| Lots of people are opting to rent a home rather | | | | to receive assistance when trying to rent a home. |
| than buy one outright. The most obvious reason | | | | This is especially true if you are just moving out |
| for that is some people don't enjoy the prospect | | | | of your parents' house for the first time or |
| of being in debt to a bank for the next 20 or so | | | | moving to a different area in order to go to |
| years of their life. Plus, maintaining a house that | | | | post-secondary school. Banks will sometimes |
| you've purchased isn't cheap either. Many people | | | | finance your first and last month's rent, plus your |
| have purchased a house to find that after 3 | | | | security deposit at a fairly low interest rate. This |
| years the whole roof needs replacing at a cost of | | | | will allow people who need to move quickly or find |
| $5000 or $10,000. | | | | it difficult saving up for first and last months rent |
| Renting a home has often been compared to | | | | to move into a new home quickly. |
| throwing your money away to a landlord, but in | | | | Home rentals typically relate to where one would |
| truth, this is not really the best way to look at it. | | | | be living, but there are other kinds of home |
| First, with home rentals, you're not paying any | | | | rentals, too. Vacation home rentals are a popular |
| interest on money borrowed, as you would from | | | | option, especially if the rent is shared with other |
| a bank. Second, insurance costs, home and lawn | | | | people. You could easily rent a vacation home |
| maintenance/repairs and real estate agent | | | | with a few, or even a dozen, other people that |
| commissions are things that are gleefully avoided | | | | you could share with throughout the year. This is |
| with home rentals. | | | | an inexpensive alternative to buying a vacation |
| If you were to put away all the money you | | | | property or staying at an expensive hotel with |
| saved by not having to pay high interest rates | | | | hundreds of other guests. |
| and upkeep costs of owning a house into a | | | | There are several home rental resources available |
| savings account with even a modest rate of | | | | on the internet. Topics will range from what to |
| return, chances are, you'll have made more | | | | look for in a rental home to the proper budgeting |
| money than you would by selling a house that | | | | and other financial tools that relate to home |
| you own. | | | | rentals. Renting instead of owning a home is a |
| Another great thing about home rentals is the | | | | smart way to save money and give yourself the |
| fact that relocating is much easier when | | | | freedom to move around the world if ever you |
| compared to owning a house. Many people like to | | | | wish to do so. |
| travel and experience living in different areas. This | | | | Summary: |
| is made much easier if you don't have to worry | | | | Renting a home has often been compared to |
| about selling your house. | | | | throwing your money away to a landlord, but in |
| Depending on where you live, you may be eligible | | | | truth, this is not really the best way to look at it. |