Many of us get comfortable with where we are as long as they are living. Renting is living so is living in your own house. Both of them are living but they are not the same and the experience is also not the same. If you are looking to staying alone and you are wondering if you should be renting or building your own house well this is for you. This article is going to talk about why building is better than renting a house. This may help you decide what works for you.
Home sweet home is what we all say when we get home. Is it really a sweet home when the colors are not your favorite, it is a sweet home when you cant make any changes to make the house comfortable for your stay. What makes a home sweet home is making it what you want it to be. This is why building and owning a house is way better than renting because you cannot make changes to the property that is not yours. Here are the reasons why building is better.
When you have your own space you are able to do what you want. You can make any changes as you wish, from the color of the paint to the outside appearance. You can renovate when you want you can put the flowers you want and you put the floors you want. Basically, the power to change anything is in your hands. And the most important thing is that some improvements you make will increase the value of your property.
Owning a home means more privacy. There are no interruptions from the landlords who can come at any time, after all, it is his property. Not only that there is no going through a series of inspections as the landlord checks if their property is still in a good state or if there are any broken things you need to pay for.
Homes naturally increase in value the price increase over time. This means that this is the extra money you are going to enjoy later on. Also, they build equity which is an advantage to you.with each mortgage payment building equity takes place, eventually the house will have so much value than you actually owe on it.
Building and owning your house means fewer expenses for you. When you get a fixed-rate mortgage it means that your mortgage payment doesn’t change . it stays the same every month. When you are renting you are at risk of having to have your fees increased every year. Not only that when the property is yours, but your costs will also always be lower. Both renters and owners have insurance but it is most likely to work better for the owner than the renter as it covers some of their expenses when it comes to their houses.
Lastly, there is just that pride that comes with owning your own property. You cannot help but smile whenever you drive or walk up to it. So building your own house gives you so much joy as a person to know that you have your own property.