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Although a bit more expensive than a mortgage renting a house is a very feasible option.
Before you rent a house make sure that your insurance covers your house as a rental.
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.
Over time, a rental house is likely to increase in value and capital appreciation can be gained as well as a steady rental income.
For anyone starting employment for the first time renting a house is great option, however it’s not advisable to rent a house for the whole of your life time.
When renting a house find time to walk through the property with the landlord and make a written note of anything that looks out of order before signing a 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.
A tenancy agreement is signed when renting a house and is a binding contract between you and the landlord.
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.
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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