Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Benefits of Renting a House

By Ashokalion Subscribe to RSS | July 18th 2012 | Views:
loading
 
  



Though the current real-estate market in Houston and Dallas is favorable market for home buyers, there are several individuals that prefer renting a house to buying a home. Renting a property is often not the preferred choice but there are several factors that prove the advantages of renting a house. Some of the advantages are as follows:

1. You are free from the burden of maintenance: Maintenance of a house is a daunting task and costs a hefty amount. If you stay in a rented house, it is the landlord who takes care of the major maintenance items thus relieving you of the burden of maintenance cost and effort.

2. You can change a rented house to suit your needs: Once you own a house, it becomes difficult for you to move , and it becomes more of a discomfort when you dislike the location or your neighbors. However, it becomes much easier to move to a new location if you stay in a rented house, and if you do not wish to stay in an area for a longer period of time; then renting proves to be the most flexible option for you. All that a renter needs to do is to provide the landlord with appropriate notice (often times in the lease it is 30 days notice) before vacating the rented property when the lease expires.

3. Budget-Friendly: Renting a home can be more affordable in other ways. For example, renting house does not call for property taxes. Additionally, renters’ insurance is much cheaper than homeowner insurance policies. Thus, renting is budget-friendly and helps in lowering your expenses and easing your household stress significantly.

4. Lower deposit required: No large down payments are required for renting a house. People renting a house generally need to pay security deposit, first month’s rent and last month’s rent; while those purchasing a house will have to raise about 20% of the sales price.

5. Comfortable living: In reality, it might not be possible for an individual to own his dream house, but if they choose to rent a luxurious condo, he can have all the pleasure of a comfortable lifestyle while avoiding the large price tag associated with purchasing it.

6. No chances of losing equity: Renters are also in an advantageous position when the real estate market becomes unstable as they can relocate freely without the tension of losing equity that poses a serious trouble for home buyers.

These are few advantages of renting a house over buying. Sometimes renting proves to be a much better option than buying a house. You should properly weigh the pros and cons of renting and buying a house along with the future consequences before taking any major decision.

Ashokalion - About Author:
Jay Raman is the broker of record for The Lion Real Estate Group, a Houston and Dallas area brokerage focused on working with investors and homeowners buy, lease, or sell their property. Jay and his team have been in the investment property Houston and association management business for the past 6 years and manage over 160 residential (single family home) properties in Houston and Dallas as well as several associations. To get more great articles or ideas, you can also visit the Lion Real Estate Group’s Website, Facebook or Twitter Account.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/real-estate-articles/benefits-of-renting-a-house.htm

Related Real Estate Articles Subscribe to RSS

Lists of strata management investment
Published by Chris Whelan on January 10th 2012 | Real Estate
Strata property rules which are you must avoid at the time of property investment for getting requir...
 
Lucrative Greek property for Sale
Published by Greekexchange on May 21st 2012 | Real Estate
Greece the name itself runs a smile on our face as it is the most preferred place for honeymooners a...
 
Looking to rent a house in Huddersfield? Head to Martin & Co for property rental in Huddersfield
Published by Ademholt on July 12th 2012 | Real Estate
Are you planning to rent a house in Huddersfield?
Get in Touch with the Martin & Co. Estate Agen...
 
Invest on Penang property to enjoy financial security in future
Published by Rick Foster on January 19th 2012 | Real Estate
Everyone out there wishes to secure their future in terms of finances and investing on the property ...
 
Decisions to be made during property restoration process
Published by Larry King on June 20th 2012 | Real Estate
As the restoration process proceeds, there are many decisions to be made including those relating to...
 
Residential real estate in India- a lucrative investment
Published by Deepti on April 30th 2012 | Real Estate
Buying or selling property is always a great investment option as it is likely to give good prospect...
 
Relying on the property solicitors is must and knowledge to be acquainted with
Published by Hemton Thomas on February 4th 2012 | Real Estate
The majority of people put their property on the market with property solicitors....
 
HOA management- Capable providers for financial as well as property management
Published by Ema Sis on January 12th 2012 | Finance
HOA management companies shall be actual asset for communal administration amenities. They undertake...
 
Lease your property for commercial strata management
Published by Chris Whelan on January 25th 2012 | Real Estate
Everyone should follow some qualified process during leasing their commercial strata management prop...
 
Reasons for hiring an expert real estate agent to invest in property
Published by Deepti on April 17th 2012 | Real Estate
Buying your dream home for the first time is an incredible learning experience. Today, with the help...
 
Apartments in pune- make an intelligent investment
Published by Jamesalexjendra on May 21st 2012 | Real Estate
A ‘Kool Home’ is just the perfect house you have always desired to live in. From Comfort, Conven...
 
London property management firms are becoming increasingly important
Published by John M. Alcorn on January 25th 2012 | Real Estate
With rents rising across London, the idea of becoming a landlord or adding to an existing property p...
 
Real estate investment at Riggsbee Farm
Published by Steve Elloy on January 17th 2012 | Real Estate
The bankrupt economy of Greece and the clueless future of the EU have taken the international market...
 
Hire estate agents Marlow for smooth property deals
Published by Ricky Charles on January 4th 2012 | Real Estate
Many businesses have flourished and doomed but the real estate business has somehow managed to keep ...
 
How you can buy residential property on rent
Published by Glyn Jones on June 11th 2012 | Real Estate
Apartment buildings are more complex. Often, people are already living in the suites, and it simply ...
 
Real estate – Definitely a money-spinning investment
Published by Deepti on May 22nd 2012 | Real Estate
Nowadays people have become cautious that living at own home is far better than a house on rent. It ...
 
Online estate agents to sell your property
Published by Matthew Watson on April 29th 2012 | Real Estate
Using an online estate agency will allow property owners to perform the majority of the sales proces...
 
When you're spending it large for property it's advisables to ease up the conveyancing process
Published by Finten Thomas on February 19th 2012 | Real Estate
Whether you're looking to purchase, sell or remortgage we are able to offer you an excellent value f...
 
Get the best value of your property with Folsom Property management
Published by Nishaidhijames on August 23rd 2012 | Real Estate
Sale and purchase of property is an important part of man’s life. A person always tries to buy a h...
 
Rental property- its difficult to find without estate agents
Published by Matthew Watson on April 16th 2012 | Real Estate
A proper research of the property market, its trends and different rents in different localities nee...