Although owning a home is a lifelong ambition for many, it is not for everyone. Homeownership rates in Australia are now high, but this hasn’t always been the case. There are many houses for rent in Balwyn available. Traditionally, families had to either build their own homes or rent one from someone else.
While renting has its drawbacks, it also has its benefits. For other people, renting makes more sense because of their financial situation. You will find everything from a stunning property to rent in Canterbury with great views to a property with easy convince.
Looking for a property to rent in Canterbury?
- Zero maintenance and repair costs- One of the huge benefits of renting is the paucity of maintenance bills and repair fees. This implies that if you rent a home, your landlord is responsible for all maintenance, improvements, and repairs. When a gadget is not working anymore or your roof starts leaking, you let your land-owner, who is responsible for repairing or replacing it.
- There are no real estate taxes- Property taxes are not paid by the people renting, which is one of the key advantages of renting over owning. Real estate taxes may be a significant financial burden for homeowners, and they differ by county. Property taxes may be expensive in certain locations, costing thousands of dollars each year.
- No Need for a Deposit- Paying straight up is another financial benefit for the renters. Mostly, the renters have to pay one month’s rent as a security deposit. And that’s typically the end of it. If the property they are renting is left without any damage, the deposit should be refunded to them when they move out.
Utility Bill Savings- Even though home sizes vary, they are often bigger than rental flats. As a result, they are more expensive to heat and their energy bills may be higher. Rental properties often feature a more compact and efficient floor design than most houses, making them less expensive to heat and power.
