If you’re looking for flats to rent in Highlands North, Johannesburg, you should be aware of the benefits of being a renter in 2022.
Older generations place a lot of prestige on owning property. While there is something to be said for owning a piece of real estate, the truth is that real estate comes with a host of difficulties. For example, property owners need to pay rates and taxes, which are quite high, not to mention the cost of maintenance.
With that in mind, let us look at some of the rewards that renters might enjoy nowadays and why renting might be the best option for you.
Tax Exemption
One of the best rewards that renters get to enjoy is that they are exempt from property tax. Even if you do not live on a property that you own, merely owning it means that you have to pay the government a certain tax rate every month. These rates can vary depending on the area, but it can become quite expensive.
On top of paying tax and municipal rates, many homeowners living inside sectional titles or security estates also have to pay significant levies every month. Altogether, these amounts add up and can, in many cases, be comparable with average rental rates. This is over and above mortgage payments.
As a renter, none of this is your concern, and you can rather save your money.
Awesome Amenities
Modern-day rentals often come with an array of really great amenities. When many renters share a building or apartment complex, it then becomes economically viable for the property owner to implement luxurious amenities that would otherwise be unaffordable if you lived on your property.
Some of these amenities include things like swimming pools and gyms. For many homeowners, the swimming pool or a built-in gym is simply out of reach. However, as a renter in an apartment building such as those owned and operated by Live Easy, you can have access to such amenities and more, including things like salons, creches and even convenience stores.
Minimal Commitment
Property owners are saddled with mortgages that become long-term commitments, ranging from 10 to 30 years. As a renter, you are not tied into such long-term commitments. The average rental lease for an apartment is usually six months to a year, which is relatively short-term in the greater scheme of things.
As a renter, the reward is freedom and the power to choose. If you decide to take a different job in a different area or simply decide you would like to relocate because you found a better place to stay, as a renter you can do this, whereas property owners are more tied down.
To get the best of the rewards of renting in 2022, check out our Live Easy flats to rent in Highlands North, Johannesburg. Contact us today!