Renting has been seen as the ‘second best’ choice next to buying; for some reason, people think that you only rent because you can’t afford to pay for your own home. But whilst this is true for some, there is now a shift in attitude towards renting in the UK, and more people are opting for renting as a long-term option as opposed to buying. There are now more reasons why renting may well be a good deal for you, especially when you would like to save money and attain more freedom and flexibility in your choices. Here are the main reasons why renting may be a better option for you.
- It offers flexibility
If you decide to rent, you can be more flexible in your lifestyle and your lifestyle choices. Renting allows you to stay flexible and have more freedom, as most contracts run for about a year, which means that after that contract, you can decide to extend your rental arrangement with your current landlord, or you can move to another place or another area altogether. Essentially speaking, with renting, you are not tied down to a piece of property for a long time. If your circumstances or situation changes, you don’t have to worry about the property – you simply have to pack your things and move to another location if necessary or if you so decide. Renting gives you the freedom to try living in a different area, for sure, but it also gives you the freedom to change jobs or careers, try out different layouts or flats, and find the best way of living for your needs.
- It offers quality
Another fact about renting that not many of us think about is that it can give you access to a higher quality home – something you may not be able to afford at all if you decide to buy. For example: if you don’t have the budget for the deposit for a nice home, then you will not be able to live in it at all. This isn’t true with renting – with renting, you can have access to a nice place as you don’t have to worry about coming up with a deposit for the home. All you need is a deposit for renting it, which is often way cheaper, as the expert letting agents from www.clifftons.com can confirm. Also, there are now numerous properties made specifically for rental purposes, so they are designed with the renter in mind.
- It offers easier budgeting
When you rent, you can have an easier way of budgeting your money as well. Think about it – you know exactly how much rent you need to pay per month, and there aren’t often any additions to this. If you have a landlord who manages your utilities, then you know precisely how much those bills are as well. On the other hand, if you own property or if you’re a homeowner, you could be faced with some unexpected expenses, such as repairs and maintenance work. Even if you have a consistent mortgage payment per month, you could still end up spending on unforeseen expenses just because you are responsible for running and managing your own home. If your boiler breaks down, for example, no one can take care of this but you – you don’t have a landlord to arrange for it to be fixed.
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