{"id":827,"date":"2021-02-10T19:44:33","date_gmt":"2021-02-10T19:44:33","guid":{"rendered":"https:\/\/www.propertyunder50k.com\/blog\/?p=827"},"modified":"2021-02-10T19:44:34","modified_gmt":"2021-02-10T19:44:34","slug":"buying-vs-renting-should-you-buy-a-house","status":"publish","type":"post","link":"https:\/\/www.propertyunder50k.com\/blog\/2021\/02\/10\/buying-vs-renting-should-you-buy-a-house\/","title":{"rendered":"Buying vs Renting – should you buy a house?"},"content":{"rendered":"\n

Buying or to renting a place to call home is one of the questions on many people’s minds at a certain point in life. If you are settled in a place with a good job and can foresee yourself staying there in the nearest future, would it be more advantageous to continue to rent or take out a mortgage?<\/p>\n\n\n\n

The answer generally depends on individual\u2019s choice, as you may have different values to the usually home buying<\/a> route. Of course, there are benefits to renting a house, but the advantages of buying supersede that of renting. It gives you a sense of security and satisfaction in having a place to call your own – permanently. With that said, outlined below are a few key benefits you enjoy when you buy your own home as against renting.<\/p>\n\n\n\n

1 – Equity building<\/h2>\n\n\n\n

One major benefit of buying a home is in building equity. As you make your mortgage payments, the amount of money you owe on a home reduces. And the more your home value increases, the more money you save. You can even consider mortgage as a forced savings plan. When you pay rent, you are technically making someone better off by paying their mortgage and building up their equity. Of course, renting can initially be cheaper<\/a> than buying a home, but many see it as throwing money down the drain. If I may ask, why do you want to be building savings for someone else when you can contribute towards your own investment?<\/p>\n\n\n\n

2 – Modify to taste<\/h2>\n\n\n\n

It is always fun to create a living style that is all your own. As a homeowner, you can always make changes to your home to suit your taste and preference. You can renovate, customize, and paint the walls any color you wish etc. In fact, there won\u2019t be anyone to tell you what you can and cannot do. But if you rent a house, you are always at the mercy of whatever the homeowner will allow you to do.<\/p>\n\n\n\n

3 – Unparalleled stability<\/h2>\n\n\n\n

The stability you experience when you have your own home is unparalleled. You understand that if you lock in an interest rate your payments remain constant. If you rent, you have no control over the increments in rental payments. The property owner may evict you or even sell the home from under you at will.<\/p>\n\n\n\n

Final thought<\/strong> about buying vs renting<\/h2>\n\n\n\n

Renting a home<\/a> can be a great place to start. But when you buy your own home you have a sense of permanence, and it also contributes positively to your financial future as you are constantly building equity. Additionally, buying a home<\/a> provides security for your family knowing that they have a place to call their own.<\/p>\n","protected":false},"excerpt":{"rendered":"

Buying or to renting a place to call home is one of the questions on many people’s minds at a certain point in life. If you are settled in a place with a good job and can foresee yourself staying there in the nearest future, would it be more advantageous to continue to rent or … Continue reading Buying vs Renting – should you buy a house?<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":832,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[152,220,236],"tags":[326],"yoast_head":"\nBuying vs Renting - should you buy a house? - propertyunder50k.com<\/title>\n<meta name=\"description\" content=\"Buying or to renting a place to call home is one of the questions on many people's minds at a certain point in life. What is best in your situation?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertyunder50k.com\/blog\/2021\/02\/10\/buying-vs-renting-should-you-buy-a-house\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buying vs Renting - should you buy a house? - propertyunder50k.com\" \/>\n<meta property=\"og:description\" content=\"Buying or to renting a place to call home is one of the questions on many people's minds at a certain point in life. What is best in your situation?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.propertyunder50k.com\/blog\/2021\/02\/10\/buying-vs-renting-should-you-buy-a-house\/\" \/>\n<meta property=\"og:site_name\" content=\"propertyunder50k.com\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-10T19:44:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-02-10T19:44:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.propertyunder50k.com\/blog\/wp-content\/uploads\/2021\/02\/renting-vs-buying.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.propertyunder50k.com\/blog\/#website\",\"url\":\"https:\/\/www.propertyunder50k.com\/blog\/\",\"name\":\"propertyunder50k.com\",\"description\":\"Find cheap properties under 50,000 Euro!\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/www.propertyunder50k.com\/blog\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.propertyunder50k.com\/blog\/2021\/02\/10\/buying-vs-renting-should-you-buy-a-house\/#primaryimage\",\"inLanguage\":\"en-GB\",\"url\":\"https:\/\/www.propertyunder50k.com\/blog\/wp-content\/uploads\/2021\/02\/renting-vs-buying.jpg\",\"width\":1920,\"height\":1280,\"caption\":\"renting vs buying\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.propertyunder50k.com\/blog\/2021\/02\/10\/buying-vs-renting-should-you-buy-a-house\/#webpage\",\"url\":\"https:\/\/www.propertyunder50k.com\/blog\/2021\/02\/10\/buying-vs-renting-should-you-buy-a-house\/\",\"name\":\"Buying vs Renting - should you buy a house? - propertyunder50k.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.propertyunder50k.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.propertyunder50k.com\/blog\/2021\/02\/10\/buying-vs-renting-should-you-buy-a-house\/#primaryimage\"},\"datePublished\":\"2021-02-10T19:44:33+00:00\",\"dateModified\":\"2021-02-10T19:44:34+00:00\",\"author\":{\"@id\":\"https:\/\/www.propertyunder50k.com\/blog\/#\/schema\/person\/ce7f2d7fd987e9059dec8089aed506e0\"},\"description\":\"Buying or to renting a place to call home is one of the questions on many people's minds at a certain point in life. What is best in your situation?\",\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.propertyunder50k.com\/blog\/2021\/02\/10\/buying-vs-renting-should-you-buy-a-house\/\"]}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.propertyunder50k.com\/blog\/#\/schema\/person\/ce7f2d7fd987e9059dec8089aed506e0\",\"name\":\"Property under 20k team\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/www.propertyunder50k.com\/blog\/wp-json\/wp\/v2\/posts\/827"}],"collection":[{"href":"https:\/\/www.propertyunder50k.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propertyunder50k.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propertyunder50k.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propertyunder50k.com\/blog\/wp-json\/wp\/v2\/comments?post=827"}],"version-history":[{"count":5,"href":"https:\/\/www.propertyunder50k.com\/blog\/wp-json\/wp\/v2\/posts\/827\/revisions"}],"predecessor-version":[{"id":833,"href":"https:\/\/www.propertyunder50k.com\/blog\/wp-json\/wp\/v2\/posts\/827\/revisions\/833"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.propertyunder50k.com\/blog\/wp-json\/wp\/v2\/media\/832"}],"wp:attachment":[{"href":"https:\/\/www.propertyunder50k.com\/blog\/wp-json\/wp\/v2\/media?parent=827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propertyunder50k.com\/blog\/wp-json\/wp\/v2\/categories?post=827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propertyunder50k.com\/blog\/wp-json\/wp\/v2\/tags?post=827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}