Which is the best for me to buy or rent in terms of comfort and safety?
In recent years, 3LD, which are more than 70 square meters in size, have been common despite the fact that the main type of units are much smaller. Additionally, there are areas which can receive supply rather than purchase homes including leasing out old houses. In a single-family house, there are a lot of supplies (distribution) of properties that become the object of purchase. Furthermore, there is a choice to buy land in order to build a house.
If the property whose purpose is to live there comfortably as long as possible, there are a lot of cases that add incremental value, such as sound insulations, energy-saving, measures and facilities of homes, depending on the property. On the other hand, rental property is separated by these types: rental condominium, apartments, townhouses and single-family homes. It is important to check what type of property is available in the area you are looking to move to.
When it comes to housing with a lot of flexibility, purchasing is your best option. There are some detailed restrictions that come with renting, such as using nails and thumbtacks or owning a pet. A single-family house has a lot of flexibility compared to rental condos and apartments. Renovation options are also much easier in a house that you own. If there are any problems within an apartment you are renting, you will always have to go through management and other processes to get your problem taken care of. However, in an apartment, there are many cases that allow you to remodel the interior. However, there are some restrictions for areas such as the balcony due to the fact that it is considered a shared space.
If your job may require you to transfer, or you will be moving often, renting is a better option for you. You will be able to move to your next location without being tied down to a purchased property in an area you will no longer be at. If you are most likely to stay in the same place for several years, it would be better for you to purchase a home. Doing so, you can save expenses from moving new places, such as deposits and cleaning fees.
- If the breadwinner of the family dies, what do I need to do?
In the case of rentals:
Even if the breadwinner of the family dies, you have to continue paying for rent. It is important for you to think if you can continue to pay the cost of living, education expenses and rent with your spouse’s insurance money or not.
In the case of purchased homes:
When it comes to purchase, repayment of the loan will be exempted.
When you receive a mortgage, or housing loan, from a private financial institution, you become a member of creditor group life insurance. As a result, even if somethings happens, you do not need to worry about it. With this insurance, when the contractor of the loan dies, the loan will be exempted. In private loans, it is the duty for you to become a member of a creditor group life insurance, the insurance premium is free in many cases. On the other hand, there is flat 35 which you can enter it by yourself and pay insurance premiums separately.
In conclusion, if there is a high probability that you will move within a short time span of just a couple years, you should rent, but, if you think you will live there forever, you should purchase.
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