linkedin - buying vs renting

Compare up the pros and cons of both buying and renting so you can decide which option suits you best in the short and long term.

When you own a home, it is YOURYou will have the freedom to make changes to your home without approval from a landlord

You will have the freedom to keep pets

You will have the freedom to stay as long as you like and move when it suits you

You will be faced with the financial responsibility of regular house maintenance.

When you rent you have FLEXIBILITY

You can move in soon after finding a suitable rental

You can leave for greener pastures after your notice period

You will have no maintenance worries or responsibilities

You need to get approval from the landlord to make changes

Personal wealth

Owning a home offers the long-term benefits of security,equity and potential growth in personal wealth.

The value of a home will appreciate over time and you can earn a profit off the sale.

No long-term commitment

This is the option if you don't intend on staying in one place for a long time

There is the possibility of living in an area in which you could not afford to buy.

Save for a deposit

Often a large amount, this deposit covers the initial payment for a home loan, and can cover some necessary once-off fees

Save for a deposit

Usually double the monthly rental, this is seen as surety for the landlord in case things go wrong!

Every Month

Pay the monthly bond repayments & homeowners insurance

Every Month

Pay the rental amount and various utility fees as per the lease agreement

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RENTBUY

Consider BUYING when you

• Qualify for a home loan• Have money saved and would

like to use it as a deposit• Are looking for a rewarding

long-term investment

Consider RENTING when you

• Have just started saving towards a deposit

• Don't qualify for a home loan just yet (don't worry there is plenty of time to get your credit record up to scratch)

• Don't see yourself living in the same place for more than 5 years

We are HAPPY to Connect BUYERS,

SELLERS and those Interested to RENT

Thank You very

MUCH!!