What would you like to do?
Why is renting better than owning?
Renting may be better for some people who can't save up enough cash for a down payment and who don't want the responsibility of owning and maintaining real property. It all depends on the needs and desires of the individual. In other cases owning is better than renting.
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if you want to benefit from increase in property value
own because then you can do what you like and not get evicted plus if you plan on having children they can live there when your dead
In the short run, yes. However, after buying a home, the home will typically gain value over the years as you pay it off. Not to mention that if you intend to live in the same… home for about 25 or more years, the home will eventually be paid off, but you'll never stop paying rent on a rental home.
it's a process where you start off by renting the home and each time you pay for the rent, it goes twords paying off the house.
One thing is that you often have to pay the upfront option fee still. You also have to pay on time, every time, and if you are just a day late on your rent, most contracts voi…d the rent agreement for the month.
Renting an apartment is not an investment. Mortgage payments increase the home-owner's equity.
it is where you rent something and you ge tcredit for it. then when you want to buy it you use that credit for buying it.
You can rent out a room or part of the house, or you can rent the entire house. Either way you can run an ad or listing with a real estate or rental management office.
Homes that you rent to own are when you start off with just paying rent, not having to worry about falling behind on a mortgage. Eventually, as you become more secure, you swi…tch over until you are paying a mortgage for the home.
The owner is willing to sell with no down payment, but the title will remain in his name until you find a bank that will provide a loan. Usually, a small portion of your… monthly rent will apply to the purchase of the house. This can be a good deal if property values are going up and you can lock in the current price of the house. If the value increases by 5% a year, after 4 years you would only need to borrow about 75% of the home's value from a bank to purchase it.
Answer "Rent to own" is when you rent an condo/house, and they give you the option to buy it after you rent it for the term of the lease. They will usually give you lik…e 10 to 20 percent of the total amount of money you paid in rent of the lease term, to take off the total cost of the condo/house. Good luck! It's cheaper to just but so weigh your options. Rent to Own and Lease to Own are very similar strategies. There is an option consideration that is paid upfront (typically between 3-5% if an investor, and 2-3 months rent if a one-time seller). This money buys your ability to purchase the house, over a set period of time (1-5 yrs typically), for a pre-negotiated price, and is almost always credited towards the purchase of the house. The Advantages to the Seller are numerous. * No real estate commission to pay (not realtors). * No maintenance problems. * Prompt payment of rent. * All the terms of the purchase are negotiated in advance. * Seller retains all tax benefits until the sale and much more. * Positive monthly cash flow to offset losses For the Buyer * Time to shop around for best financing options * Live in the house before you buy it * Meet the neighbors and neighborhood before making long term decision * Large rent credits (25-100%) for prompt payment You can get more information at www.iLease-a-House.com. They cater to buyers, sellers, and investors.
Renters pay a particular amount of money for usually around 3 years. At the end of that period of time, the renter has the option to decide whether or not they want to purchas…e the house. The rent until that time goes toward the potential down payment.
The legal synonym of "Rent to Own" is "Lease with Option to Purchase". It is a contract or agreement between a property owner and a lessor/buyer to lease a property for …a certain period of time, after which the lessor/buyer has the option to purchase the property.
In Car Rentals
Well, it really depends on where you are at the time. For example: If your traveling somewhere close to home, you'll definitely be better off using your own car. It'll be wa…y cheaper to use your own then it would to pay to rent a car. If your traveling far away from home, then you might want to consider renting a car. If you flying to another state or country, you'll definitely be safer in a car that is being rented. This eliminates of damaging your own car in an unfamiliar place. http://mcallencarrental.org/mcallen-car-rentals/a-mcallen-car-rental-vs-your-own-car/12/28/2009/
Well, it depends on what place do you prefer - a big or a small. A compact or an enormous house. However, I prefer an apartment. It's easier to clean it and it's nearlier …to the downtown. I think here's the time where I should recommend you the site where me and my girlfriend found our apartment. IT's apartmentsarlingtontexas.com and if you want to rent an apartament I strongly suggest it!