Most people in some countries opt to rent a home instead of having one. They prefer this arrangement especially those who will not stay for life in one place. But others still choose to have a home they can call their own.
There are lots of advantage in renting a home. One good thing about it is you can choose the area you think is the most convenient for you. Developers feature pads with amenities such as parking area, groceries, gym, park, chapel, laundry, cafeteria, and a lot more. In urban cities where students study, they can have an apartment of dormitory that is near and accessible in going to school. This will spare them from traffic jam because the school is just nearby. In renting, you are also spared from maintenance and paying property tax. You will just pay your rent according to agreed contract
On the other hand, there are disadvantages of renting home. It will never be yours because you’re just a tenant. You cannot give it to your children as their share since its not yours. Rent to own is a better option because you are paying the place you will later be your own.
Renting a home has both positive and negative side. It’s how you manage to live with it.