A drawback to renting a house is that you are usually stuck with any decisions made by the landlord.
In general renting a house is a lot less complicated than buying.
Be aware that renting a house will not give you a license to do as you please. You must comply with your tenancy agreement.
Renting a house is thought of as a flexible option where a tenant can easily move in and out again if the house or location does not meet up to their requirements or expectations.
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.
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.
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.
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.
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.