3 Reasons why Renting Could Be Better Than Buying

Owning a home or having their own home is a lifelong dream for most of the people in this world. In Fact most of the people work their whole life for the same reason and sometimes we think why eat your present peace for a future fun. And to be honest, there are top reasons why renting could be better than buying. No matter what you choose, both renting and buying have their financial advantages and disadvantages at the same time. But the point is owning a home isn't right for everyone. Especially for students or individuals who travel places because of their work requirements. That's why many categories of people look for apartments for rent in Oakland CA and other areas on Raj Properties. Let us have a look at some reasons why renting could be better than buying a home. 

1. No Maintenance Costs or Repair Bills

One of the major benefits of room for rent oakland is there are no maintenance costs or repair bills you need to bear until you have done the damage. When you rent a property, it's your landlord's responsibility for all maintenance, improvement, and repairs. For instance, if your roof starts to leak in the middle of the night, all you need to do is to call your landlord who will find a way to fix or replace it. On the other hand, as a homeowner everything becomes your responsibility. You need to find extra time for home repair, maintenance, and renovation costs and it can be pricey. 

2. Access to Amenities

Another financial benefit of choosing one of the apartments for rent in Oakland CA is having access to amenities that would otherwise be an enormous expense. For instance, living in an apartment or a gated community will help you get luxuries such as in-ground pools or fitness centres with no additional charge to tenants. On the other hand as a homeowner you will likely have to spend thousands of dollars for installation and maintenance to have access to these amenities. 

3. No Real Estate Taxes

If you are working on low income or just kickstarted your career then living on rent is the better idea rather than paying high mortgage and monthly EMIs to the bank. Even the real estate taxes can be a hefty burden for homeowners and vary by country. In some areas the costs associated with property taxes can amount to thousands of dollars each year. With new construction getting larger and larger, property taxes can be a burden to new homeowners. 

Endnotes

Apart from these three reasons, you also get the benefit of not having to pay any down payment(any upfront cost), no concerns about decreasing your property value, and flexibility to where to live.  We hope the information is useful to you and you will find the best Oakland houses for rent for you and your family.