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Listing courtesy of Keller Williams Realty Profess
Listing courtesy of Keller Williams Realty Profess
Renting vs. Owning — What Are the Advantages?
Many Americans doubt their ability to cover the costs of buying a home. But that only means exchanging monthly mortgage payments for monthly rent payments.
Renting vs. owning — what are the advantages of each? Here are some things to consider before signing your next lease.
Advantages of Renting
Renting a house or an apartment has several distinct advantages, including:
Fixed rent
No property taxes or HOA fees
Lower insurance costs (no homeowners insurance)
Your landlord is responsible for all repairs and maintenance
Various amenities (e.g., pools, gyms, common areas, etc.)
Furthermore, you’re usually only locked into a year-to-year contract when you rent. Unlike buying a house,…
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