3. Zero pressure to renovate 

I was in college when I first had a lease. I was living with my best friend in a three-bedroom apartment in downtown Chicago, and it was awful. Of course, at first we thought that the location was great, but there were plenty of things we didn’t take into consideration, such as a lot of noise in the middle of the night, thin walls, and incredibly old furniture. We’re not even joking. The cupboards were so old that one time we opened the door, they simply fell off. We also had mold on the bathroom ceiling, and the window there was so tiny that we couldn’t properly open it.

However, the rent was affordable and the bills were okay, so we didn’t mind leaving there for a year. But we have to be honest and say that the simple thought of knowing that it wasn’t our forever home helped us a lot. And I’m not the only one who thinks so. Many people say that they don’t have a problem with how the place they live in looks as long as it’s not forever.

It’s a lot easier to be comfortable with an outdated kitchen or with wooden floors that crack every time you walk on them when you’re only renting out a space. Things drastically change when you’re the owner of a property because you’re in it for the long haul and you can’t live in a place where things are about to fall on top of you. And if you own a place but you want to sell it, you still have to spend a lot of cash to renovate it if you want to get some good money out of it.