Renting vs Ownership 

 

Everybody has possibly experienced it once – it strikes like a flash of lightning, you need urgent cash. If you don’t own assets like a property, you won’t be able to borrow for securing a business or paying for an urgent operation. The first point of difference —Assets back up your existence—Borrowing power for money

 

The statement “Owning a property has a higher price tag than renting” is TRUE considering your cash-flow at the time. In home ownership by paying off a mortgage over time your weekly costs decrease in contrast to rents which go up as a result of inflation. You win as property owner - it is a long-term game.

 

With Ownership you are in charge and in control for making your life more comfortable and cost efficient. By reducing the energy consumption you manage the daily outcome. The freedom of having choices, a healthy home, a productive garden or rent as income stream - your house pays you if you manage it well.

 

Renting, you remain independent and flexible. If you can afford a high rental standard, your lifestyle is like driving an expensive car. After years of fun, you need to replace it with no cumulative wealth.

 

If you look at the social side-effects, you’ll possible prefer areas with high level of home owner occupancy that is a key factor in creating strong communities defeating crime and anti-social behavior.

 

 

 

For the interested reader here are related information and resources for making educated decisions.

 

Tenant’s Blog

Home Owner’s Blog

Spectacular

Wellington Harbour

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Rent or own - do you need help for making an educated decision? Renting or buying a home - is flexibility when renting important to you, or do your prefer home ownership for family or community reason?

Klauster Properties Limited