RENTING VS BUYING PROPERTY: Advantages & Disadvantages of both. 

Everything in life depends on where you are currently. I bought a car before I could even rent an apartment because I needed a car more than an apartment due to my job, in essence make the decision based on your circumstances.

Just started my full time job a few months ago and everyone has been pressurising me to buy a house. After this video, I've decided not to, I'll do it when I'm ready.

Money paid to the bond is money saved but money paid to the rent is money lost. A house is like your own small bank where you save your money through paying a bond. If you move to another place, you can always rent out. An asset does not have to follow you where you go.

Finally someone said it; "There is no right or wrong answer."

This is interesting. I’ve never seen buying property as something that would limit my flexibility. Simply because I’ve always been off the idea that I can always rent it out. I’ve spent most of my varsity years renting and I feel like it trapped me. It’s just annoying when you have to serve your notice before you terminate the lease. I’ve also never had an issue with owning properties in different areas. I’ve never thought of buying a property where I want to settle. For me, it’s been from the perspective of investing and security for my kids and myself. I also don’t like the limitations of the rent. I’m old enough to want to drill pictures in my apartment. Your reasons are very valid though. I personally like my freedom and I think there’s more freedom with buying than renting. This is based on my experience.

I love your channel and I’m only 18, I love the wisdom I get here and I’m also an aspiring chartered accountant. I’m in first year😇😋

One of the best property investors I've come across once said "rent the lifestyle ". In essence you instead focus on buying investment property at below market value and then rent a property in an area you would like to live in instead.

Welcome back S’nqo 💃🏾💃🏾💃🏾💃🏾💃🏾💃🏾💃🏾❤️❤️❤️

Well said. You put everyting into perspective. People's needs are different and so should their choices be.

Thank you so much for this vid Mashobane ❤️

I really enjoyed this conversation, my friends and I are always chatting about this. I love renting as a young adult because these are my years of figuring myself out and knowing what I really like. The ability to move anywhere and make it my home for that period is incredible. The other thing I love about renting is location flexibility & that I will never be 23 staying at Sea Point with Sea View or Cape Town CBD walking to Long Street or even renting at Manhattan New York as a 23 year old. Those are lifetime experiences that I will never get to have again at that age and type of lifestyle I would be living. Property buying seems stressful to me rn. My mom has property and the tenants can be annoying at times. Sometimes they have stories of asking to rent at a different date & sorts (she doesnt have an agent as that's an added cost). It seems to be a lot for a young hot girl like me. One can also invest in property through shares and sorts.

Another awesome video, Nokuhle🌟 Learning a lot!😅

This is so interesting and insightful. So so glad I came across your page ! ❤

Absolutely enjoyed this and related to it too🙈

I appreciated your insights from this video, they are an eye opener and very informative 👌

Great video MaKhumalo, 🥰

Ngaze ngasizakala, ngoba sengifuna ukuthenga umuzi nje. Amazing content as always

This video just popped just as we just sold out apartment to rent a house because now we know better 😂 Yes buying is an investment but it only pays off in the long run. Till then it’s a huge expense. When we bought we knew absolutely zero. We only considered the bond cost, water and electricity. Then we learnt after that we still pay levies of (1.2k) + sewerage +pick it up (R450). Meaning instead of the initial 5200 bond payment, there’s another R2500 to consider . Plus there is also maintenance costs, just now we had to retile the place for R13000. We also didn’t consider that there is no public transport in the area and we’re forced to buy cars earlier that necessary. Yes you can get a tenant but the rental almost never covers all the costs. In my area avg rent is R5500pm. Looking at the costs above, this house was draining us. It was a bad Investment. Now we more than happy to rent until we buy our forever home.

Very informative sis, thank you ❤

Value for my data👌🏾💯

This in informative ..Thank you

Everything you said is true. 💯 I’ve rented and I bought a property because I didn’t want to pay someone else’s bond and I was also tired of having landlords because things were always changing and I had no control. Bought a house and didn’t budget for transfer fees and for deposit (10%) was required. I signed a OTP before viewing a property and when I went to view the property had cracks. I was lucky that the bank retracted after approving. So I looked for another property and sold it at a profit later on and yes it took time and a lot of admin to sell.

This was such an eye opener but now I see why renting is better in my case. Let me go and study📚so that I can earn better

Honestly love your perspective. Very different and informative.

Love your content😍😍😍👑

I love how you tackle both alternatives from all perspectives.

Thank you Miss K for the video! Been actually thinking about this 🙌

I am currently renting a garage and planning on buying a property that will generate income for me in the long run. I think it also depends on what you are renting, apartments are expensive hle. Also buying has its own disadvantages.

Thank you for making me think about this through because I wanted to just rush and buy me a house. But now I need to think about my situation😅

This was a great video Nokuhle. I needed to listen to this at this very moment.

Thank you! Definitely buying!

