Renting definitely has benefits that cannot be overlooked. You can usually walk away from a rental, at little to no cost, with 30 days' notice. Renting costs also appear to be less costly per month. And - you may not have to deal with the cost of utilities breaking or mess with mowing the lawn and keeping up the flowerbeds. However, renting has deficits... In the end, you will have nothing but receipts to show for the money you poured into renting. Rent payments also elevate with inflation, where mortgage payments are fixed. Your redecorating and renovating options are limited when you rent, and even if changes are made, the landlord is the one that benefits. Your fear of not being able to pay the mortgage bill equally applies to renting because a lack of money in either situation means no roof over your head. Either way you have to pay someone for a space to occupy. And even if you have the money to pay rent, your landlord may ask you to leave for any given reason; after all, he has the ability to kick you out.
We have prepared a free special report outlining the advantages and disadvantages of renting vs. owning your own home.
If you would like to obtain a copy of this free special report, simply fill out the report below, including your full address, and we'll mail this out to you immediately. Thank you for your interest!
|