So for the most part, I have just covered most of the cons in regards to renting and haven’t talked much about the pros of owning. I myself have never owned so I can’t talk too much from personal experience, but I do have a lot of friends and know a lot of people who do own and I talk to them about it a lot.
Most Common Reasons
The two things that come up the most often when I talk to people about owning a home is that they feel much more secure and like an “adult” now that they own, and that they hope to at least make their money back when it is all paid off.
As far as being an adult, I understand why people would feel this way but I think it is kind of a stereotype that doesn’t hold much weight. Depending on where you live or where you are renting, the costs of renting can be very comparable to owning and sometimes can cost even more. I will say that for the gentlemen out there at least, it may help a little bit to own a house with the ladies and sometimes they very well may look at you in a more manly way if you own. But that is a small and kind of silly reason, isn’t it?
There really are a number of reasons that I find renting to be more appealing than owning your own home. For me, the single biggest reason that I choose to rent over buying a house is that when you buy a house, you are your own landlord.
Not As Great as it Sounds
Now this may sound appealing to a lot of people but when you are actually in this position, it isn’t as glamorous as it may seem. When you are renting a house or apartment, your landlord is always just a phone call away and they are responsible for fixing any sort of damages or problems that you may be having.
Oh, the heater won’t turn on? Call the landlord.
The sink is leaking in the bathroom? Call the landlord.
Someone busted out my window last night? Call the landlord.
This list can go on forever and I don’t know about any of you out there, but I don’t know the first thing about plumbing or construction work and would embarrass myself if I tried to take on any sort of home improvement job like that.
My parents own their own house and even with my dad being awesome at this kind of stuff, he still has to call the repair man for something every once in a while. Just last week they had a leak in their roof and guess who is stuck with the thousands of dollars in bills? Yup, my parents.