The Pro’s of Renting

(believe me, there are some)

I wanted to write about the benefits of renting because these days it’s easy to forget that there is more to life than saving for your dream home. I forget this all the time so it’s nice to be reminded every so often.

My beautiful garden, which thanks to renting,  I do not garden!

My beautiful garden, and with thanks to renting, I do not garden!

I can easily become disheartened when I leave our tiny rented flat each morning and make my way to work, passing by the gorgeous one-point-something-crazy-million houses and knowing the possibility of owning one of these is non-existent. It’s nice to daydream though, would I buy this £1.7mill house, or that one?

Most of the time I find it easy to stay positive about renting as I know that one day I will be in a position to have the option of choosing which of the two beautiful houses I would like to live in. I would rather wait longer to have that choice instead of buying a small lifeless flat just for the sake of saying ‘Yes, I own my own home!’

I think owning your own home is often seen as the peak of financial success but these days renting is becoming an even more popular choice, and in some cities like London, it is the only choice.

So here’s why I think renting isn’t all doom and gloom:

An important point. It’s so easy to turn a rented flat into a homely home even when only temporary changes are allowed. It is possible to make a place feel like yours without owning it. And I love the challenge of achieving this.

wpid-20150731_184126.jpg

Our beautiful £30 bargain chair from the BHF, spruced up with a quickly sewn cushion with leftover fabric

wpid-20150731_184227.jpg

Yes it can be sad at times living next door to some amazing houses. A huge bonus to this – their gardens make for lovely leafy green views!

You lose a lot of flexibility when you buy a place. It’s so much harder to pack up your things and travel or move to a new country. Almost all of my friends (including me) have travelled. Exploring the world is encouraged a lot more these days and if you are a renter, you can just pack up your things and go (of course you can still do this as a homeowner, but who’s got time for all the fiddly arrangements?)

wpid-20150731_184338.jpg

Another bargain find. Our 1960’s Formica coffee table was just £5 from the BHF.

wpid-20150731_184727.jpg

I decided to give our boring wooden headboard a temporary makeover by creating a cover to pop over it. The floral fabric peeps through nicely to make our bedroom feel more homely and cosy. Getting the wall painted behind it – still a work in progress!

If you rent and you’re unhappy with something, there are ways to solve a problem other than forking out your hard earned dosh to get it fixed.

  • Decide you don’t like the area? How about move?
  • Fancy double glazed windows after you experience a British winter without them? Hmm..I could move?
  • Noisy neighbours who are staying put? You get the picture…explore your town and see what else is out there.
wpid-20150731_185012.jpg

One very chilled out dude.

Make your money work harder by investing it. I live in London and I won’t be able to afford my dream house here for a very long time and I don’t want to buy any old rubbish. So investing elsewhere in the country still gets me on the property ladder, my money is working hard and I’ve suddenly got a lot closer to buying the house of my dreams. My journey into property investment hasn’t left the computer yet and with properties on average doubling in value every 14 years, I feel I would be mad not to invest!

I love our little flat and over the past year we have worked hard to turn it into a home. Of course I would love to own my own home but I am happy to keep that dream in the future for the time being.

Advertisements

2 thoughts on “The Pro’s of Renting

  1. Lovely article 🙂 Couple of proof reading spots: Who’s not whose got time for (just above the table photo) Formica not full mica But otherwise, perfect Xxxxxxx

    Sent from my iPad

    >

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s