Many people rent the home they live in, and this is entirely acceptable. However, some have no choice in the matter. Some have tarnished credit while others cannot afford to move let alone buy a house. Those stuck in a rental situation sometimes give all sorts of reasons on why renting is better, but it is not a better choice for all. Consider the following info on why owning a home is better than renting, and do all you can to stop paying someone else for the use of their house.
Decorating Freedom when Owning a Home
When renting a house, decorating options are limited – sometimes severely. A person can pound nail into walls and hang pictures – if they are willing and able to fill those holes before moving out, but do not count on being able to add color to a wall using paint or wallpaper. Chances are they will be stuck staring at neutral walls for the duration of the rental period.
No one truly or completely owns a house as long as they pay a mortgage, but they have total control over decorating and every other interior and exterior plan. When renting a house a person might be stuck with ugly rose-colored carpeting and/or outdated and equally ugly fixtures, just to name a couple of problems. After owning a home and subsequently renting a house, a person learns to appreciate what they once had and the control they held over decorating and remodeling. This is just one reason why owning a home is better than renting.
A Practical Investment is Usually the Better Choice
The financial aspect of owning a home is one of the main reasons why this choice is better than renting. Unfortunately for some it is not a choice. Some are stuck renting – at least temporarily. Owning a home is a practical investment over renting a house. At the end of the year a renter only has rent receipts, and a homeowner has something to be proud of, given they have taken care of the structure, as well as a sizable tax deduction. It is a practical investment because it is also useful. After all, everyone needs a place to live.
Having to Answer to a Proprietor is Not Better
Home ownership is the definition of complete freedom. A person must maintain the house to keep it in good condition – if they want to have a nice home, but they will never have to answer to a landlady or landlord when owning. They only have to answer to the tax assessor if they want to keep it. They also have to answer to the mortgage company if it is not paid in full.
The term landlord or landlady gives far too much glory to the owner of a house, and although some are very kind and considerate, others are dreadfully arrogant and condescending toward those that ultimately pay their bills. They are not lords or ladies in the true and formal sense of the word, but some feel as if they are, and they reek of conceit. No one really wants to answer to someone like this. Unfortunately, renters have been given a bad name – even though many homeowners do not care for their houses any more diligently than stereotypical renters. Good renters exist just as good proprietors exist, but this does alone not make renting a better choice to owning a home.
The American Dream
In the end, the prospect of owning over renting is a personal choice, and whether it is better or not depends on many factors. Whoever prefers renting over owning and feels it is the better choice should by all means rent a house for as long as they wish. As previously mentioned, not all landlords and landladies are tyrants just as not all renters are pigs. However, when searching for greener pastures, do not give up on owning if possible, and do all you can to buy rather than rent. Otherwise, you might end up under the thumb of an overbearing, arrogant and incredibly tight landlord or landlady, and you might find yourself stuck in a structural time warp that could become financially difficult to leave. Finding a good rental home and a good land person is paradoxically just as difficult as finding a good renter, and after seeing both sides, the benefits of renting cannot possibly outweigh the cons of owning – at least not on a long-term basis. It is no wonder why owning a home is called the American dream.