Home rental can represent an important stage for growing social relationships
and taking care of life responsibilities. While the decision is up to you and
should be considered with careful thought, it is best to check out a few of the pros & cons below:
PROS: The largest financial responsibility when renting a home is coming up with a deposit, security, and possibly first and last month's rent when moving in. For the majority of renter's this is the number one reason for renting. The responsibility of paying rent every month is a plus for many.
CONS: When renting a home, since there is no financial commitment, there also isn't the benefit of appreciating value in a home. This simply means – you will never get your money back to you when renting. While in an appreciating home market, the sale of your home can lead to great financial gain in the future. LANDLORDS
PROS: When you stay at a hotel and the television doesn't work – don't you call down to the front desk for them to 'fix' the situation? This is one of the pros of renting a home, the responsibility of maintaining the appliances, repairs, and physical appearance of the home is on the landlord. For many people, this makes renting a home much more appealing than owning a home. The idea that a broken toilet is not your concern, can be a wonderful relief from renter's minds!
CONS: The world is full of bad landlords. The downside to renting is that now your health, safety and welfare may rest in the attentiveness of your landlord. If you have a repairs in your home that never get fixed, or get fixed too late, landlords may not respond to your concerns. Remember, in many jurisdictions they are 'Renter's Rights', if you feel your landlord is taking advantage look into these laws.
PROS: Those who rent a home have to check with their leasing company/landlord as to what can be done to personalize the home. Many landlords will let you paint, hang pictures, and will even keep up the landscaping on a rental home. If you are fortunate to get these options in a landlord, don't take it for granted, and take good care of the rental property.
CONS: Many leasing companies and landlords don't want any cosmetic alterations done to the home. This can mean, no hanging pictures on the walls due to possible holes, to keeping the existing wall paint color as-is. Often times in rental homes, the turnover rate of new tenants is high, therefore the landlord doesn't want to have to put a lot of energy and money into making your space rentable to the next tenant. Talk over décor flexibility with your landlord, he/she may be more flexible than you think.
If you’re building a house from scratch, or just adding an extension onto your home, then there’s going to be a wide range of decisions you’re going to need to chew over. Sourcing labour and materials alone can be a real hassle, as you’ll always be aiming for the perfect balance between price and quality. Another big decision is going to be the choice between a pitched or flat roof. If you’re considering using a flat roof for your project, here are some of the big factors to consider. Read more
If you want a glamorous kitchen, there are a few things you might have to change. The kitchen is one of the most important rooms in the house, for many people. You cook in there, but you may also entertain guests in there, work in there, and do a number of other tasks. If you want to feel great when you spend time in your kitchen, here’s how you can make yours more glamorous step by step. Read more
Getting a tankless water heater almost seems like a no-brainer. They heat water only when it’s needed, eliminating the need for a storage tank, and have a life expectancy of around 20 years, which is much more than a conventional tank-type water heater. They also reduce the risk of tank leaks and water damage – and because water is only heated when you need it, they’re better for the environment. On paper, tankless water heaters win on almost every point. But before you rush out and throw money at a new water heater, note that they are not flawless! Read more