Reducing Rental Risk since 2008
Rental Rage Relief - Reducing Rental Risk
Pros of Renting Property in South Africa:
More flexibility to move from one place to another without the burden of selling a property.
No long-term financial commitment or need to save for a down payment, making renting a more affordable option for those with limited financial resources.
Renting can provide access to properties in desirable areas that may be unaffordable to purchase.
Fewer responsibilities for maintenance and repairs as they are usually the landlord's responsibility.
Cons of Renting Property in South Africa:
Renting can be more expensive in the long run compared to buying a property, as rent prices can increase over time and there is no opportunity for equity building.
Lack of control over the property, as landlords may dictate what changes can be made to the property and when.
The possibility of eviction if the landlord decides to sell the property or terminate the lease agreement.
Renting may not be a viable long-term option for those who want to build equity and own a property.
Nic Campher
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