To keep costs down before committing to a mortgage, consider renting a house.
By renting a house you can easily find and afford your dream house without any commitment to a mortgage.
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.
If managed properly renting a house can be profitable and rewarding.
Although a bit more expensive than a mortgage renting a house is a very feasible option.
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.
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.
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.
Be aware that renting a house will not give you a license to do as you please. You must comply with your tenancy agreement.
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.