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In most cases buying a house is cheaper in the long run than just renting a house because after 15 or 20 years the house is paid for and you own it...
Where as with renting you must continue to pay rent every month every year.
Example:Say a 3 bedroom home that would cost $135,000.00 total (including financing) to buy it..But you rent it instead and you live there for 25 years at $750.00 per month rent (not counting rent increases) that equals $225,000.00 spent on renting a home....
If you had purchased the home at a total (including financing) of $135,000 on a 15 year mortgage with payments of $750 per month and lived there for a total of 25 years you would have saved $90,000 and would own a home...
But by renting you have just given someone else $225,000.00 and you have absolutely nothing to show for your money.
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∙ 13y ago
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What are the advantages of buying a house versus renting a house?
When you buy a house, you just need to pay one lump sum. There will be no additional charges unlike renting a house which may eventually be more expensive than buying a house alltogether. Also, when you buy a house, you can redecorate freely rather thn waiting for the Landlord giving you permission
Buying a house or renting a house?
If you can buy, definitely do that. That way instead of paying rent, you're paying off your mortgage. It depends on the relative cost of buying versus renting in your area. In many places it costs less on a monthly basis to buy a home than to rent one, but in some locales rent is very cheap compared to buying a house. In those places you might be better off renting and saving the additional money that would have gone towards the costs of buying. That money saved could be used to buy a better home at some point, perhaps in a cheaper city.
What is the difference between renting a home and buying a home?
When you rent a home you pay repeditivly for a long time instead of buying which is paying for the whole house and only having to pay bills later.
Can you buy your fathers home instead of inheritaning itand aviod paying the inheritance tax?
The only way to buy your father's house would to be to purchase it before he passes, after he has passed, you automatically inherit the house. Even if you purchase the house, you will still pay taxes.
If I rent furniture for a period of time and then decide to buy it, will the money I have already paid be credited to the furniture's cost?
The idea of renting furniture has really taken off in the last 5 years. Many different companies offer to credit what funds that you have spent renting their furniture in the case you decide to buy. It depends on what company you are renting furniture from. Before renting, check with the company to see if they offer a credit for rent-to-own.
You are renting a house in forecloser how do you buy it?
i am renting a house in forecloser and i need info on how to buy it. who do i contact?
Hows does one go about renting a house?
Look in whatever area you are interested in renting in and see if you can find a house you like. Once you find one, ask the broker if you could rent instead of buy and how you could do that.
Is it better to buy a house or rent a condo?
As a General Rule, Its smarter to build up your own equity on being a Homeowner. Instead of putting your hard-earned money in renting. However, there are some things to consider: 1. The location of the House versus workplace. 2. Size and amount of the house. If the monthly payment is similar to renting a condo space. Might be smarter to buy instead.
Did Jon and kate buy the new house or renting?
They bought it.
What could you do to help the homeless?
You could obviously either buy a house for them or you can give them your house then you can buy one for yourself or you could build a house then you would not need to by anything.And the last option is rent a house then gather enough money to buy one or carry on renting and renting.
What are the advantages of buying a house versus renting a house?
When you buy a house, you just need to pay one lump sum. There will be no additional charges unlike renting a house which may eventually be more expensive than buying a house alltogether. Also, when you buy a house, you can redecorate freely rather thn waiting for the Landlord giving you permission
Buying a house or renting a house?
If you can buy, definitely do that. That way instead of paying rent, you're paying off your mortgage. It depends on the relative cost of buying versus renting in your area. In many places it costs less on a monthly basis to buy a home than to rent one, but in some locales rent is very cheap compared to buying a house. In those places you might be better off renting and saving the additional money that would have gone towards the costs of buying. That money saved could be used to buy a better home at some point, perhaps in a cheaper city.
Can you buy a HDTV cable box instead of renting one from cable company?
It depends on your carrier. But for the most part NO.
Is it better to rent an apartment or buy a house?
If you buy a house, you can begin building equity and you have an investment that can be sold if you wish. Renting does not give you such benefits, but is nice if you need a short-term place to stay.
Can an ex claim possession of your house by renting it for 2 years and then moving but leaving her furniture in the house?
No. If the house is also in her name she does have a part ownership of the house and you will need to go to court to remove her name and buy her out. If she isn't on the deed and has been renting leaving her items in the house is not a claim of ownership and she is actually preventing you from renting the house again. You could take her to small claims court for the rent since she left furniture in the house and that means she is still there. Therefore, she owes rent.
Who is renting susan and mike's house on desperate housewives?
It showed on the last episode of the season that it would be Paul Young renting their house.
If you buy a house do you have to pay rent?
If you purchase a home you have to pay a mortgage which is a repayment of a loan you used to purchase the house. Paying rent is when you sighed a leasing agreement for an apartment you are renting.
