Should you rent or buy?
Possessing a home needs a lot of cash and can be very frustrating.
Renting has some benefits over buying, including speed of move-in, less cash, flexibility, amenities, and a maintenance-free lifestyle.
Most people need a mortgage to buy a house because they don’t have the funds on hand in order to buy the property in cash? If you apply for a mortgage, chances are high that you will need to pay a down payment upfront that equals a percentage of the purchase price of the property. That down payment percentage can run as high as 20% of the purchase price.
Buying an apartment, you need not only to buy the apartment itself, but to make repairs. Even the simplest repair will cost a lot of money.
Another set of important costs associated with owning a home comes in the form of property taxes. As a renter, I don't have to pay taxes on where I live, but as a homeowner, you would have to pay property taxes. The amount varies depending on the property and the value of the home.
I work remotely, but if required, I will go out to the office where I will go. But I don’t want to travel for a long time and I consider the choice of a place of work on a geographical basis to be nonsense. It is very suitable to rent an apartment near the office.
While some might say that renting a home is simply throwing money away, I see it as less of a financial risk than buying a home. I don't have to stress about pop-up fees associated with maintenance or repairs. I don't have to budget for home insurance or property taxes. I also don't have to be concerned about the housing market and what might happen if it crashes when you're itching to sell your house.
Renting a house offers the opportunity to see what the neighborhood and the neighborhood are like. In the case of not feeling comfortable in that environment, we can change the place of our residence without having to be anchored in the same place enduring its inconveniences.