ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Life dilemmas - Buy or rent?

Updated on September 15, 2012

Buy or rent?

Start making decisions on your future home.

Would you rather rent or buy a house? Both options offer many advantages and disadvantages so if you are just starting to decide your next move you should really consider all aspects of this important issue.

It is so hard to decide. After all, this is a big step towards improving your life quality. Buying or renting could be equally beneficial. Check out the guidelines provided below:

1. To buy a home

When you buy a home, you instantly become the proprietor. This definitely offers great pros. As the sole owner you get to decide how your place is designed from scratch, you have the ability to add features according to your likes, offer your home to guests, and be a landlord yourself. Another advantage is having and taking care of pets with no restrictions. Additionally, you can make investments and make passive income which is great, isn’t it?

One huge problem though, is definitely the cost of buying a new home. It is so expensive! If you are not in the position to have enough cash to buy the property, you are likely to end up getting a mortgage. This is a very bad situation as you may not lose your home but you need to find ways to make more money in order to pay the closing fees. Sometimes this leads to a dead end.

2. To rent a home

When you rent a home, you make a strategic decision to pay, usually on a monthly basis, a rent to the property owner. You sign a contract with the landlord and you pay rent in exchange for having the right to stay on their property but you still have limited privileges. This means that you must follow the rules of the owner and under no circumstances make any changes to the house unless he or she agrees.

To analyze, all changes or room modifications are 100% subjected for approval. If the contract and law allows it, you may sometimes have the right to ask for consent. Moreover, most times there is a limit on how many people can live in the rented house and in some cases animals are not allowed or may be subjected to certain limitations.

On the contrary, the repairing and maintaining of the property is the owner’s full or partial responsibility. A great advantage that contracts can offer is that you may even achieve to exclude yourself from paying the gas company, internet access and other utilities. This can save you a lot of money in the long term.

More or less, it depends on the situation and the persons involved deciding whether renting or buying a home is the best option. Renting is good if you move a lot or if you want to “test” the house before you buy it. Buying is for those who can afford owning a place and are settled.

What would you decide?


    0 of 8192 characters used
    Post Comment

    • beadreamer247 profile image


      6 years ago from Zephyrhills, FL

      A lot depends on the current economy. Currently I would be a little worried to buy, because the prices are not stable at all....renting is quite expensive compared to buying, but has dropped a little....but at least it cannot take away your home. You can move out and live at a cheaper place, but don't have the fears of loosing your home with all the legal aspects affecting you.


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)