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Although a bit more expensive than a mortgage renting a house is a very feasible option.
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.
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.
If facing a temporary job or extended business stay then renting a house is an ideal way to avoid the expense and confinement of a hotel room.
Many rental houses are bought in areas that have a consistent supply of tenants and are rented out for much more than the cost of the mortgage.
A drawback to renting a house is that you are usually stuck with any decisions made by the landlord.
In general renting a house is a lot less complicated than buying.
Be aware that renting a house will not give you a license to do as you please. You must comply with your tenancy agreement.
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.
When renting a house check your city or town regulations. There may be rules on which rooms in a house may be used for renting.
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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