Renting a property is a normal way of life, so is buying. Buying has, most of the times,
been favoured over renting. Some consider renting a waste of time while others consider
buying as an investment. The decision to buy or rent is not just as straightforward, many
factors are considered.
That is because cost is not the only consideration. Lifestyle, age, work situation, desired
location, fitness for purpose (in commercial), type of business (in commercial) and
readiness to settle down for the long haul are some of the factors that must also be
evaluated when buying a property. The state of the economy and economic activity also
has a bearing. Inflation impacts the cost of rent as well as interest rates when taking out
a mortgage. A closer look at the renting vs buying question reveals just how complicated
this decision can be.
For more, follow us on our Facebook Page, New Age Properties Zimbabwe as we shall be
giving deep insights into the real estate industry in Zimbabwe.
