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Although a bit more expensive than a mortgage renting a house is a very feasible option.
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 drawback to renting a house is that you are usually stuck with any decisions made by the landlord.
Renting a house can sometimes be expensive and establishment costs should be considered when moving.
When renting out your house take time to research rents in the area.
Over time, a rental house is likely to increase in value and capital appreciation can be gained as well as a steady rental income.
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.
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.
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.
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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