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Can't decide whether to rent or buy?

Thursday 22 May 08

Northfields are seeing a healthy number of buyers, including an increase in first time buyers who are all looking for property in West London. However, we are also seeing an increased number of people looking to rent.

The media is still full of doom and gloom regards the current property market. We have seen that the market is actually more positive than what is being reported. Northfields are seeing a healthy number of buyers, including an increase in first time buyers who are all looking for property in West London. However, we are also seeing an increased number of people looking to rent. Depending on your circumstances renting can be a great option. The top five reasons why renting might be a preferrable option to owning are outlined below:

1. If you are only looking to live somewhere for a short period of time, then renting could be cheaper than buying a property.
2. Renters could live in neighbourhood that they might not have been able afford to buy in.
3. If you are on a tight budget, then renting allows you a peace of mind as if the roof is leaking or the heater is broken, that is the landlord's problem and not yours.
4. As a renter you can sample life in a luxury apartment like Cavalier House in Ealing, West 3 Apartments in Acton or Luminoscity in West Ealing, or choose to live in a period home in Northfields W13 or Shepherds Bush W12 or maybe you'd like to live closer to the centre in Ealing Broadway or Hammersmith.
5. If you are looking to buy, then being a tenant allows you the freedom of packing up and going-all you need to do is give your 30 days notice and it will also make your offer more attractive to a seller as you will not be in a chain.

If you would like some further advice about the right move for you, then please call Nathan Alexander on 020 8740 8833