0
When it comes time to acquire a home, many people have a hard time making the decision between renting and buying. While renting may seem as if it is saving you money in the short run, it is not advisable over buying as renting is a terrible investment. Buying a home may seem difficult and somewhat anxiety producing, but it doesn’t have to be and can actually be a very fun & enjoyable process if everything goes smoothly.
First, it is important to understand why renting a home is not a good investment. People rent for a few reasons. For one, those who aren’t sure where they want to live permanently use renting as a solution until they come to a sound decision. The other reason why people rent is plain and simple; it’s cost-effective at the time. While purchasing a home seems like a large investment, renting costs can seem more realistic. The reason, however, why renting is not a good idea is because you get nothing out of renting in the long run. Let’s say you spend twelve-thousand dollars per year to rent a home. After the year is over and you move out, you come out of the deal with nothing. When you buy a home, all of your money is invested into something you own, and is not considered to be money down the drain. Renting, however, is a different story.
Buying a home does not need to be confusing. The best first step for those who are interested in buying but don’t quite know where to start is to talk to a real estate agent, or realtor. Realtors are experienced in helping people purchase homes from start to finish, and you can rest easy knowing that you are in good hands and will not suffer from any costly mistakes that you might make on your own. Purchasing a house for the first time should be a relaxing, enjoyable experience, and if you use a realtor, it will be.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What fb means and stand for when buying or renting a home?
This Free Guide wil show you everything on home renting look in related link for " Home Rental Guide "
What is the cycle followed by the housing market?
The cycle is a way people use before buying a home or renting one.the cycle is something that people are use to using to help them out in buying or renting.
What are the benefits to renting an apartment versus buying a home?
Renting an apartment is often a good choice. People who live in urban areas prefer apartments simply because they are much easier to come by. Utilities in apartments are often much less than buying a home. Apartments are often advantageous for people who do not plan on staying in one area for awhile. Buying a house is a commitment, and in a bad real estate market you might be stuck in a house.
What would be your thesis statement on buying a home is better then renting?
i would start by making a list of the pros and cons of both buying and renting ones you have a list it would be easier to see what the focus of you paragraph would be.
Is a rent to own home usually costlier than just renting or buying?
Renting to own items, or even a home, make a huge profit for the renting conpany. This means that you are paying far more for them than if you purchased them outright.
Which department ensures that no one will be discriminated against when renting or buying a home?
Housing and Urban Development
Renting rather than buying?
Buying a home is nice, and it is consider the American Dream, but that doesn't mean it's right for you. Actually, many have found that renting a home is a better option. If you are not into fixing things around the home for yourself, then renting is certainly for you. After all, you will still have a landlord that has to take care of these things for you if you are renting. When renting your home, make sure that you purchase renter's insurance of some kind in order to protect you from any number of things that could happen. This is just a smart move every time.
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.
How can I determine the best insurance to choose when renting a home?
You can go to smartmoney.com and read the section on insurance for rent home.
Should you refinance first home before buying a second home to be a primary residence and then renting out the first?
housing and urbon developing
What are the benefits of choosing to rent?
There are several advantages to renting. When a person rents there are only responsible for paying a pre-determined amount for services rendered or products obtained. This saves on up front costs of purchasing any item or buying a home.
What are the pros of renting apartments rather than buying a home?
One of the biggest pros of renting would have to be that you are not responsible for the cost of maintenance on the property. Additionally, the required deposits are much smaller on rentals than the deposit to purchase a home.
