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Why Renting is Better Than Buying? – DC Fawcett

The dream of the lifetime for many citizens is to acquire ownership of a home. In the present scenario, many people own their residences, and this was not the case always. As a matter of fact, families either require raising their own homes, or getting a home for rent from someone else. In fact, purchasing a home and renting home have unique and own assets. But, renting a home has its own advantages when the finances are tight.So Dc Fawcett gives you the reasons /suggestions for home owners and renters.

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Why Renting is Better Than Buying? – DC Fawcett

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  1. RENTING IS BETTER THAN BUYING HOME Dc fawcett reviews

  2. Introduction • The dream of the lifetime for many citizen is to acquire ownership of a home.  • In the present scenario, many people own their residences, and this was not the case always.  • In fact, purchasing a home and renting home have unique and own assets. • So Dc fawcett gives you the reasons to home owners and renters.

  3. Some reasons why renters have the better than buying home: • No cost of maintenance or repair bills • Gaining access to basic requirements • Absence of real estate taxes • No considerable down payment

  4. No cost of maintenance or repair bills • When one rents a property, the landlord is directly responsible for the costs of maintenance and repairs.  • On the other hand, homeowners have to meet their own expenses as the repair, maintenance and costs of renovation.  • Depending on the nature of the repair, the expenditures may become quite vast.

  5. Gaining access to basic requirements • There is yet another monetary benefit in renting a home. • It is in the form of amenities that would be hugely expensive otherwise.  • Some luxuries as a pool or a fitness center accompany. • The amenities in mid scale apartment complexes with no added expenses to the tenants. • If a homeowner requires meeting the cost of these amenities, he or she requires paying exorbitant money in installation and maintenance costs.

  6. Absence of real estate taxes • A very clear advantage that renters have is that they do not require paying real estate taxes.  • Real estate taxes can be a huge burden for homeowners and it differs with respect to every country.  • Generally fixed depending on the estimated property value of the house.  • With residences expanding, property taxes may come as a huge difficulty.

  7. No considerable down payment • Another fact where renters have the better financial deal is when they come to sign the finances.  • One does not require incurring a huge down payment to get into a rental property.  • The actual amount that one needs to furnish while moving in differs in every case. • The total amount spent is considerably less than one requires purchasing a house.

  8. Conclusion • While retaining a home as owner may be advantageous for citizens over an extended time period. • For majority of the people renting is the best option.  • There are plenty of instances that depict how renting can save huge amount of money for the consumers.  • The option of renting a home or purchasing home is left to the individual. 

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