In part 2 rent vs. buy we give you the low down on what exactly the benefits are when it comes to buying or renting. To find out more about home loans contact us on 0861 106 204

1. To Rent or Buy? There's More to It
than Money
Part 2

2. Tailored Designs Vs. Less Work

3. Purchasing a house gives you the option to choose a unique and specific
architectural design and to personalize it. But this freedom comes with
the liability of staying up to date with maintenance and repairs.
Homeowners simply can't avoid the need to cut the grass and fix dripping
taps.
If you prefer to spend your weekends relaxing in the park instead of
strolling the aisles at the local hardware store, you might want to
reconsider buying a home - unless of course you can budget a substantial
amount of money to hire some help.

4. Even though renting gives you no control over exterior designs, you don't
have to worry about dealing with deterioration and tear on your
residence or problems resulting from bad installation.
Renting still gives you plenty of opportunity to choose furnishings and
decorate your interior area in a manner that suits your style. And, as a
renter, all you have to do when something goes wrong is inform your
landlord.

5. Emotional Satisfaction vs. Less Worry

6. Homeownership is typically referred to as "the dream come true".
There's just something emotionally alluring about putting down
roots, getting involved in the community and having a place to call your
own. Obviously, homeowners also need to worry about the long-term
character of the neighborhood and keep up with maintenance in order to
maintain property values.
If you're simply trying to find a place to rest between days at work and
nights hitting the town, renting may be the perfect answer. Just keep
paying the rent and let somebody else do all the worrying.

7. A Personal Decision.

8. Unlike the financial aspects of homeownership, the elements that
concern your lifestyle and values cannot be calculated online with some
mathematical formula.
If you can make the rent payments or qualify for the mortgage, you can
live anywhere that you want to live.
But purchasing a home is a decision you should take some time to
contemplate, determining how its location, amenities and need for
repairs will affect your lifestyle and general emotional satisfaction.

9. That's it from us! Thank you for watching, be sure to pop in
for more great tips coming soon.
For more on our Home loan services visit our website at
www.gpfmortgage.co.za or contact us on 0861 106 204