Renting or buying a country house - which is more profitable?

Everyone presents their ideal home differently. For some, it is a small, cozy apartment in the city center, while others dream of living peacefully in a large private house, away from the city bustle and cars.

The trend of recent years shows that there are more and more people who prefer life outside the city. There is clean air, silence and birds singing. The growing demand contributed to the revitalization of the suburban real estate market, as well as the active development of the construction of cottage villages both within the city and across the region. Today, Ukrainians can buy or rent a country house without losing the comfort of an urban environment. Simultaneously with the construction of houses, infrastructure is being created in the village, a convenient transport junction and a protected area are provided.

Gone are the days of villages where there are no grocery stores within a few kilometers and residents have to put up with interruptions in electricity, water and heating. Today, Ukrainians can enjoy the peace and harmony of suburban life, without worrying about the risk of suddenly being left without electricity and other amenities. By the way, if you decide to quickly buy an apartment in Kyiv, we recommend contacting the best elite real estate agency THE Capital.

What is more profitable: to buy or rent a country house?

Today, Ukrainians perceive country real estate not only as an alternative place for seasonal recreation, but also as permanent housing. Own country house means more personal space and good ecology. But since having your own home is an expensive pleasure, more and more consumers are thinking about the question: is it better to buy a country house or rent? There is no specific answer here, because different people have different capabilities. However, let's consider the pros and cons of buying and renting a country house.

See also: Power of attorney for the sale of an apartment.

The obvious advantages of buying a country house include:

1. Exclusive right. You buy ownership of a residential building and no one else can claim it.
2. Possibility of repair, reconstruction and modernization. In other words, your house is your rules. In your house, you can make repairs to your taste and, if necessary, redevelopment.
3. Free flight of fantasy. You can furnish the house to your taste and choose the interior design. You can calmly buy furniture and appliances, and not think about how to transport them from the rented house.
4. No ban on keeping animals. You can have more than one pet. And you don't need to ask anyone for permission, you just take and start. If you live in a private house, you have your own plot, you can even have a dog of medium, large or very large size, and build an aviary or a kennel for your pet in the yard of the house. No one can forbid you from this.
5. Passive income. If necessary, you can rent out your country house and receive a good monthly or daily income.

The only downside is that not every person can afford to buy a country house. And in such a situation, a long-term lease would be the optimal solution. Although rental housing prices remain relatively high for some renters, they are still lower and more affordable than a down payment on a mortgage.

See also: Taxes when buying an apartment.

The choice of country houses on the rental market is large, you can choose an object in different districts of the suburbs and region at an affordable price. And all the nuances of accommodation can be discussed with the landlord. Most owners of country houses always go to meet the tenant on many issues. Subscribe to our real estate blog updates and get the latest posts from THE Capital real estate agency.