Perhaps that is the question that many people ask themselves when thinking about acquiring a property. Which is better: buying a house or renting one? On the one hand, acquiring a good can give its benefits, but others find it more comfortable to pay a lower value for a lease.
Century 21 Smart real estate consultant Beth Parrales comments that everything is based on the life project that each family or person has. Since this is not a decision made lightly and several factors must be considered.
However, she defines that buying has its advantages. “Buying is more beneficial, since renting is a concurrent expense in which you are not paying for something that will be yours in the long run,” says Parrales. It is an own good that represents an asset. In the long run, it is an investment.
On the other hand, Natalia de Santiago, author of invest in you (Planet), revealed for fashion that renting is not negative for everyone. “Buying a house that you cannot afford or mortgaging beyond your means can be much more expensive than renting.”
According to advisor Parrales, if the person does not have a well-defined plan for what they will do in the future, it is better to rent, since they may intend to travel or live in another city or country. “But if your sources of income and stability are established in Guayaquil, for example, it is better to buy there,” emphasizes the real estate consultant.
Advantages of buying a house:
– It is an investment that will grow over time
– Build a saving habit
– There is the option to rent it
– The freedom to use it as you wish
– It is a roof for life
Advantages of renting a house or apartment:
– Low costs
– You can change places whenever you want
– You do not need to invest in furniture or decoration
– You will not have a large debt on you
However, Parrales emphasizes that renting a house will only provide benefits for the limited time that is paid. (I)
Source: Eluniverso
Paul is a talented author and journalist with a passion for entertainment and general news. He currently works as a writer at the 247 News Agency, where he has established herself as a respected voice in the industry.
