Excuse yourself from costly updates
When you own a home, pouring money into remodeling projects is tempting, even though you are not likely to recoup the money when you sell.
As a renter there is freedom in knowing you can’t remodel even if you wanted to. This unspent money can become savings for retirement or holiday!
Family growing? Freedom to up-size
When you buy a house you are tied down to living in that location for at least a few years usually.
If you rent, moving to a bigger place is relatively simple which is great compared to if you own your own home and want to sell your old house and buy a new one at the same time, things can get complicated.
Being able to call your landlord when something needs fixing has to be one of the perks of renting.
From leaky pipes to appliances that go kaput, it’s nice to know you will never need to cover surprise repair costs.
Invest on your own terms
Choosing not to buy a home opens up other possibilities for saving and investing.
Buying a home can be a smart investment, but it’s not the only option.
Keeping your options open
Been offered an amazing new job opportunity in a far-flung locale? Having to contend with selling your house in order to take that job offer?
Not if you’r renting, you have the freedom to chase those amazing opportunities wherever they may take you and explore new cities!