For many people looking for place to live, increasingly the option to rent a home before buying is becoming more of a norm.
But should you even buy a house anyway, or is it a better option to rent full time.
There are many benefits in houses to rent Bootle as opposed to buying a property, and financially you could find you are better off.
No maintenance or repair bills
One of the main advantages of being a tenant is the fact you are not responsible for the maintenance of the property or indeed the bills.
So when that pipe bursts in the middle of winter, of the slates blow off the roof, you only have to pick up the phone and call your landlord, or estate agents in Waterloolike James Kristian, to get him to sort out the repairs.
You obviously have a responsibility as the tenant to make sure you keep the house in a good state of repair, but when it comes to something major that needs fixing, such as a boiler breaking down, then call the landlord and ditch the expense.
On the other hand if you are a homeowner these kind of repairs can run into the thousands of pounds, when you least expect to have to pay out that expense.
Access to added benefits
Sometimes the benefits of living in rented accommodation means you can enjoy an added bit of luxury, many of the modern city centre apartment blocks have gyms or even swimming pools in them.
This means you can save money on a gym membership, and stay conveniently local to where you live, without any additional costs.
No big deposits
If you are going to buy a new home then you are going to need a big deposit, and that’s before you decorate.
Another big financial advantage of renting a nice place, is the fact you don’t have to have thousands of pounds up front to put down, generally a months rent up front and a deposit is what you need.
No worries on property valuations
If you own a home then one of the biggest worries you have is the valuation of it, prices go up and down when it comes to property.
And since the financial disaster of 2008, this really put a big dint in the price of property worldwide.
If you are renting a property, then this is not something you have to worry about, indeed you may find if property prices go down, so does rental prices, so you could take advantage of a slump in the market by decreasing what you pay out in rent.
Flexibility for change
One of the biggest advantages of renting is the mobility you have if you decide you want to live somewhere else.
It’s not uncommon to want to move home, you may have noisy neighbours, or you need to downsize.
Then beauty of renting is you can move anytime your lease ends, so if you need to move for any reason, when you know your tenancy is coming to an end, you can be actively looking for a new place.
Give your landlord the agreed notice for moving and then move on.
If you own your own home and you have neighbour issues then you can in for a nightmare.
You just don’t have the same flexibility to up sticks and move when you are a homeowner.
You would have to sell the house to move, how long will the house stay on the market for? Will it achieve the valuation you are looking for?
These can be really stressful issues, houses can sit on the market for along time, and if you are in a hurry to move these points can throw a spanner in the works.
Nothing you have to worry about though if you are renting.