One of the more pleasant side effects of the housing crisis is now you will find large beautiful homes For RENT. Many of these homes have been on the market since 2007 and now are being made available for rent, at unbelievable monthly terms.

I can speak first hand to one of the major benefits of renting a home, no property tax! Home ownership is one of the most overrated dreams there is, with no real benefits. Sure during the period right after World War Two many GI’s dreamed of owning their own home in suburban America, but in 2008 that thrill dissipated with depreciating home values.

As a renter you can relocated to another town with a moment notice, without having to wait for a buyer for your current property. As a renter all of your maintenance is covered by the property owner, which can actually add money to your pockets. As a renter you are not required to insure the property which can also add cash to your monthly budget.

One final benefit of renting is you can simply add content insurance that will cover all of your belongings in case of a fire or natural disaster. The lure of home ownership is having property to leave to your kids, but by time your kids are adults they cialis cheap no longer have interest in living in the same neighborhood. Give me Rent any day over the ownership.

Here are the facts on renting

The decision about whether to rent or buy housing depends on your preferences, your budget, and your credit worthiness. Although it usually cost more to buy than to rent, homeowners generally experience long-term financial advantages from the value of their home and the tax deductibility of interest and property taxes.

Rent is usually less expensive than the monthly costs of owning a home. Tenants also don’t have to pay property taxes or homeowner’s insurance, and they avoid paying for maintenance and repair cost. They don’t have to provide any appliances, such as refrigerators and stoves, and sometimes utilities are included in the rent. These differences can save the tenant money to go towards their monthly budget. Another advantage is that you can sign a short-term lease so you’re not committed to any long-term contracts.

The disadvantages of renting are that over time, rent is usually increased with the rate of inflation. Paying rent doesn’t contribute to your wealth because you don’t benefit from the value of the property. Rent is not tax deductible, which makes it more expensive than a mortgage payment. Lease contracts often restrict the use of the property, such as how many people are allowed to live there, whether they can have pets, the level of the noise, and the ability to upgrade and decorate the place.

Author Bio: Tyrone Jacques http://www.michaleabarrett.com

http://www.yeswecanloan.biz/Tom-Mckenzie.html

Category: Culture and Society/Consumer
Keywords: tyrone jacques, michalea barrett, tom mckenzie, renting, renting large homes,