7 Reasons Why Renting Is Better Than Buying

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7 REASONS WHY RENTING IS BETTER
THAN BUYING
The Pines Apartments
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NO HEADACHE FOR MAINTENANCE COST OR REPAIR BILLS
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The biggest advantage of renters have over
homeowners is that they have no maintenance cost
or repair bills to pay off. Instead, your
landlord is responsible for all repair,
maintenance and renovation costs. For instance,
if an appliance stops working or if there is a
scarcity of water and power consumption problem,
you don't have to take any responsibility to
have these things fixed.
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BENEFITS OF HAVING ACCESS TO AMENITIES Renting
a house can give you access to various expensive
and luxurious amenities like an in-ground pool,
fitness centers at no additional costs. However,
building your own house with such amenities can
cost you thousands of dollars to set up and pay
for its maintenance.
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NO BIG DOWN PAYMENT
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• Another area where renters have the better
  financial deal is when you purchase a house with
  a mortgage, you have to pay a sizable down
  payment. Ideally, the down payment is 20 of the
  total amount. For example, with a 5 deposit on a
  house that has a market value of 175,000 your
  move-in costs start at 8,750, which is much
  more than the average one-month rent rate.
• Hence, renting a house can relieve you from
  making big investments at the start.

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DECREASING PROPERTY VALUE AND MARKET RATE
CREATING MORE RENTERS
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Property value goes up and down. Home value
determines the amount of property taxes you pay,
the mortgage amount and more. This may affect
homeowners in a big way but not renters. Many
experts claim that U.S. housing market is making
a full recovery. However, in an article written
by International Business Times claims that's not
authorized. Renters are avoiding mortgage which
is more than the houses worth.
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RENTING CAN HELP LOWER YOUR INSURANCE COST
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• Homeowners need to maintain a homeowners
  insurance policy. However, it would be wise to
  invest in a renters insurance policy as it is
  much cheaper. According to the Independent
  Insurance Agent and Brokers of America, the
  average cost of renters insurance is just 12 a
• month. Meanwhile, the average homeowners
  insurance policy cost ranges between 25 to 80
  per month.

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FIXED RENT AMOUNT
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A fixed rent amount is provided at the time of
renting a house. Although this amount may change
in the future with notice depending on the
landlords, and other factors but still you can
budget your expenses in a planned way keeping in
mind the monthly rental rates. However, this
benefit is not available for homeowners as their
mortgage amount and property taxes can change
anytime. Hence, keeping a fixed amount of taxes
is not a choice for homeowners.
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NO NEED TO PAY REAL ESTATE TAX
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Renter doesn't have to pay real estate tax. On
the other hand, it is still a burden for
homeowners. Although property tax calculations
can be complex, they are determined based on the
estimated property value of your house. With
houses getting larger and larger, property taxes
can be a significant financial burden.
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The Pines Apartments 1616 East Alameda, Norman,
OK 73071 Phone [phone] thepinesapartmentok_at_g
mail.com pinesapartmenthomes.com