Three reasons to live in a rental property
While owning your own property certainly comes with its own perks, there are some great reasons to live in a rental property.
Here are our top three reasons.
A mortgage is a big responsibility to take on.
It's a commitment that often requires decades of repayments and strict budgeting, so if you're not ready for that kind of obligation just yet, living mortgage free until you are is still an option.
Don't get tied down
Some people are simply born with the travel bug, and will therefore never really want to settle in the same place for too long.
Once you own a home, moving away in a hurry isn't quite as easy as it is when you're renting. Finding a buyer when you decide to sell can take time, and dealing with furniture removals can be a big job. Renters can simply inform their real estate agent that they're moving out at the end of the lease, pack their bags and go.
What body corporate?
Property owners have to deal with body corporate fees and other overhead costs like repairs or maintenance.
Renting means that you only pay a regular fee that you can budget into your income with your other expenses.