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CHOOSING BETWEEN BUYING AND RENTING A HOUSE

The question of renting or buying a property is one thing that we are faced with many times. In this regard, one should take into account several factors. Now let’s look at the advantages and disadvantages of both.

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CHOOSING BETWEEN BUYING AND RENTING A HOUSE

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  1. Choosing BetweenBuying and Renting House

  2. Buying and renting house Renting or buying a property is one thing that we are faced with many times. Now let’s look advantages and disadvantages of both. pros and cons of buying pros and cons of renting

  3. Buying • Pros of buying • Great feeling of ownership when individuals own their property. • Some respect from your friends circle when you own a home. • Capital appreciation is something that should be considered when buying a home. • Single family properties are concerned there are more properties that are put for sale compared to those that are given for rent.

  4. Buying • Cons of buying • When you are planning to sell your property then it could take a long time. • In a position to shift to some other place then it might be something daunting. • You are supposed to part of with a huge down payment when you are purchasing a home. • There is lot of financial stress involved in purchasing a home. • Your financial situation sees a change then it can be threatening.

  5. Renting • Pros of renting • The lease agreement will have some regulating terms when you move • In case of shifting to another place you can carry it out in a short span. • When you own a home you are expending lot of money. • There is something called theperiodic maintenancethat can cost you a huge amount. • Owning a property calls for a down payment renting doesn’t.

  6. Renting • Cons of renting • Choices several rentals are not available as they are available for sale. • The landlord doesn’t prefer the renters to carry out renovations to the property. • This makes you feel as though your freedom is restricted. • Buyers are also making use of the borrowed amount to buy a property that will probably appreciate in a huge span of time. • when you possess a home it has a real value attached to it.

  7. The question of renting or buying a property is one thing that we are faced with many times. In this regard, one should take into account several factors.

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