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Anonymous
Anonymous asked in Business & FinanceRenting & Real Estate · 1 decade ago

Benefits of Renting?

What's the benefits of actually renting a house. like if I was to go try and find a house what's the good thing if I live in a house on rent?

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  • 1 decade ago
    Favorite Answer

    Renting tends to work best when you dont need or are not close to (or just testing or not sure about getting) a permanent solution for your problem. Think skiing for a secong, if you are not a fan you dont by skiis, but rent them for a while. The same logic should be used when buying a house. Are you going for the long run (5 years or more)? If not, you might want to rent, buying has some costs associated with it that can only be "recupareted" (or fully enjoyed) if the item will be used for a long time.

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  • 1 decade ago

    You don't incur many of the expenses that occur if you own the house, such as property tax, property insurance (although you should still have renters insurance to protect your belongings), maintenance. You won't have to worry about paying unexpected bills like paying for a broken pipe or replacing lost shingles. And best of all, you need to mow the grass.

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  • Anonymous
    1 decade ago

    You can leave with just a short notice period.

    You don't risk losing money when you sell.

    You don't tie up your money.

    You don't have to borrow for it.

    You can expect the landlord to deal with repairs.

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  • the d
    Lv 6
    1 decade ago

    don't have to live ther long term,

    don't have to pay for repairs.

    Don't have to worry about the value going down, however chances are it will go up.

    don't have to come up with a large sum of money(down payment) to live there.

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  • 1 decade ago

    You don't have to pay the taxes.

    And most of all you don't have to mow the lawn :)

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  • 1 decade ago

    one bill per month instead of five. water, sewer, trash, elecricity, gas, property tax...

    INSURANCE

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