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The main disadvantage to renting a house is that the rent you pay goes to the owner of the property and nothing is for yourself is gained other than a place to live.
Renting a house is thought of as a flexible option where a tenant can easily move in and out again if the house or location does not meet up to their requirements or expectations.
Although a bit more expensive than a mortgage renting a house is a very feasible option.
Be aware that renting a house will not give you a license to do as you please. You must comply with your tenancy agreement.
Apart form the higher rental cost, renting a house is similar to renting an apartment or flat.
A house rental will require regular maintenance and attention. Be prepared to use qualified professionals when needed.
To keep costs down before committing to a mortgage, consider renting a house.
Consider renting a house similar to borrowing a book from the library. The house should be ready for you when you move in and should be returned in the same condition as you found it.
Before you rent a house make sure that your insurance covers your house as a rental.
Have your house rental pre installed with a Cable/DSL service will make your house more rentable and avoid tenants drilling holes in your walls.
With the continuing growth in the housing market, it still Buying to Let or Rent seems a good bet as an alternative to a pension fund for retirement funding. 19th August, 2006
It is predicted that the strong interest in the Buy to Let market will continue. See our Top 10 Buying to Let and Renting Tips. 26th August, 2006
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