Renting an Apartment Is a Better Option Than Buying a House

Topics: Real estate, Renting, Property Pages: 4 (1411 words) Published: June 24, 2011
Renting an apartment is a better option than buying a house

I.Introduction
Many people may think that renting an apartment is a better option than buying a house, but there are many things to take into consideration before deciding. If one were to know the advantages of buying a house, one just might change his or her mind. Some people think that renting an apartment is a better option than buying a house because they do not have to worry about the upkeep of the property or have to pay for costly repairs; however, buying a house gives the owner extra money in his or her pocket, the ability to modify, and stability. II.Extra money in your pocket

A.Extra credits on income tax returns
B.Equity that can be used as a line of credit
C.Less expenses to pay once the terms of the loan are complete III.Ability to modify
A.Personal style and expression
B.Remodeling and adding on to the house
C.Landscaping/Gardening
IV.Stability
A.Knowing what the payments will be
B.Acquiring a place to start or raise a family
C.Having a home to leave to dependents

V.Conclusion: Knowing the advantages and disadvantages of renting an apartment versus buying a home can make a big difference in whether or not a person decides to rent or buy. Owning a house can be much more rewarding than renting an apartment. It is a long-term investment that puts money back into the owner’s pockets, gives the owner the ability to modify as well as a sense of stability. When one knows the advantages and disadvantages of owning a home, the decision to own may be a clearer one.

Many people may think that renting an apartment is a better option than buying a house, but there are many things to take into consideration before deciding. If one were to know the advantages of buying a house, one just might change his or her mind. Some people think that renting an apartment is a better option than buying a house because they do not have to worry about the upkeep of the property or...
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