One of the benefits of renting or leasing rather than owning is that you don't need to spend hours every week on home improvement - whether it's a broken pipe, worn-out appliances or degrading grout, it's not something you have to deal with. But you miss out too, with no opportunities for home improvement, including everything from whole house remodels to minor repairs and upgrades. It really depends on the life you dream of and the amount of funding and effort you're up for.
If you're renting but you are interested in buying a home, take into account some of the issues that you'll have to address yourself, especially if you choose a single-family home:
Not Too Cold, Not Too Hot
If your dryer gives out in your rental, the answer is probably pretty simple: call the property manager. That's also true even if the furnace doesn't functionenergy bills. If you're the homeowner, this is a major stresser. It might be as simple as replacing the air filter or thermostat, but it could be very expensive, like a circulator fan that has stopped working, or the gas burner could have busted and you find insufficient cold air intake.
Look Up to the Roof
Taking care of a roof is paramount to home maintenance, and repairing asphalttiles can be a very good idea home improvement task. Otherwise, expect rain coming from the ceiling and damaging your things. But the problems could already be major. You should also take into account how air- conditioned and heated air might be going through the roof if that roof isn't maintained properly. To make a bad pun,
Home Improvement Includes Landscaping
It is possible to pay workers to do your landscaping, maintain your sprinklers and fix driveway cracks, the only other way for homeowners is to do it yourself. Unfortunately, that takes not only time but also a money investment. For renters, no such trouble exists. You may be earning equity as a homeowner, but one of the costs is weekends spent in the hardware store rather than kicking back or even showing off that house you love. It's up to you - you get either friendly and slightly awkward conversations with your nosy neighbors or amazing concerts and dancing.
There's Always Indoor Upkeep to Remember
In the situation of renting, it can be fun to paint the walls because that makes the place your own. When you own though, the home improvement projects of paint and flooring can soon seem to be annoying toil. Fortunately, as long as you keep everything clean and replace the minor problems as they arise, you won't have to do it over again for several years.
Plumbing Issues Are Unavoidable
Toilets that won't flush and sinks that wont' drain are no good enough if you're leasing a place. Broken or breaking plumbing are both inescapable and horrible. If you own, it's even worse. Sinks and faucets get too old over time, so they could need replacing. In addition, original pipes might need to be changed over with better, safer pipes, and plumbing will need changing to make sure there's water pressure. Far worse, though, is the fact that letting things go can lead to serious trouble your walls, cupboards, framing and much more.
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