In this article we are going to talk about some of the most important benefits of opting to buy a home instead of renting a home. We are going to see how it can be a major advantage for you in both short term as well as long term. We are going to see how it can benefit you in multifaceted ways. If you are looking for Houses for Sale Comox BC, consider Kitto Real Estate.
One of the most important benefits of opting to buy a home instead of renting one is that you do not have to deal with the constant hassle of a landlord. This is a very common issue or concern when you are renting a place. Landlords create a lot of rules and as someone who is renting the palce you have to play by those rules and hence, it can get a little frustrating at times.
Having a home of your own means that you have every control of it. Renting also means that whenever there is a need for minor repair, you will have to talk to the landlord and explain it to him and even convince him in some case to get the repair done. Sometimes, the landlord, because of his inactions. Can delay the repair and you suffer as a result of that.
Even for the minor repair you have to request the landlord and have to wait for him to respond and fix the issue. There is a dependency factor on the landlord when you are renting the place. But this is not the case when you are actually buying a house. You are completely independent and you do not have to reply on your landlord for every other thing. You are free to tke decisions on your own.
You are the master of your space. You can customize the space, the interiors and everything to your liking, to your aesthetic taste and to your standard and desire. You can make renovations and choose to add or remove items and features from the house. When you are renting a place, there are a lot of restrictions on how you use your space.
Most landlord will not allow any major modifications and renovations inside the house. And even if some may allow, you will have to seek permission and sort of explain the whole project to them and hope that he/she approves of the project. This, again, can be quite frustrating.
One of the most important factors that you need to take into account is that when you are buying a place, you are also buying an asset. Renting a house does not create an asset. You are actually spending money with no home of any return. When you buy a house, not only you create wealth and value but you can also hope to earn from it on a monthly basis in the form of rent.
