RENTING IS BETTER THAN BUYING HOME Dc fawcett reviews
Introduction • The dream of the lifetime for many citizen is to acquire ownership of a home. •
In the present scenario, many people own their residences, and this was not the case always.
• In fact, purchasing a home and renting home have unique and own assets. •
So Dc fawcett gives you the reasons to home owners and renters.
Some reasons why renters have the better than buying home: No cost of maintenance or repair bills Gaining access to basic requirements Absence of real estate taxes No considerable down payment
No cost of maintenance or repair bills • When one rents a property, the landlord is directly responsible for the costs of maintenance and repairs. • On the other hand, homeowners have to meet their own expenses as the repair, maintenance and costs of renovation. •
Depending on the nature of the repair, the expenditures may become quite vast.
Gaining access to basic requirements • There is yet another monetary benefit in renting a home. •
It is in the form of amenities that would be hugely expensive otherwise.
• Some luxuries as a pool or a fitness center accompany. • The amenities in mid scale apartment complexes with no added expenses to the tenants. • If a homeowner requires meeting the cost of these amenities, he or she requires paying exorbitant money in installation and maintenance costs.
Absence of real estate taxes
• A very clear advantage that renters have is that they do not require paying real estate taxes. • Real estate taxes can be a huge burden for homeowners and it differs with respect to every country. • Generally fixed depending on the estimated property value of the house. • With residences expanding, property taxes may come as a huge difficulty.
No considerable down payment • Another fact where renters have the better
financial
deal
is
when
they
come to sign the finances. • One does not require incurring a huge down payment to get into a rental property. • The actual amount that one needs to furnish while moving in differs in every case.
Conclusion •
While retaining a home as owner may be advantageous for citizens over an extended time period.
•
For majority of the people renting is the best option.
•
There are plenty of instances that depict how renting can save huge amount of money for the consumers.
•
The option of renting a home or purchasing home is left to the individual.