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Although a bit more expensive than a mortgage renting a house is a very feasible option.
If managed properly renting a house can be profitable and rewarding.
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.
When renting out your house take time to research rents in the area.
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.
Be aware that renting a house will not give you a license to do as you please. You must comply with your tenancy agreement.
Try to make your tenants feel at home, when renting a house it’s beneficial to have the tenants staying for as long a possible.
In general renting a house is a lot less complicated than buying.
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.
A house rental will require regular maintenance and attention. Be prepared to use qualified professionals when needed.
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
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
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