Buy or Rent?
There are plenty of reasons to buy a new home rather than rent. Here are just a few:
- Under the scheme a new home can cost considerably less per month to buy than to rent. For example, a two bedroom flat in Thatcham, West Berkshire could cost 15% less and a four bedroom house 22% less.*
- There is nothing quite like owning your own home, where you can invest time and money in the knowledge that it belongs to you and not someone else; a place that will reflect your personality not your landlords.
- You will have complete control and will not have to depend on someone else to service your home and carry out minor repairs
- A new home is guaranteed for ten years and comes fitted with brand new carpets, kitchen, bathrooms and white goods
- A home is a long term asset. The market might be a little uncertain right now, but in the medium and long term history proves that house prices always rise.
- Only one thing is certain about paying someone rent – it is money you will never see again!
* based on our own calculations, actual costs may vary
