There are many arguments which indicate that owning a house is ten times better than renting it.
Even if you have a quote with the painter or carpenter, you can decide the time-frames according to your schedule. You won’t have to ask the landlord for permission. you can upgrade your appliances and the whole house, it's yours to do with as you like.
Privacy and Socializing
You can use this equity for many purposes such as a personal loan, to pay off debt, for hospital bills, for tuition or etc. If you have a good lender and a good credit score, you can refinance a loan on 80% of your home's value and keep the 20% at the mortgage. Refinancing can allow for repairs that raise value; such as wood rot repair, painting or upgrades with kitchens and baths.
Investing in Your Future
For now, everyone reading this might be convinced why owning a house is preferred over living on rent. And just think, buying your own house gives you warm fuzzies, every time you get home.