No Tax Benefits. Owner of the house has the advantage of deducting his/her mortgage interest payments and property taxes from the federal income tax, which reduces the final cost of owning a house whereas tenants do not enjoy any such benefits.
Do not have the freedom to decorate or remodel. One of the joys of ownership is the ability to change your environment as per your taste and preference. Tenants have to get the permission of landlord before doing any such thing. If you want to make other changes or upgrade an appliance you’ll have to put in a request with your landlord or apartment manager.
Dealing with landlord. One of the drawbacks that tenants face is to deal with their landlords. Not all landlords are nice people. You may come across someone who are difficult to deal with or unwilling to make repairs in a timely manner; there may be restrictions on things like pets, from their end.
More expensive. Rents have been rising in many cities, so you can face an increase in your monthly housing payment expense as soon as your current lease ends. Each time you relocate (either through choice or need) there will be a cost - moving, security deposit, mail redirection etc.
There is no need to rent when one can own a house. This ownership can be transferred by down payment of 10-20 % of full price and the amount which you used to pay rent can be used as EMI for your own house. ‘Alpine housing’ is the perfect choice for purchasing your house. As its success story for client satisfaction can be well translated through ‘Alpine Housing review’.