When you do not have huge money at hand, you are left with no other choice but to rent a place to stay in. This option will allow one to dispense smaller amount of money. However, it comes with the disadvantage of giving your family discomfort and inconvenience in the instance that the size and style of the place do not suit your lifestyle.
Perhaps, your family has been staying in the same property for a couple of years. Your landlord may then allow you to carry out some home improvements. This may sound sweet but hidden problems could spring from this when details are not laid out clear. Even though the landlord himself permitted your home renovation project, is the local government going to permit it? As we all know, you can be sued for violating one or a couple of laws related to renting. Violations of such laws can be very very expensive.
Moving forward, reflect on whose going to pay for the renovation. More often than not, landlords would not to spend even a single centavo for leaking ceilings, faulty wires and chipping walls among others. Nonetheless, they welcome improvements funded by the tenants because they see these as added value to their place which can attract future renters to their advantage. And you can never bring away with you whatever you attach or get fixed for your rental home.
In my opinion, renovating a rental home must only be done when it is a matter of life and death. If the situation is otherwise, simply choose to save the renovation budget you have for purchasing your new home. That way, you get the assurance of investing or spending on a property you yourself ow.