To Rent Or To Buy
To Rent or To Buy
Should you rent or buy a house? This is an important question.
There are some good reasons for renting a house. First, it is flexible to move. When you change your job which is far away from your current house, you can move out and rent another house near your new work place. Just bring your personal belongings to the new house with you. Second, the rental fee includes everything. That is electricity, water, TV cable, Internet, garbage charges. If there is any damage such as a leaky roof, pipe, gas, container etc. the owner will repair or replace it free of charge. Third, you always feel carefree. You are not under pressure to pay mortgage every month. If you buy a house, you always worry about house payments if you lose your job.
There are also some good reasons for buying a house. First, you can have all the right to the house. You can do almost everything from remodeling to planting a garden or building a fence. In addition, if you are too tired of cutting the lawn, you can even cement your backyard. Second, you are the real owner of the house. The renter or tenant has to pay almost the same fee for the house but the house belongs to the owner after twenty or twenty five years, when the mortgage is paid off. Third, you can get profit from the house. You can rent it out to others at a higher price than the mortgage you have to pay monthly. Then you rent another house to live in at a lower price than the one you rented out. Furthermore, you can sell it when the housing market goes up to get profit. In addition, you can use the house as a security for the debt you borrow from the bank to do your own business.
Should you rent or buy a house? In order to answer the question, you must weight both sides. On the one hand, there is flexibility of moving, rental package, carefree mind. On the other hand, there is rightful use of the house, ownership of the house and equity take-out. If you have much money and your job is stable, you should
Should you rent or buy a house? This is an important question.
There are some good reasons for renting a house. First, it is flexible to move. When you change your job which is far away from your current house, you can move out and rent another house near your new work place. Just bring your personal belongings to the new house with you. Second, the rental fee includes everything. That is electricity, water, TV cable, Internet, garbage charges. If there is any damage such as a leaky roof, pipe, gas, container etc. the owner will repair or replace it free of charge. Third, you always feel carefree. You are not under pressure to pay mortgage every month. If you buy a house, you always worry about house payments if you lose your job.
There are also some good reasons for buying a house. First, you can have all the right to the house. You can do almost everything from remodeling to planting a garden or building a fence. In addition, if you are too tired of cutting the lawn, you can even cement your backyard. Second, you are the real owner of the house. The renter or tenant has to pay almost the same fee for the house but the house belongs to the owner after twenty or twenty five years, when the mortgage is paid off. Third, you can get profit from the house. You can rent it out to others at a higher price than the mortgage you have to pay monthly. Then you rent another house to live in at a lower price than the one you rented out. Furthermore, you can sell it when the housing market goes up to get profit. In addition, you can use the house as a security for the debt you borrow from the bank to do your own business.
Should you rent or buy a house? In order to answer the question, you must weight both sides. On the one hand, there is flexibility of moving, rental package, carefree mind. On the other hand, there is rightful use of the house, ownership of the house and equity take-out. If you have much money and your job is stable, you should