I enjoy your videos so much and our sense of humour is just a cherry on top. Thank you so much for the empowerment.

Absolutely love this content amongst us young people. Also: please continue with these analogies 😂 using kids in an analogy about furniture? funny 😭😭😂

I loved this video, every bit of it was so informative.. I'm so happy that I've found this channel 💞

Thank you for this video, it was very helpful.

I love the fact that you so smart 🙌🤞💯🥰ma K, for now I am renting I can't afford to buy myself a House that could brain damage me,cs ngalala ngadlile, ekhaya ngeke ngikhona uku support, I could even fail my child. In Future I'd love to own 😍 a property for my kids and my family when they want to visit me

love the short an sweet intro

Buying is always a great thing if you are buying for wealth creation.

Thank you for the tips.

Loved this video. Very informative ❤

Great content

Check the are you buy in. Property doesn't always go up in Value. Take Parklands in Cape town: This area is going down FAST and you will lose money if you invest here.

"...when some people don't have a house🤣"... Good presentation sis.

Thank you for this informative video and honestly, there is no right answer to this. Like you said, it depends on where one is in life.

Make a choice and stick to it!!

Hi, thanks for the thorough explanation. which device and app do you use to write your notes?

For me it’s more emotional but I’m about to be worth a lot so I’ll wait till then

Another great video 😀👌🏾 thanks Nokuhle. Do we have a rent-to-own in South Africa, if we do can you please do a video on renting to own property? ♥️

thanks sis.. Great content👌

It’s interesting to see that this generation dose not prioritise ownership.

Hi thanks for the video Please do a video about selling a property

I never skip ads on your videos 🥰

I'd like to know more about renting to buy.... That was very informative

interesting!

Hi have you covered the topic if rent to own ? If not please educate us on that.

Loved this♡ Hi Ma'am, please do a video on "Is it better to buy an apartment or a stand-alone house?"

❤thank you

I so agree…

Muhle lo sisi🤧

Am there I am in Durban and not planning to settle here. I still want to explore differnt provinces before I decide where to settle.

I was looking for property options, and RU-vid suggested this video out of nowhere.

I’m about to upload “home owner at 25” #titledeed

yoh waze wangisiza oe

Lifestyle or legacy it's that simple

Buying a house is better than renting a house plus it's an asset to but a house

What about buying land and building your property?

i get a better deal when i rent, atleast i will have money to throw into my savings account....

I never rented I bought immediately after I felt the need to move out of my parents house Later on I realised the mistakes that I could have avoided if I rented before buying Your videos are very insightful keep on sharing I am loving your content

I'm just here to say "I congratulate you, I congratulate youuu" engathi onke ama video akho now apply to me, from professional bank accounts to buying your first car now renting vs buying :) syabonga ukuba khona kwale channel ngoba Ayyy Adulting :( i scam lento.

Lol 😂😂 i laughed so hard when you said what house are you buying with 400k??😂😂😂

What about building a house instead of buying it? If settling down is the goal.

Buying is not all glamorous as "paying mortgage is money saved, paying rent is money lost". Many lost their jobs and that money saved because they got evicted then went to rent before going back home.

Viewer number 2. Commenter number 1. Haala

Buying far more better than renting so better stay with your parents untill you can afford

Cant afford to buy rn (or rent lol) but I'm here cause its good to plan ahead right?

Thank you ... What is your take on buying an estate apartment to rent it out ?

I think the issue of flexibility is a poor argument. You can still be flexibility while you have bought a property. You can rent it out if you find a job in a different city or province. If you don't like renting out your property (like me), you can simply leave your unit fully furnished and you can use it for accommodation if you visit that province or city. Just leave it for capital growth. Just keep checking it now and then. Again if a neighbor hood turns bad, just liquidate it, SELL IT. I have sold a property because of a bad neighbor hood!

What about buying land and building your own house

The kid analogy😹

I don’t know why would an old lady me consider renting

I bought a house on auction and it was much cheaper (purchase price) than a checking for houses on property 24

Does anyone know if levies and taxes are the tenants responsibility?. I've never rented so I'm seeing levies and taxes which is confusing.

Clearly those who agree with her did history at school.

Mina I dont care ngama property and all that Mina ngizibonela a good woman engingamenza umfazi, You just my type wena🙆🙆

Okay but what about building a house from scratch which one is cheaper buying or building?

Renting is a waste of money No value over the long run You will keep on moving till you are 50

There's this crypto currency company I invested 1000$ in and I made 4300$ its safe to say crypto currency is the fastest way of becoming finicially free

I’m a young professional and it does come with a lot of critical decision making. I just moved out of home and I’m currently renting, I get a lot of people telling me it’s better off buying but after this video I’m definitely taking my time. May you please consider doing a video on available housing subsidies for first time home buyers, if you haven’t, I’m a new subbie🫶🏽

Thanks l love yr content can l have your email would like to ask something