Buy or rent your home

It is sometimes easier to rent your home than to buy it. It depends on a lot of factors of course. I am super biased. I rather buy more assets than a home and rent the home.

Assume you are buying a more substantial home what if you are renting instead. In London today there are huge transaction costs so unless you really find the dream home renting is easier. If you ever plan to divorce = rent.

Buy the home

Costs to buy and potentially sell in due time?

• Stamp duty different in different countries

Source: https://www.gov.uk/stamp-duty-land-tax/residential-property-rates

Sweden as another example where I have property is 1.25% or 4.25% for Ltd and another 2% if you need a mortgage.

• Legal fees in the UK ￡300-￡1500 + VAT for a simple straightforward purchase
• The actual money to buy it or a deposit (there is an alternative cost to park this money here for a long time)
• Or Additional costs for a mortgage
• Estate Agent fees to sell if you do in due time for whatever reason... We have had quotes from 0.6%-3% + VAT (We have listed more than 50 reasons why people might be interested and motivated to sell)
• Reoccurring interest payments if using a mortgage
• Repairs and maintainance
• Insurance of the building
• And more

Or rent the home

What costs to rent?

• Some kind or application and referencing cost
• Likely a deposit (which you will get back)
• The monthly rent

One million other reasons

• We rarely have one job in one location anymore
• Divorces...

I really don't think people have done a simple table of pro and con why to rent or buy. In addition to this not done a comparison adding up costs and so on.

If you buy property and add time usually statistically that is good.

The whole idea what to do instead with the money again if you buy investment assets for example property that idea I will not expand on this time. The brief reason is that your investment increase in rent, value and so on. The rent can help over time a lot towards the rent you pay for your home if you did rent in the end.

Disclaimer I am not practicing this advise myself as I have done the maths and more to decide. There is also potential to have an income from the homes I have in different ways.

The tough call is to be pragmatic in this emotional buying decision. The more expensive home the greater the transaction cost.

Robert Kiyosaki clearly states that your home is not an asset but a liability that is the case for most people and a lovely way to talk about our home which might be actually owned more or less by the bank and we still need to maintain and pay for it for a hope value in the future?

On that note all the best in your investment decisions, choose wisely who you take any advise from I am not a financial advisor that is not my point - the point is make your homework.