Buying or renting a cottage - which is more profitable?

What is better - to buy a cottage or to rent it? This question is increasingly asked by users who prefer life in the open air. In order to answer it, it is necessary to consider the main points of both legal procedures.
The main determining factor can be considered plans for the house, that is, whether you are going to live in it permanently or plan to come only on weekends or holidays. If you plan to live there permanently, buying your own house will be much more profitable. The same approximate calculations of the cost of buying a cottage and renting it indicate that renting a house for weekends and holidays is more economically feasible.

In order to correctly determine what is more profitable for you - buying or renting, try to honestly answer yourself the following questions:
Do you like country life, can you live permanently in a village and do without the benefits of modern megacities?
Do you need any special style that you would prefer in your house, will you need changes in decoration or layout?
Are you conservative and the most important thing for you is consistency, which means that your own home will be more comfortable for you?

Is it easy for you to change your place of residence, and will you be able to rush headlong into a new home? Or do you prefer stability in your place of residence without the need for constant moving?
Honest answers to these questions will help you understand, first of all, for yourself, whether it makes sense to buy a private house.

Pros and cons of buying a private home
It is logical that young families with small children are less mobile. The need to place them in a kindergarten or school ties people to a permanent place of residence. In our case, we are talking about buying a private house. When analyzing your answers to the above questions, the main thing is to be honest with yourself. This will help you correctly assess the advantages and disadvantages of buying a private house. The advantages of such a purchase can safely include:
no risk of unexpected eviction, as in the case of rented housing;
the ability to make repairs or redevelopment at your own discretion;
living with children and the number of animals in the house does not concern anyone except you personally;
the cost of paying off a mortgage for a cottage or house is about the same as the cost of renting a good house.

But, with all this, there are certain risks. These include:
an unstable exchange rate, which can lead to an unexpected increase in the cost of construction;
an unstable situation in the country can disrupt the scheme of the expected income from which you planned to pay for the purchase of a house. In the case of renting, you can simply refuse housing and move out, in the case of a mortgage, such a suspension of payments is impossible.

Summing up
Summing up the above, we must not forget that the purchase of your own home is an excellent long-term investment. The purchased cottage or house will be inherited by your children and even grandchildren. In addition, if at the moment there is no one to live in the house, you can rent it out, thereby providing yourself with a good additional income.

And you can’t call the purchase of your own home anything other than an investment in a quiet old age. When your pension income decreases over time, you will not have to worry about housing, and even more so you will not have to look for money to rent an apartment or a house, denying yourself everything you need.

Thus, at any opportunity to buy your own home - do not miss your chance to become a happy homeowner and buy your own home. The conclusion suggests itself - if you have the opportunity, do not deny yourself the purchase of a house, become the owner of your own home.