Why People Choose Renting Instead of Buying a Home in San Pedro, Laguna?

Owning a home in San Pedro, Laguna is one of the lifelong goal of many people. They work hard to achieve this goal as it is also a measurement of success. While many strive to have their own home, there are also people who prefers renting. They believe that renting is better than owning a home. It is true that it has an edge when the economy is not so well.

There are more financial benefits in renting. If in case there are leaks in the roof and needs repair, the landlord is responsible for the repair and maintenance. You do not have to pay for the repair. But if you are the owner of the house, you have all the obligations and responsibility in fixing what needs to be fixed. You need to pay for the repair, renovation and maintenance.

When you own a house in San Pedro, Laguna, it is necessary to pay for the real estate taxes. The tax will depend on the size of the property. The bigger the house, the higher the real estate tax.  So obviously when you are renting, you do not have to worry about this thing because it is the landlord’s burden. It can save you a lot of money.

Unstable market discourages people in buying a house. The value of a property goes up and down depending on the current economy. The homeowners are really affected. If you are renting, you are not affected at all. The value of a property in the market regulates the property tax.

People are not always financially stable. If you are renting, it is easier for you to adjust your way of living because you can move to a house with lower rent. It is difficult for a homeowner because it is not easy to walk away from an expensive house in San Pedro, Laguna. If they have decided to sell it, it will cost a lot of money because of the buying and selling fees they need to pay and consider.

Owning a home is also rewarding for the long run but because of the advantages of renting, people prefer renting. The choice is really in your hands. Decide wisely for you and your family.