Renting a house can sometimes be expensive and establishment costs should be considered when moving.
A drawback to renting a house is that you are usually stuck with any decisions made by the landlord.
Be aware that renting a house will not give you a license to do as you please. You must comply with your tenancy agreement.
Apart form the higher rental cost, renting a house is similar to renting an apartment or flat.
When renting out your house take time to research rents in the area.
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.
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.
A house rental will require regular maintenance and attention. Be prepared to use qualified professionals when needed.
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.
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.