renting

  • Time to escape the dead weight of renting

    Time to escape the dead weight of renting

    At a certain point in your life, you need to think about how you’re going to stop renting and start buying. Renting, as you may have heard, is dead money. What this means is that you’re paying for something and in the long term, you’re not getting any benefit from it. You might also be spending extra money on the property that is ultimately going to benefit someone else.

    For instance, you may have been renting a property for a few years. At a certain point, you might start to think about making improvements and completing renovations. This could ultimately end up costing you thousands and eventually you’ll move on. But, when you do, you won’t see the benefits of the money you put into the property. It’s the landlord who will benefit from your hard work and cash.

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