---
title: To rent or not to rent - Balwin Developments
description: There are many reasons for and against renting a property. The advantages of renting, say, in the Balwin rental lifestyle estate, Greenpark, are obvious; the healthy, indoor/outdoor living, the top-quality apartment, the onsite Lifestyle Centre, the beautiful surrounds plus so much more. The obvious disadvantage of renting is losing out on the security and potential […]
image: https://news.balwin.co.za/hubfs/Imported_Blog_Media/rent-decision-1-600x339-1.jpg
---

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# To rent or not to rent

 by [Balwin Properties](https://news.balwin.co.za/news-events/author/balwin)

July 31, 2019

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![](https://news.balwin.co.za/hubfs/Imported_Blog_Media/rent-decision-1-600x339-1.jpg)

There are many reasons for and against renting a property. The advantages of renting, say, in the Balwin rental lifestyle estate, Greenpark, are obvious; the healthy, indoor/outdoor living, the top-quality apartment, the onsite Lifestyle Centre, the beautiful surrounds plus so much more.

The obvious disadvantage of renting is losing out on the security and potential earnings of a long-term investment you can call your own.

 

But let’s look on the bright side. The advantages of renting are many:

- Renting means you’re flexible. This is especially good if you’re suddenly faced with change, such as a new job in another city. So it’s the right option if you don’t intend on staying for a long time.
- Renting allows you to live in an area or estate like Greenpark which you could not afford to buy. Purchasing a home is a great responsibility, with many different, sometimes hidden, costs.
- When renting the only insurance you need is coverage of your home’s contents. All maintenance work is for the owner’s account, as is homeowners’ insurance.
- Chances are that, after paying your rent, you’ll have additional money you can invest elsewhere, for example in the stock market or saving to purchase a home in the future. In this way, you overcome the clear downside to renting, which is that, in itself, it offers no wealth creation or return on investment.

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##### [![Thaba-Eco Village – Launched](https://news.balwin.co.za/hubfs/Imported_Blog_Media/article-image_1_thaba.jpg) Videos • October 06, 2020 Thaba-Eco Village – Launched 0 min read](https://news.balwin.co.za/news-events/thaba-eco-village-launched)

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