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Having a comfortable place to rest in after a long day of work is an essential factor contributing to how people deal with life situations. Lack of enough sleep and rest physically affects how the human brain and body function. A clear reason why having a house near work or business is important. In the pool of business and career opportunities, how would you know that you have found the right house for you?
A lot of Makati houses for rent or for sale started appearing continuously along with the business establishments inside the city. Somewhere within the long list of houses lies the appropriate house for your needs. Choosing between renting and buying your own house basically depends on your capabilities and needs as an individual or a home provider.
Renting and buying a house both have a list of advantages and disadvantages that varies on the unique situation each individual has. However, being an individual who has just began starting to build a career and family at the same time, renting a house would be a good idea to consider.
House rents are fixed, and they may eventually lead to financial stability. When renting a house, you will not be the sole person to take responsibility in keeping the house structures fine. Landlords or -ladies also takes charge in paying bills (water, phone and electricity), maintenance, and taxes concerning the property. Not attending to these concerns will surely be a subtraction from the day to day stress of work, traffic and pollution. Also, fixed house rents indicate controlled use of monetary resources. This allows the individual (or family) to certainly monitor income and expenses.
In addition, price-to-rent ratio can also be used in determining whether renting or buying a house is the right thing to do during the specific situation. In calculating the price-to-rent (p/r) ratio, you need to find similar properties, one for sale and one for rent. Divide the price of the property for sale by the annual rent for the other property. The answer (N) will be the price-to-rent (p/r) ratio. If the calculated price-to-rent (p/r) ratio is higher than twenty (20), it is advisable to rent a house than buy. In contrast, if the price-to-rent (p/r) ratio is 1 to 15, buying a house instead of renting is a more practical idea to consider.
Renting a house allows more career opportunities to come. Great opportunity knocks only once and whenever a great opportunity presents itself, albeit in another place, the individual would not have a hard time leaving the house. It is easier to move out and find another house near your new workplace than maintaining your own house while living your dreams away.
A change in community also contributes in the individual’s positivity. Renting a house allows the individual to have a breath of different airs. Change in community gives him a chance to further understand himself and his own capabilities and limitations. With a change in the environment, individuals are given the chance to develop social and communication skills. They tend to gain more friends and establish social responsibility within the community they belong in.
Whatever advantages and disadvantages renting and buying a house may have, the decision is still yours. You may want to take a look of these Makati houses for rent and calculate its price-to-rent (p/r) ratio as your basis on your future decisions.
