7 Reasons Why It’s Better To Rent a Home Than To Own It

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Do you prefer to be a homeowner or a renter?

This is one of the most difficult decisions someone has to make in their life. A lot of people want to have their own house and transform it exactly how they wish. As beautiful as it sounds, being a homeowner is definitely expensive. If you don’t have enough money to get it, you can apply for a mortgage, but that will cost you an arm and a leg in the long scheme of things.

However, both owning and renting have their own benefits and disadvantages, and these factors are really important to take into consideration when making a huge and life-changing decision. Choosing between signing a lease or buying a house or an apartment is not easy, but with the proper knowledge, you can make the educated choice.

Speaking of that, buying and renting are substantial financial commitments, but usually in distinct ways, as well as to contrasting degrees. So, in what ways is it better to rent a home rather than buy one? We’ve talked to different people and experts, and this is what we found. Here are a few of our reasons why it might be more beneficial to rent a place to live than to own it.

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5 Responses

  1. You will never make any money renting. I firmly disagree with this article. My wealth came from purchasing and renting real estate.

  2. I think it’s good idea to rent insted bying a house you make point about that there is a big diference to sell a house , to rent one . moving from one state to an order state rent is easier then bying !!!

  3. I’ve lived in an apartment for the last 10 years after being a homeowner for many, many years. The one thing I would add to your list for older adults is safety living in a secure building.

    1. Agree with that statement. Older adults need to be aware of their surroundings, especially when living in a place where there are many people you are unfamiliar with. Thank you.

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