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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.
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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