Rent or Buy? What are the Deciding Factors other than Money?
When it comes to renting and buying, before reaching a final point, you thoroughly analyse the financial constraints of rent vs. buy decision. However, there are several other factors that should be considered and amazingly, they are not related to money. Let' s analyze the rent versus buy option from a different perspective i.e. emotional side, personal choices and the values and attributes.
Quality of Life
Whatever place you choose to reside in contributes to the quality of life, you imagine. Do you like the character of the city life, with its nightlife activities, shopping malls, and crowded places along with its diverse cultures, or do you prefer having the safe, communal lifestyle with green spaces and abundance of open land around? Before choosing an area, learn about it in detail and see whether you will let go your preferences for the sake of owning a place or go with your preferences only.