At Image Property, we represent landlords with properties available to rent across the city of Brisbane. No matter what type of homes for rent you are looking for, we know that we will have the perfect property to suit you and your needs. We serve many different locations in Brisbane and have properties available for all budgets. Our friendly team are on hand to give you information about these properties and you can easily book a viewing online at a time that is suitable and convenient for you.
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There is much debate over renting versus buying, and there is no straight answer to which is better as it really all depends on your personal circumstances which one is better suited. Find out more below about some of the pros and cons of renting that you need to know about.
The Pros And Cons Of Renting
There are a plethora of both pros and cons to renting and whether or not it is suitable for you really all depends on where you are in your life and what goals you have right now. Here are just some of the great benefits that you can enjoy when renting.
It’s Low Maintenance
One of the biggest positives of renting rather than buying is that it is lower maintenance when it comes to what you are responsible for any repairs. For the most part, it is your landlord who will be responsible for any repairs, and so that leaking roof or broken toilet are not things that you will really have to worry about as the landlord will have to maintain the property. However, before signing any leases, make sure that you know if you are going to have to pay for certain repair costs or if you’re rent will be increased without notice in order to cover these payments.
You Are Not Tied Down
Renting is, in particular, seen as something that is more suited to young people who do not want to make any big commitments to a mortgage just yet. It is the best option for those who want the freedom and flexibility to move on when they want to whether this be moving to a whole new location for a job or simply upsizing to meet your needs. The longest lease that you usually have to sign is for around twelve months, and this makes it easy for you to pack up and move on should the opportunity present itself to you. Homeowners, on the other hand, have the stress and time-consuming task of selling their home and this could potentially take months to do.
You Can Test Out An Area
Many people really enjoy renting as it gives them the chance to live in many different cities or areas in cities to find out which one they enjoy the best before they jump in and buy. This is a smart and sensible way to decide on where to buy as you can be certain that the area you are buying in meets your needs as you have lived there before. It will also allow you to cross off what you do not like in an area as you end up making a huge financial decision which is a mistake. What’s more, renting is also a great way to try out different styles of homes to see which you enjoy the most. This could be an apartment, duplex or detached house.
It Can Be Cheaper Than Buying
Renting is often the preferred option for many as it can actually be a lot cheaper than buying and this is especially true for apartments. When you buy a house, not only will you have to pay the mortgage and taxes, you will also have to pay for your home insurance and the many other out of pockets costs that continually arise. As a renter, you do not have to worry about these costs and only need to ensure that you are paying your monthly rent.
Now that we have discussed the benefits of renting, it is time to also look at some of the cons of renting too as it is not a living arrangement that is suitable for everyone.
It Doesn’t Provide Long Term Stability
A major con of renting is that it does not provide you with the long term stability that you are maybe looking for as you get older. While a six or twelve-month lease is fine for many young people, those who are looking to settle down and start a family may not enjoy not having that long-term stability in place.
You’ll Walk Away With Nothing
Well, not completely nothing if it is self-furnished flat, but you will only walk away with the possessions that you brought with you. When you rent, you are paying off the mortgage of someone else’s property and this is their financial investment, while you will walk away with nothing.
You Can’t Customise Your Home
Lastly, what many people do not enjoy about renting is that because the property is not legally theirs, they cannot make it feel like their own home. As a renter, you cannot make any extensive changes to the property such as decorating or remodelling. Not only that, if you do want to make any changes, you will have to get this approved by your landlord and you will be liable for the costs. So, if you pay for lots of upgrades to the home then leave, you will not be reimbursed for any of the changes that you have made.
Get In Touch With Image Property
However, the benefits of renting outweigh the negatives for many people, especially when you have access to the kind of properties and back-up service available through us here at Image Property. We’re specialists in the rental property market and have helped many tenants to find their perfect property.
If you like to know more about any of the homes we available to rent here on our website, get in touch with our team today. We’ve an extensive portfolio of high-quality rental properties that are sure to appeal to all kinds of tenants.
Image Property provides property management services in and around Brisbane including south, north, west and east Brisbane. Our expert property managers will guide you every step of the way. Ask us about our properties for sale today.
