If you have ever rented a home before, you’ll know that it comes with limitations. We asked home buyers and homeowners what their biggest frustrations with renting have been.
Topping the list of frustrations in our survey, was not being able to make changes to the house, such as painting walls or hanging pictures. Almost 50 per cent of respondents said this as their number one objection.
And of course it is. While a house at its core is shelter – a place to sleep and be safe – it should also be a home. It can be difficult for renters to feel at home in a house that they cannot entirely tailor to their wants and needs.
The number two gripe, at 33 per cent, was the fact that they knew they would have to move house again soon. While almost a quarter of respondents said not being allowed pets was the biggest annoyance. Coming in at 16 per cent felt it was the fact that their landlord was a nightmare.
Does any of this ring a bell?
Not being able to own a dog or make small changes to the house, as well as the inconvenience of dealing with your landlord’s decisions, are all common frustrations when renting. As a tenant, your landlord controls what happens to the property. They may unexpectedly decide to sell or move into the property once your lease ends, which will mean you’re on the move again.
Despite the frustrations, data from the Australian Bureau of Statistics shows that fewer first homebuyers are making it into home ownership. In the 12 months from October 2013 to September 2014, the number of homes purchased by first homebuyers was 7421, compared with 6193 between October 2014 and September 2015.
These figures highlight the dilemma that many young people are facing - paying rent is impacting on their ability to save enough money to meet the upfront costs of buying a home.