Benefits Of Being A Renter Essay example

Benefits Of Being A Renter Essay example

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Being a renter does have some advantages. No mortgage payments, no property taxes, and the landlord takes care of any maintenance and repair costs. However, renting your home does have one major drawback: You are spending money on rent without gaining any equity of the property.
Many renters want to own their home, but struggle to find the cash needed to make a down payment on a property.
In fact, a recent survey conducted by the personal finance website GoBankingRates.com showed that a fifth of adults in the U.S. don’t have a savings account, while a third of those that do had zero balance on their account.
Below you will find some top tips to help you start saving and reach enough funds to put a down payment on a home.
Set a target
Knowing how much you can afford to spend on a property is crucial to help you determine how much you will need to save for a down payment.
After working out how much you need to save, you should compile a detailed saving plan to reach your target. Having a target goal to reach will help you buckle down and start to put money away. You will find it har...

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