We have been renting since time immemorial OK I was just kidding. We have been renting for about 8 years now. Of course, we do have a plan of building our own house (next year perhaps haha) but renting as just easy when we were starting out. Our first apartment was a 2 bedroom unit (one big bedroom and one small bedroom) with no railings on the staircase. The second one is almost the same, first and second apartment is located on the same compound. Third apartment is the one we’re renting now. It’s bigger than the first and second one but it’s a two bedroom unit still.
I can say I am quite happy with this place but you know there are times that I wish we already have our own house. So what is the pros and cons of renting out?
The pros, it’s cheaper to shell out the rent than monthly amortization. Of course in the long run, it turns to be a con. Renting out will give you a feel of how it is to have a house. Think of it as a learning experience You would know what part of the house that needs more investment than the other parts. You will know if a certain material for a kitchen cabinet is durable or not. You can even ask around for discount kitchen cabinets, in case you will start building your own house.
Renting out is like having a house that you can experiment with. A house that will teach you what’s the best option in case you start building your house.
