your absolute flexibility with spare cash on hand to fulfill yourwanderlust, and pursue creative projects. If you’ve been a renter all yourlife, we know that you may already have a generous amount of savings stackedaway for your preferred investments. Shh…our lips are sealed. 4.
No Monthly CommitmentFreedom is one thing, and moreflexibility with no monthly mortgage commitment is another. You are prepared tobe locked into something permanent, or long-term as a homeowner. This means youhave to constantly thinking about how to pay off that fixed mortgage everymonth without a break. As a renter, it’s your call. If themonthly rental is too much for you based on your current financialcircumstance, move on the fly. You can always rent another one within yourbudget, on your own terms. Less debt, more savings. 5.
Free Access to AmenitiesLuxuries don’t have to be expensive.Luxuries don’t require you to travel far. And luxuries can even be reached onthe 5th floor of your condominium building. Your life is made incredibly easierand more convenient with full access to amenities and services at no costs,such as gyms, swimming pools, building security, and on-site emergency repair,just to name a few, as a renter of an apartment or a condominium. Put awaythose monthly gym membership fee and pool upkeep fee for other investments or agood cause that is close to your heart. 6. No Big-Item Shopping RequiredConsider this another bonus ofrenting a smaller space.
You don’t need a lot of furniture and home appliances.If your property owner is kind enough, your space is furnished with all thebasic pieces you need. One of the things everyone hates about moving isrelocating these heavy guys, while they are still too young to be left at thedumpster.
Likewise, owning less furniture andhome appliances means it is much easier for you to move around when you wantto. Bada bing, bada boom, you are all set in your new home. 7.
More FriendsIf you are not renting the wholehouse, apartment, or condominium, chances are you are going to have roommates,or some say housemates, living under one roof. Good things coming out fromhaving roommates are countless, and the most significant one is the possibilityto share most of the costs and cut down your monthly spending to the veryminimum. This is an excellent way for you tomeet new people and explore more in a new city that you’ve just moved into. Weekendnights are also less lonely with wine nights, and movie nights. Even potluckssound a lot of fun—it’s like going back to college again. 8. Living in Your Dream LocationMost premium condominiums andproperties are in prime locations such as cities and major iconic hotspots. Andchances are, your workplace is in one of these locations as well.
If owning aproperty in these dream locations is not feasible for you due to its astronomicalnature, why not rent it? You can lead a satisfying life withless commute and a lifestyle you want, at a cheaper price in big cities. Bigcities are convenient due to its short distance to grocery, shopping centre,transportation hubs such as bus station and MRT station. Here are some propertiesnear MRT SBK Stationsthat you can consider! 9. Lower Utility ExpensesThis is another cash saver for beinga renter. You always choose a property size and floor design that you need andnot necessarily that you want, if you are renting.
Apartments and condominiumsusually have less square footage than houses as well. Therefore with a smaller spacecomparing to owning a house, you can bring down the utility expenses greatly, suchas electricity bill, and water bill. And seriously, what’s the point of havinga Karaoke room if you don’t even sing? 10.
Mowingthe Lawn? No Worries.You don’t want to come home after along day of work and still have to mow your lawn because the weeds are nowtaller than your toddlers. With rented condominiums or apartments, yard workhas already been taken care of by the property management.
Cleanliness andtidiness are paramount for any condominium or apartment property. More than often, property managementalso creates a greener environment with lots of plants seen everywhere at yourrented place. Enjoy more free time by kicking up your feet, and watching amovie in your own territory or walk around the property to immerse yourself ina surrounding that the management offers. The bottom line? It is always a very personalchoice whether to rent or to own your home. You should take now and future intoconsideration prior to making this important move. If you’re intrigued by theidea of renting, search our propertiesfor rent to find a rental home of your dream, or join our community discussions formore renting information.