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.
Although a bit more expensive than a mortgage renting a house is a very feasible option.
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.
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.
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.
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.
Before you rent a house make sure that your insurance covers your house as a rental.
A drawback to renting a house is that you are usually stuck with any decisions made by the landlord.