Buy or rent? the big dilemma

Both options have advantages and disadvantages

The investment in a home depends on the economic and personal situation of each one. At the moment when it crosses our minds, we have to decide if it is better to buy or rent a home.

All the doubts you may have can be solved by professional advisers who know the market perfectly. We are going to put different points of the advantages and disadvantages that both have:

Advantages of buying a home

1. Revaluation of the investment. Since the market trend is upward and the property is revalued daily. You can also buy a second-hand home, reform it and the revaluation increases, more than compensating for the investment.
2. There is a wide variety of different types of locations. Before buying the house, you will have to decide whether to buy a new house in the suburbs or a second-hand apartment in the center.
3. Whether you buy a new or second-hand apartment, you can later adapt it to your tastes and needs. Although if you prefer to do a great job, it is cheaper to buy second-hand housing.
4. A home ownership is an asset that is inherited and they can decide whether to keep the property or whether to rent or sell it.
5. You have freedom over the home, since the property is yours.

Disadvantages of buying a home.

1. Buying a home is, after all, a debt of many years. For this reason, it must be very clear that you have good economic stability to take care of the mortgage.
2. An upfront sum of money is required to invest. Normally the bank does not give 100% of the mortgage. Normal is 80, although that depends on many aspects. 20% of the total value in cash is usually needed.
3. The purchase generates expenses that are not present in the rent. In addition, most expenses are not exceeded, such as home insurance, community fees or taxes.
4. Buying and selling can go hand in hand with scams. For this reason, it is important to have a company like VILLA-ONE where they take care of everything, since the guarantee that we offer you means that you can be calm when buying the property.

Why buy a home?

1. It allows a lower initial investment and less paperwork than buying it.
2. Avoid expenses such as home maintenance, IBI
3. You can access rental aid
4. Sometimes you have the option to have a rent to own option.
5. You do not need large savings or apply for any loan.

Disadvantages of renting a home.

1. You have no control over the flat (you depend on the owner for any changes)
2. Feeling of instability, since the contract ends.
3. There may be an increase in the rental price
4. The rent does not provide wealth creation or return on investment, since it will never legally belong to you, no matter how many years you are living in that house, it will never be yours.