4 reasons why renting is better than buying a house

 

Buying a home is definitely a good investment. Your money gets locked up and it may increase over time. However, there are also reasons why many people choose to rent a home instead of buying one.

1. Volatile environment

Though most property owners hope that the value of land will increase with time, the opposite might happen too. The land value may crash and you might not be able to sell your property when you need to. You might even incur a loss if you have to sell the property at that time.

2. Maintenance is a hassle

As a homeowner, you have a number of duties. One of these duties is to maintain the home regularly. This can be very expensive. If you rent a house, you won’t have to worry about all these.

3. No extra cost

As a homeowner, you will have to spend some extra money on insurance and taxes. This won’t be the case if you rent a house instead. You won’t even have to worry about mortgage payments.

4. No down payment required

You won’t have to save up money for paying the downpayment on the house. You can invest your money elsewhere and earn more profit.

So, before you think of investing all your savings on a property, you should study the trend of the property market. You should also consider your long-term goal before buying a house.

5 ways you can renovate your house before selling

Many real estate agents prefer that you renovate your house before selling it. After all, nobody would like to buy a house that has been left untreated for years with shabby paint and broken windows. Here are the best ways you can renovate your house.

Paint

If you think the paint has become old, you can think of repainting your entire house. It improves the exterior look. For the interior, paints help to cover up flaws in walls. A fresh coat of paint can really increase the value of your home.

Declutter

You should take the time to declutter your house. You should remove everything that is personal, such as family photos or trophies that you have won. You should make sure that your rooms look spacious.

Landscape

Most people like a bit of greenery in the house. You should make sure that your landscape is in good shape. You should call a professional to clean up your landscape.

Include new appliances

The kitchen is one of the most important rooms in the house. You can add new appliances to make your kitchen modern. This addition can considerably increase the value of your house.

Fix plumbing and other problems

If you have any plumbing or other issues then you must fix them. The prospective buyer must realize that you have maintained your property well.

Doing some renovation before selling a house can have a significant effect on its value. It will be able to attract lots of buyers and you will be able to sell your house quickly.