Benefits Of Renting A House Essay

Benefits Of Renting A House Essay

Length: 1181 words (3.4 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview



What are the benefits of renting compared to buying. For my college teammates that are renting a house are the smartest economical option for them. Renting and buying a house as a lot of variables that play into it. For example, your age, finical situation, location and the lifestyle that you choose to live. For my teammates renting a house with multiple members of the house is perfect. They all can equally split the rent and it 's a block away from the college. It may not be as perfect as it seems. Problems they run into are the lifestyle changes. For example, they cannot be noise college kids Because they took the responsibility of living on top of a family. They have too be considerate that family has to wake up early to go to work or school. They cannot be made ton of noise and listening to music loudly like the would want to be doing. At this age, most of my friends only have to take care of themselves, but one of my friends owns a dog so he. Finding a house that 's your ability to have pets could be challenging, most rental houses you are not able to have pets or you have to pay a fee to keep them inside the house. Another risk he is taking is that the dog dose doesn 't destroy anything inside the house.If this happens, they would need to talk to the landlord and place a workable form. That would cost all the tenets inside the house a lot more than just replacing the damages themselves. Another problem they run into is having too many people in the house at once. Their is a limit of how many people can be inside and if they have over the limit and the landlord receives notice that they have to many people they could be fined.

If you are interested in buying a house there is a lot of thought that goes into it. The fi...


... middle of paper ...


...d its all in your name the homeowner also own all the responsible for all these expensive problems. All these expensive lands on the home owner shoulders. In the opposite effect owning a home can make you money. If you buy a home that has been effected by a natural disaster you could buy it every cheep and fill it for a profit. You can also add to your home to increase its value. You could add features to your home like a pool or pano.

In conclusion its all about your lifestyle that requires you to rent or buy. There are many positives and negatives. To recap your age and finical situation are key factors. the younger you are the better it is to rent because in the beginning renting is much creeper. It also requires a lot less responsibility. Buying a house requires a lot maintenance inside and outside. But it also comes with a lot of pride of owning something.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Benefits Of Renting A Home Essay

- There are many people who are unable to decide whether they should buy or rent a home. Both renting and buying a home have their benefits, therefore it is important that you compare the benefits and drawback of buying and renting a home. Renting a home is usually cheaper than buying a home. When you rent a property, you don 't have to pay your monthly mortgage dues and you don 't incur expenses on repairing the appliances and home. However, the rent that you pay could increase from time to time....   [tags: Real estate, Property, Renting, Apartment]

Better Essays
856 words (2.4 pages)

Essay on Renting A Home And Renting

- Most people around the world want to live the “American Dream” by owning a home, however; renting may be an alternative option. Homeownership may not be for everyone, but is renting really the answer. Does it mean that if someone does not own a home, they are not living the dream. Perhaps the answers come after laying all the cards out on the table. Owning a home and renting both offer people a sense of accomplishment, but things such as financial costs, long-term investments, and freedom play a major role in the decision to rent or buy....   [tags: Real estate, Property, Renting, Rental agreement]

Better Essays
1360 words (3.9 pages)

Benefits Of Renting A Home Essay

- The rent-to-own option can benefit people interested in buying a home that have checkered past, because of the way it is set up. Rent-to-own means that a home buyer can rent the house for a set amount of years, usually three years, and then has the option to buy it. People interested in buying a home, but have bad credit history, could get their credit up by paying the rent. They can also wait for about three years to decide if they are ready for this kind of commitment. The benefits of renting-to-own are that people have time to decide whether they want to buy the house or not, available to people with bad credit, can raise credit if payments are made, cost of the house can be reduced by r...   [tags: Credit card, Credit history, Credit score]

Better Essays
811 words (2.3 pages)

