Owning versus Renting a Home

[Dan Wynn]

I think, up to now, there is still a massive demand for housing. Owning a piece of property means you’re responsible for the cost of upkeep and maintenance and taxes; it also means you have the opportunity to earn profit from your investment. Making improvements and upgrades may increase your property’s value, as do favorable market conditions, such as healthy capital value appreciation or attractive rental yield rates. Owning your own home gives you a great deal of personal satisfaction. Knowing you’ve successfully purchased a house and provided a good place for you and your family to live can be very fulfilling. Renting may give you the satisfaction of having a roof over your head and that your bills are paid, but that sense of personal achievement isn’t there. Renting a home is a lot simpler, but owning one fulfills dreams. Do you agree with this?