Do I still rent? I buy my depa?

Deciding whether to buy your depa or continue renting is not easy to decide. Buying an apartment or house is tempting for many since it is a long-term investment, however, there are many aspects to take into account.

Considerations to take if you rent or buy that apartment.

Renting an apartment or place of housing

Many times we think that rent is synonymous with "throwing money" ... well that is false, a myth, because you continue to use the money in a basic need of housing, in which you will be exempt from paying taxes for property, tariffs or other additional generated by repair, maintenance or unforeseen expenses. Another advantage of renting is that it is more accessible than buying, economically speaking, this will allow you to have money available for other things such as money to invest in your education, retirement or even for the down payment of a future apartment or house. You will also have the opportunity to move when you decide or need, such as if you changed your workplace. A disadvantage would be to have less control over the environment such as painting, drilling the wall, etc. You probably need permission or authorization from the tenant. Without counting that later there could be rent increases.

Buying a house or apartment.

Acquiring one's home is a dream for many. However, there are several aspects that you should consider, these will serve as a guide to know if the option to buy is convenient. Buying a house is an ideal option if you have a stable income, since the payment of the mortgage is like a compulsory savings plan.

Likewise, a house or depa requires future investments due to the care, maintenance, taxes and insurance of it. So it is advisable to consider the long-term outlook.

It is advisable if you plan to stay in the same location for at least 5 years and also have the money for the initial payment (recommended with a minimum of 20%). It is also very important to investigate the rates of credits or financings available for house payments.

In conclusion, the debate between renting or buying has become somewhat obsolete in recent years despite the great growth of housing in recent years in Lima, as it depends on the situation and objectives of each person. However, the most important thing is to learn the rules, adjust the numbers to your possibilities and needs and thus, do what is most convenient for you. Likewise, you can count on our advice to make the most convenient decision.