Essay On Advantages And Disadvantages Of Renting

- Seeking for a place to live is a task that takes consideration of your financial position and personal goals. There are many advantage and disadvantages to both, therefore, you will need to evaluate both sides before making a decision. One is not necessarily better than the other, more so which is better for you. In this paper, I am going to outline the benefits and drawbacks of both buying and renting, with some information that will assist in your decision. Renting a home is essentially paying a fee to reside in another party’s property, the advantages of this include reduced expenses, having more liquid assets, and being able to move easily....   [tags: Property, Renting, Rental agreement, Ownership]

Better Essays
725 words (2.1 pages)

Choosing Renting A Home Is A Complicated Decision Essay

- Comparison-Contrast Essay Deciding to purchase or rent a home can be a complicated decision. According to the Economist Newspaper Limited (2015), “FIVE [sic], years after the house price crash that nearly took down an entire financial system, America’s property market appears to be in rude health: prices have appreciated by 17% over the past three years” (para.1). America’s property market is healthy and growing. As the decision to buy grows, the property market increases. According to the US Census Bureau, 75 million families in America own homes....   [tags: Property, Renting, Real estate, Rental agreement]

Better Essays
1155 words (3.3 pages)

Benefits Of Renting A Car Essay examples

- Natalle Chan (20621216) Dr. Boba Samuels ENGL 109 Wednesday, March 9, 2016 (Title) Often the only time many families will rent a car is for travelling purposes. Even those who own expensive cars may find that renting a car is a better option for them. There are several reasons people rent a car for example, when going on a vacation, people prefer renting a car so they do not have to rely on public transportation. As well, for special occasions such as reunions, high school graduations, and anniversaries it is nice to rent a luxurious car or limo....   [tags: Car rental companies, Car rental]

Better Essays
1364 words (3.9 pages)

Essay about Benefits Of Renting A Mortgage

- All around the world people always wonder and try to figure out if it 's better to own property or to rent it. There are many people that prefer renting, because you do not have to pay a mortgage. According to this website, you have more fixed costs for the term of the lease (Our Family Place1). There is generally less work in maintaining a home. You have a smaller amount for down payment. If you like the area you are staying at sometimes the home will become available to buy. Then there are people who prefer owning property, because these people tend to in joy the feeling of ownership without a limit of time....   [tags: Real estate, Property, Taxation, Tax]

Better Essays
804 words (2.3 pages)

Renting Vs Buying A Home Essay

- Renting vs Buying a Home: Am I Making the Right Choice. Brittany Stewart BU 550-8 Herzing University   My paper will focus on the decision to rent or buy a home by analyzing the financial benefits and opportunity costs of home ownership. In this essay, I will discuss good decision making with emphasis on clear decision statements. I will furthermore, review statistics, tradeoffs and benefits to buying and home versus renting. More than half of current homeowners purchased their home during time periods when average homebuyers would have been better off renting and investing (PR Newswire, 2014)....   [tags: Real estate, Property, Investment]

Better Essays
802 words (2.3 pages)

Buying vs Renting Essay

- Buying vs Renting The economic decline has possible home buyers, especially first time home buyers, scared to invest anything into the housing market. With the fear of another depression in the back of everyone's minds, some businesses are attempting to clarify the pros of home ownership. “When you rent, you write your monthly check and that money is gone forever. But when you own your home, you can deduct the cost of your mortgage loan interest from federal income taxes, and usually from your state taxes” (Home Buyers Guide, p4)....   [tags: Finance ]

Better Essays
987 words (2.8 pages)

Renting Versus Buying Essay

- Buying a home can be an exciting experience for anyone. However, in some cases you just might be better off continuing to rent your home. There are many advantages to buying a home. However, it is not for everyone and buying varies from individual to individual. Currently more people are leaning towards renting but this could change in the near future. When someone makes the decision to buy or rent a home they must consider the advantages and disadvantages of each. In buying a home the primary advantage is that you actually own it....   [tags: Compare Contrast Home Ownership]

Better Essays
807 words (2.3 pages)