To be a tenant or to become an owner? This is the dilemma of many households wishing to maintain their standard of living in all circumstances. Moreover, the fact of remaining a tenant is often pointed out as throwing one’s money out the window. Clarification of this situation needs to be provided. Without a doubt, renting presents some undeniable disadvantages that should be known.
The practical challenges of renting
Many households expressly choose to rent to simplify their lives according to their own opinions. Indeed, being a tenant allows for greater mobility by making moving easier. Renting is therefore suitable for people working in certain categories of profession. By choosing to remain tenants, they will not have to wait until the sale of their home is completed before moving elsewhere. Diplomatic agents, posted workers, sportsmen and businessmen are concerned by this aspect of residential rental of immovable property. The latter also offers a certain flexibility with regard to the type of accommodation and the choice of neighbourhood. Tenants also have the possibility to be demanding in terms of comfort.
Rental and its disadvantages
Real estate experts attribute some disadvantages to renting, despite its real practical interests. However, people are reluctant to make the effort to get out of it for fear of seeing their standard of living impacted. Indeed, one must know how to make sacrifices to free oneself from the inconveniences of renting. And there are many of them, even if real estate agencies prefer to ignore them most of the time. First of all, the situation of the tenant appears to be more fragile in case of possible financial difficulties. He or she may find himself or herself unable to pay the rent. In addition, renting generates substantial monthly expenses that clever people save by taking out a mortgage.
Analyse the situation in more depth
In reality, each person must make an accurate assessment of his or her situation in order to make the right decision. Renting prevents the tenant from building up an asset over time. In any case, it is one of his main Achilles’ heels. Apart from the pecuniary aspects, property rental is sometimes associated with cases of dispute between the owner and the lessor. This is why some families choose to take the necessary steps to finally become homeowners. Leasing thus appears to be an interesting alternative for households. It makes it possible to manage the disadvantages of renting by combining them with the comfort of becoming an owner.