To be fair and not preach in favor of my own benefits this session we will only talk about the benefits of renting first and the pitfalls of buying. The number one reason for renting is you have a place to live. Renter don’t have to pay for maintenance, interest, or homeowner’s insurance. It’s kinda like staying with your parents except for you must pay rent. Unfortunately for the homeowner, when the water heater breaks, unlike the renter they must pay to get the water heater fixed. Since renters must pay a deposit when they sign a lease, they are relinquished of all responsibility to the property. As for the owner of the property they are never not responsible for their property and when a renter decides not to take care of the property the owner must fix it. The owners only consolation is that they get to keep the deposit which may or may not cover the repair cost. Fortunately for the renter that is not their problem. So being a renter is great if you want all the benefits of living in a house or apartment without any of the financial responsibility of being a homeowner. This also denies you all of the benefits of home ownership but we will cover that nest time.
Author:Liz Abrams Phone: 757-301-1507 Dated: October 2nd 2017 Views: 199 About Liz: Liz Abrams is co-founder and CEO of Abrams Realty. She and her Husband, Jim, Abrams, own and manage ...
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