It’s true to say that over the years; many people who have bought properties have made large amounts of money due to the rise and rise of property prices.

But it hasn’t all been good news. Many property owners and investors have also lost large amounts of money due to bad investments and choices.

But regardless of whether you may, or may not, make a financial gain from buying a property, there are still many people who choose to rent, rather than own their homes.

The choice to rent can be for various reasons e.g. cannot get a deposit together, travel around a lot and don’t want to be committed to one geographical area, cannot get finance due to bad credit rating, worried about interest rates and not being able to pay a mortgage, don’t want the hassle of repairs etc. The list goes on.

So what are the main advantages to renting your home rather than buying it?

Renting Gives You Time To See If You Like An Area.

Often, when you move from one area to another it takes a while to get used to an area and decide which parts of it you prefer.

Renting is great for this. Even if you have spent time driving and looking around an area, it isn’t until you’ve lived there for a while that you can truly see what it has to offer in comparison with the surrounding areas.

Renting Offers Fixed, and Sometimes Lower, Costs.

Although it is true to say that if you are paying rent it can be hard to save for a deposit on your own home, it is also true that the many costs involved in renting a home are generally lower in comparison to paying a mortgage. Renting therefore can often mean it gives you time to save money.

One of the greatest advantages of renting a home, especially when your family is young, is the potential savings associated with paying a rental fee rather than a mortgage payment.

Another plus, is that although rents to go up from time to time, they usually increase slowly and in increments. During unstable economic times however, mortgage interest rates can shoot up to a level that you may not have foreseen when you purchased your property and cannot possibly afford.

No Repairs or Maintenance Costs.

When you rent a home all of the repairs will remain the responsibility of the landlord. This means that when there are problems with the heating system, the boiler, the electrics, damp issues or the plumbing etc, the landlord is responsible rather than you. Even many of the appliances are the responsibility of the landlord if they came as part of the contract (e.g. integrated appliances).

When you are the homeowner, however, the repair costs and other burdens are yours alone and believe me, those costs can really mount up and get prohibitive.

Short-Term Commitment
Buying your home is a long term commitment because the process of buying and/or selling is not only time consuming and stressful it is also a very expensive process.
You normally rent a property on a six or twelve month lease meaning that if you need to keep moving around or don’t like an area you can move from one property to another much more easily.
Conclusion:
Whilst many people hate the idea of giving their ‘hard earned cash’ to a landlord, there are most definitely many goods things associated with renting a property and is still the choice of many people for many reasons.

Oxford is a busy sophisticated city famed throughout the world for its University and place in history.

Oxford Is Full Of History and for more than 800 years, it has been a home to royalty and scholars.

Since the 9th century Oxford has been an established town – even though the city has been populated for thousands of years.

Oxford architecure reveals an example of every British architectural period ever since the arrival of the Saxons.

Oxford is referred to as the “city of dreaming spires”, a phrase used by poet Matthew Arnold in reference to the pleasant architecture of Oxford’s university buildings.

Modern Day Oxford

Oxford has a diverse population of around 165,000 and with a great mixture of ancient and modern, there is plenty to keep both the tourist and resident engaged and happy.

Those of you who are keen on history and architecture, Oxford offers numerous historic buildings, colleges or museums to visit, enabling you to soak up some if its abundant history.

When going for a drink or a meal in Oxford you are spoilt for choice with the many restaurants, bars and pubs. One may also take in a show or shop till you drop by way of the huge choice of great shops.

Regardless of whether you’re visiting for business or pleasure you will discover a broad choice of accommodation with numerous hotels, guesthouses, and self-catering apartments.

In addition you have a choice of boat trips or punting on the River Thames, entertaining guided walking tours – or you might like to take the children to see where scenes from the magical Harry Potter films were made.

Additionally, why not try an open-top bus tour and soak up the city’s architecture and Oxford’s heritage.

If you decide you want a slower, calming stay you can simply wander around the streets of this world famous University City soaking up the surroundings.

The best thing is, most of Oxford’s attractions are either free of charge or very inexpensive.

Should you be staying in the Oxford area and would like to venture further afield and do a little more, Oxford City is a only a brief distance from many other surrounding attractions and the capital city of London.

Oxford City honestly does have it all!