When renting out your house take time to research rents in the area.
Although a bit more expensive than a mortgage renting a house is a very feasible option.
A tenancy agreement is signed when renting a house and is a binding contract between you and the landlord.
In general renting a house is a lot less complicated than buying.
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.
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 house rental will require regular maintenance and attention. Be prepared to use qualified professionals when needed.
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.
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.
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.