Advantages of Renting

Renting vs buying is always a matter that gets debated and doesn’t have a clear answer. Many feel buying a property is better than renting, often many associate renting with throwing away money, there are some instances that do suggest the opposite. Some advantages for renting are as follows:

Fixed Rental Price

Rental price is guaranteed for the agreed span of the fixed term tenancy, meaning it’s easier to budget your money.

Deposit

No hefty deposit you need to find when buying a property, therefore financially renters are better off.

Maintenance

When renting, all the repair and maintenance costs are the responsibility of the landlord, relieving you of any financial stress when for example a pie should burst.

Insurance

Renters contents insurance is cheaper than what home owners need to pay – saving you a bit of extra money each month.

Flexibility

When you purchase a property you look to live in that property for a minimum of 2-5 years, normally depending on the term of the mortgage. With renting you have the flexibility of moving when needs be if circumstances are to change suddenly; bearing in mind the first 6 months terms of the tenancy has passed.

If you feel we have missed any points we would love to hear from you at www.principal-properties.co.uk.

I hope this post has been helpful. If you habe any property related questions please feel free to contact me using the details provided below – I’d love to help you.

Katie

Katie@principal-properties.co.uk

www.principal-properties.co.uk/contact-us

0333 772 0718