Home ownership means you keep more of your wealth, that you can get to know a community and complete control over the property (assuming you follow the local laws). Nevertheless, home ownership also comes with a price - not just for the mortgage and insurance, but also in terms of time and effort for home improvement chores. If you're renting, you can often just call a landlord when problems pop up. If not,
New homeowners realize quickly that they have a lot less free time on their hands than before they became owners. Home maintenance and home improvement take time. Consider:
Not Too Cold, Not Too Hot
If your air conditioner gives out in your rental, the solution is probably pretty simple: call the property manager. That's also true even if the heater doesn't work well or if you see especially costly gas or electricity bills. If you're the homeowner, this is a major stresser. It might be as simple as replacing the thermostat or air filter, but it could be as big as a pilot light system that has broken, or the gas burner could have broken and you find inadequate cold air intake that will require ductwork.
Roofing
You have to keep a roof in good repair in any building, and upgrading asphalttiles can be a very good idea home improvement task. If not, you could soon have rain cascading through the ceiling and destroying your stuff. But the issues could already be extensive by then. You can also think about how air- conditioned and heated air might be leaking through the roof if it isn't cared for adequately. To make a bad pun, roofing is definitely something to stay on top of.
You Can't Skip Landscaping
It is possible to pay for landscapers, maintain your sprinklers and make sure cracks outdoors don't get too bad, or you have to do it on your own. There are multiple costs, either way. If you rent, you don't have to even notice landscaping. You might enjoy home improvement and yard work, but realize that one of the expenses is spending a chunk of free time in Lowe's rather than kicking back or even skipping town for a vacation. It's your choice - you can opt for on-the-edge-of-uncomfortable conversations with your overly eager neighbors at the hardware store or amazing live music and dancing.
Interior Home Improvement
In the situation of renting, it can be nice to paint the walls because that makes the place your own. When you own though, the home improvement needs of paint and flooring can become arduous toil. Fortunately, as long as you keep everything clean and replace the minor problems as they arise, you won't have to redo the work for a decade or so.
You Can't Get Away From Plumbing
Clogged toilets and leaky faucets are no fun enough if you're leasing a place. Broken or dysfunctional plumbing are one of the most disgusting, even for renters. If you own, it's even worse. Toilets and drains wear out eventually, so they could need replacing. Furthermore, older plumbing might need to be updated with other materials, and plumbing will need changing to make sure there's pressure and drainage. Unfortunately, skipping maintenance can mean extensive damage to the foundation and even your flooring.
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