Buying VS Renting

This is an age-old issue when it comes to getting a place one can call his/her own. Both has its own share of pros and cons. If you’re a person who’s currently plagued by such a decision, then you’ve come to the right place to see what path you should take. Here’s a table of what you get when you either buy or rent a home.

Buy a home	Rent a home
Long-term residence	Short-term or temporary residence
More privacy	More chances to catch up with people
Security of children’s future	Easily move out
Bigger living space	*Amenities (pool, recreation area, playground, etc)
You own the land your house is built on	*Some services (pest control, easy garbage disposal, etc)
Take total control of your home’s architecture	Focus time and effort on interior décor only
Own a pet	*If you’re allergic, everyone is obliged not to own a pet
Invite many people over	You get to have an excuse to invite a limited number of people only
Your property, your rules	You only have to spend money on some furniture

(*depends on the landowner’s policies)

Once you have made your decision, what’s next? If you have chosen to build a home, do some research on trusted contractors or property developers like Vista Land and Lifescapes, Inc., Profriends, AboitizLand, Inc. (Cebu), etc. Ask friends because they may know someone reliable working for those companies. Connections can help you really know about what you’re getting into prior spending any money. Read online reviews, too. It’s a matter of typing the right keywords actually. Don’t pay for the building costs all at once, else abusive contractors might get greedy and skimp on quality materials in order to pocket the excess money from the budget you instantly gave. (This happened to my sister.)

If you’ve chosen to rent instead, again do some research. Read reviews about the place you’re planning to rent and about the neighborhood it is situated in. Check if it is accessible to police stations, fire stations, malls, and such. Make sure the commute to/from work, church, government offices, etc., is easy. If you’re going to burn some money on renting, might as well reap lots of benefits from it. Accessibility should be one of the great benefits in renting your target location.

Many are posting about their businesses and services online. All you have to do is dig deep and have enough patience to read. Do not be so quick to make a decision especially since lots of money will be going into building or renting your new home. Always think critically. Even if it’s disheartening, think of the things that might go wrong and from there, you can think about what solutions you could take if such things occur and what steps to take in order to avoid those unwanted things.

Exhaust your resources. Search engines are free to use!

Once everything’s done, don’t forget to hold a house party. You deserve it! Be proud of your home; it is what you have wanted for so long, right?