Why Rent?
Renting a home is the right option for many people today. Three of the biggest reasons to rent rather than buy a home that come to mind right away are increased flexibility, lower maintenance costs, and increased financial liquidity:
Flexibility
It certainly is easier to move from place to place quickly as a renter. Don’t like your neighbor? Well, as soon as the lease is up you can be on your way! If your employment is unstable or you change jobs often, renting might be the way to go. It is no fun to miss a great employment opportunity because you can’t sell your home.
Lower Maintenance Costs
Tired of the cost of keeping up your home? Tenants will typically never pay for a new furnace or the replacement of major appliances. Many landlords will even throw in snow removal, heat and hot water, lawn mowing and other services.
Financial Liquidity
As house prices fall, renting is becoming increasingly desirable to home seekers. Cash can be invested in the stock market or held until the real estate market bottoms out. Buying a home at the bottom of the market is a lot easier when you have cash and nothing to sell!
