Majority of us grew up believing that if one is a tenant then that person is a failure. Imagine telling your dad this “daddy when I grow up I want to rent a big house in Lekki\u201d you might end up in a religious deliverance session.<\/p>\n
Contrary to popular assumption renting is not a taboo and in some cases renting is the best option, see those cases belo:<\/p>\n
Easy Mobilization:<\/strong> For some people settling and starting a family is a major priority, but for others who are never permanently in one place renting would serve you better. You don\u2019t have to pay mortgage for a house you haven\u2019t set eyes on for a while. You can get that overseas job, relocate at anytime, explore life, live on the move… etc<\/p>\n Fewer Expenses:<\/strong> It\u2019s the property owners responsibility to pay for the upkeep of the house. It can be very difficult maintaining a house and some people use all their monthly earning to fix the pumping machine, heater, pay house bills or other expenses that comes with owing house. As a tenant you can sleep in peace without worrying of such.<\/p>\n You can live in that fancy environment<\/strong>: For some people, living in the trendy suburb and paying mortgage might be too expensive but renting would be more affordable. You get to be a walking distance from the best restaurants, bars, cinema, shopping mall and other recreational centers. You also network by meeting new prestigious people who can also motivate you.<\/p>\n Renting can be cheaper: <\/strong>Renting can be more affordable than buying; people buy houses as a means of forcing savings by buying a property they don\u2019t touch than bank account they can have easy access to. This can be good but high interest bank accounts that can be more lucrative than owning a house. My point is that renting isn\u2019t a bad idea if you consider the above reasons<\/strong><\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":" Majority of us grew up believing that if one is a tenant then that person is a failure. Imagine telling your dad this “daddy when I grow up I want to rent a big house in Lekki\u201d you might end up in a religious deliverance session. Contrary to popular assumption renting is not a taboo […]<\/p>\n","protected":false},"author":43,"featured_media":583,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[264],"class_list":["post-582","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-guides","tag-renting","types-case-study"],"_links":{"self":[{"href":"https:\/\/privateproperty.ng\/news\/wp-json\/wp\/v2\/posts\/582","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/privateproperty.ng\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/privateproperty.ng\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/privateproperty.ng\/news\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/privateproperty.ng\/news\/wp-json\/wp\/v2\/comments?post=582"}],"version-history":[{"count":2,"href":"https:\/\/privateproperty.ng\/news\/wp-json\/wp\/v2\/posts\/582\/revisions"}],"predecessor-version":[{"id":3694,"href":"https:\/\/privateproperty.ng\/news\/wp-json\/wp\/v2\/posts\/582\/revisions\/3694"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/privateproperty.ng\/news\/wp-json\/wp\/v2\/media\/583"}],"wp:attachment":[{"href":"https:\/\/privateproperty.ng\/news\/wp-json\/wp\/v2\/media?parent=582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/privateproperty.ng\/news\/wp-json\/wp\/v2\/categories?post=582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/privateproperty.ng\/news\/wp-json\/wp\/v2\/tags?post=582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nMany experts concluded that it is better to rent by putting extra cash in high returns investment bank account rather than buying property.<\/p>\n