- Bank Finance Rates

Should I Rent or Buy-to-Own My Home?

Many people find themselves in different investment opportunities throughout their lives, some more financially advantageous than others.

While those that rent to own their apartment or home can expect more of a sense of 'liberty' or ability to 'up-and-go' anytime should a better housing or career opportunity arise; those that own their homes are in a less 'flexible' situation. Also, it's worth pointing out the benefit that those whom rent their home or apartment versus own typically don.t have to take on the potentially thousands if not tens of thousands of dollars every several years for maintenance, construction, or other damages necessary for repair not otherwise caused directly by the tenant. When on the other hand, in contrast, should you own the is indeed essentially your problem, with or without the application of home owners insurance, you're still going to pay a higher premium or price and take on more responsibility than a renter would.

A lot of people prefer and stand behind the idea of renting an apartment or home because it also protects them from the uncertainty of the real estate market.meaning they don.t have to invest - (C) 2016 Lookup United Kingdom - Articles on this site do not consitute legal or financial advice. Contact your licensed financial advisor for that. Terms/Privacy Contact Us