To all the renters! Have you had it with your less than considerate neighbors that blast loud music, make strange noises and take away any feeling of privacy? Are you sick of waking up at 3:00 a.m. to what sounds like a safe being drug across the floor? This hilarious video captures what your neighbors might be up to and 4 reasons it might be time to buy sooner rather than later.
In addition to lousy neighbors, here are 4 more reasons why renting stinks!
FLUSHING YOUR MONEY
Every time you send in your rent money, imagine flushing it down the toilet. You get nothing for all that money you spend in terms of your future - what's spent for rent today is spent for rent today, and that's it. You won’t get anything back when you move and will most likely lose some of your security deposit too.
Maybe your water is just barely lukewarm or perhaps the ancient stove takes 4 hours to boil water. When things break, you have to contact the landlord to get anything fixed or replaced. They may or may not respond in a timely manner and the “fix” may or may not actually fix it. You have very little control over the space and comfort level because you don’t own it and they know it.
LIVING WITH OTHER PEOPLE’S CHOICES
You might be living with an outdated kitchen or stark white walls you are not allowed to paint or hang things on. When you rent, chances are you can do very little to make the space your own. You pay all sorts of money to live there, but it is hard to feel like home when you must live with other people’s choices.
Sure, you might have signed a lease. But when that lease is up, you can be asked to move. Your landlord might decide to take advantage of the booming real estate market and sell the house/condo. If you do get to stay, your landlord will most likely raise your rent. There is very little security and your future isn’t in your control.
Many renters think they can’t buy a home and have to put up with lousy neighbors and renting issues, but this might not be the case. It might be time to talk with an agent at COListings to get the facts and run the numbers to see what you can afford. Our agents only work with reputable lenders to make sure you get real answers and make smart decisions. If you know that renting stinks, contact us today!