Sunday, February 6, 2011

Why Renting A Home Can Be Better Than Buying One

By Marie Lewis


If you want to create equity for yourself then purchase a home. Along the way, you might curse why you bought the home as it will be more of a liability than an asset. This the reason why many people decide to rent.

Many people prefer living a stress free life hence they end up renting while others might decide to purchase a home after earning some good money. It's your choice to choose the best option for you.

Alongside your beautiful home cones a huge dollar bill once in a while. You will need to pay for the damages the home suffers as well as the mortgage fee and property insurance. With renting, you don't have to spend a single penny to cater for these needs.

You just have to work hard to clear the monthly payment which never gives you hard time. The rest of the work is done by the landlords when you are busy relaxing.

If you are renting, it's your choice to move out of the house without going through a lot of stress. All you have to do is talk to the land lord from which you can sign a monthly agreement giving you all the rights to shift to any destination of your choice.

A lease agreement can be signed to help you become much more secure knowing that you won't be thrown out of the house without notice. This is why many people decide to rent instead of buying a home.

Homes are so demanding to the extent that if anything does not function properly, it forces you to call in a plumber to fix them which might cost you more money than what you might have paid monthly.

When you are renting, all you do is to pay the monthly payment and even if your water heater breaks down, it's the responsibility of the landlord to fix it.




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