Top 4 Reasons Why Renting Is Better Than Buying

Owning a house is a dream for a lot of people and it is not that easy to buy a piece of property. When you own a place, it means you get your own space where you can do anything and anytime you want. However, dreams don't always come true, especially if they cost as much as buying a house. Luckily, renting a property provides its own benefits that are challenging to find in other housing options. In this article, we're going to discuss the top reasons that state why renting is a better option than owning a house or condo.

No need to pay maintenance costs

The most noteworthy benefit of renting a place is that you don't have to pay for any maintenance costs or repair bills. Your landlord will be responsible to pay the charges for anything that needs to be repaired or improved in the house. So, if you see that an appliance is not working or find a tap leaking in your bathroom, you immediately call the landlord and address the problem. On the other hand, if you own a home, you have to bear the cost of everything that is mentioned above.

You get access to all amenities

As you live in a condo or apartment for rent in Pattaya or somewhere else, you get access to all amenities that you probably won't be able to afford if you'd be living in your own house. If you decide to live in a luxury condo on rent, you get an in-ground pool or a fitness center without paying a single extra penny apart from your rent. You can easily imagine the cost of installing a swimming pool or a gymnasium inside your home and that is enough to prefer the option of renting.

There's no need to pay property taxes

You should know that renters don't have to pay any property taxes and they can live peacefully in a particular condo or apartment as long as they want. Homeowners find paying real estate taxes a huge burden and some of them even have to pay thousands of dollars each year. Apart from that, calculating the tax amount is also a complex task that will take up your time and energy as well.

There's no need to pay a downpayment

If you decide to buy a house, you have to pay the down payment for it which is about 20% of the house's price. On the other hand, renters just have to pay a security deposit that is simply the amount of a month's rent. Hence, renting saves you a lot of money that you can use for other purposes.

If you're looking for a condo for rent in Pattaya, you can consult “Global Top Group”. The firm has been providing top-quality properties and unparalleled service to its clients for more than four decades. They also have a rental management service that can help you in making the right investments and getting the best returns from them. Visit their website to know more.