Although a bit more expensive than a mortgage renting a house is a very feasible option.
Over time, a rental house is likely to increase in value and capital appreciation can be gained as well as a steady rental income.
A drawback to renting a house is that you are usually stuck with any decisions made by the landlord.
By renting a house you can easily find and afford your dream house without any commitment to a 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.
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.
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.
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.
Before you rent a house make sure that your insurance covers your house as a rental.
A tenancy agreement is signed when renting a house and is a binding contract between you and 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.