Advantages of renting over buying a home
This little blog seems appropriate following the last blog but this time we look at the advantages of renting over buying a home.
More options in property investment and renting than buying your own home.
For many years, Lime Property Solutions has assisted young couples in particular build substantial equity in property through the relatively new coined phrase “rentvesting”.
In the same weekend, a ‘Domain” article tells us First-home buyers are turning their back on the Great Australian Dream of having their own home to live in and are instead increasingly opting for an investment property first. Described as ‘rentvestors’, a third of investors in 2016 were first-time buyers who had not yet bought their own home, a Mortgage Choice survey found.
So in today’s blog we’ve given you two separate articles to go to on the same subject. As we’ve always said, “Rent money is NOT dead money as long as you take a position in the housing market.”
So if you crave freedom and options but are fighting against the need to put down roots and buy your own home, here are a few reasons why you might consider an alternative.
- Negative Gearing
- Spreading the risk
- Liquefying our assets on retirement
- Rent can be cheaper
- Freedom to move
See more here: http://goo.gl/Yit4lg and also http://goo.gl/1iFYxM
