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Home Life

The Advantages of Not being a Home-owner

Not being a home-owner has many advantages, and, as more and more people are renting I thought we’d take a look at some of them – in no particular order.

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Vander Hyde Critical Power Systems

No need for costly buildings insurance, this is the responsibility of the landlord. You will however, have to have contents insurance.

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Great Places

You can move home with relative ease. You only have to give your notice period and you can move; there’s no hassle of trying to sell.

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Vander Hyde Critical Power Systems

You aren’t responsible for maintaining the building, it’s the landlord’s responsibility to ensure the building meets regulations.

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Access Building Maintenance

You aren’t responsible for decorating, again this is the landlord’s responsibility – some landlords are flexible and may let you undertake some decorating, e.g. painting the walls.

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Buy To Let

You’re not tied into a long term financial commitment. The average mortgage is for 25years. Renting is typically 6 -12 months, giving you the freedom to move when you want to.

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Jordans Home Improvements

Home improvements are the landlord’s responsibility. Landlord’s have a responsibility to ensure the home meets standards (in reality many shirk this), however, there are many good landlords out there who want to keep their investment at a high standard.

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This is Money

If you have fully furnished you’re not responsible if, for example, the washing machine breaks down, you simply have to contact the landlord or his/her representative to get it repaired or a new one.

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Ecologic Solutions

If you rent an in an apartment block you’re not usually responsible for maintaining the public areas, for example a communal lawn, stairway or entrance hall.

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You can more flexible in your choice of home renting. You may want a designer lifestyle but when you’re lumbered with hefty mortgage repayments you may not be able to afford life’s luxuries, such as a swimming pool or gym.

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