Array
Real Estate

5 Best Things About Renting A Home

Living in a compact unit has its perks, too

Shares
Photography: Vincent Coscolluela (Main Photo)

Most of us have been raised by our parents to believe that owning a big and beautiful house is the only way to live when we become adults—in reality, however, that isn't always the case. Contrary to popular belief, there are some things about renting that you just can't beat. If you've been thinking about signing a lease, here are a few more reasons that may convince you to do it as soon as possible:

1. You can try different neighborhoods.

Never having to commit to one location is one of the best things about being a renter. When you get a new job, transfer schools or your lease runs out, you get to move and try totally something new.

2. You don’t have to worry about estate taxes.

When purchasing a house, you’d have to worry about mortgages and piles of real estate-related paperwork but if you’re renting, your landlord will do all the work for you. As long as you settle your downpayment and rent, you’re off the hook.

ADVERTISEMENT - CONTINUE READING BELOW


3. You can adjust your lifestyle according to your budget.

If life suddenly throws you a curveball—you may find yourself out of a job or on a tight budget—you can always move to a cheaper place at the end of your lease. If you own a house, it can be a bit more difficult to break free of the fees involved in maintaining a home.

4. You have access to different amenities.

From gyms to snack bars and swimming pools, many condominiums and apartment complexes have amenities that are incredibly convenient. The biggest bonus? 24/7 security, doormen and on-site maintenance to make sure your neighborhood is safe.

5. You don’t have to think about property values.

Property values constantly go up and down, and while this may affect homeowners who live in houses, it barely affects renters because the property titles aren’t in their name. If the neighborhood gets a little too rocky, you can always find some place new to live. 

ADVERTISEMENT - CONTINUE READING BELOW

More on Realliving.com.ph

Shares

Latest Stories

5 Organizing Ideas We Can Learn from this Family Home in San Juan

This home doesn't just have picture-perfect rooms. Let it inspire you to get organized.

Amoy Kulob at Mabaho? Here Are Ways to Keep Your Home Smelling Fresh

Because a beautiful house needs to smell good, too

Those School Buildings We Grew Up With Are Called Gabaldons

The President recently signed a law that mandates their conservation

These Are The Reasons Why You Have a Messy Home

Manage the clutter in your house with these tips from an interior designer

Which One is Best for Your Home: A Diffuser or A Humidifier?

Here is a quick guide between a diffuser and humidifier to help you decide which one is better for your space

How to Avoid Bad Luck in the Year of the Pig

They say you shouldn't wear black or white on Chinese New Year. Are you familiar with such taboos?

12 Decluttering Tips We Can Learn from Tidying Up With Marie Kondo

Achieving a clean, organized, and welcoming home can be easy

How Often Should You Wash Your Pillows?

Heads-up: The pillows we use are filled with germs and bacteria!

How to Survive If You Only Have One Bathroom at Home

Here's how you can make the small, shared space clean and functional

A Tiny 21sqm Studio Unit Undergoes A Needed Makeover

Interior designer Kat Villanueva-Lopez worked with clever storage solutions, multifunctional furniture, and sleek finishes to turn the cluttered space into a haven for a family of three

Done with KonMari? Here's Where You Can Donate Old Clothes and More

Make someone else happy by donating your pre-loved items!

7 Ways to Use Hooks Around the House

From organizing the kitchen to displaying your favorite plants, your pack of hooks can go a long way!
Load More Stories

Get inspiring design ideas and handy hints.
Subscribe to our newsletter now!