| Home is where the heart is, whether you rent or you | | | | perhaps you want to put down new floors or |
| own your own home. While the housing market as of | | | | carpeting. In this case, permission from the landlord will |
| late has been a bit of a roller-coaster ride and many | | | | be required, or you could be in violation of the lease. |
| have chosen to rent instead of purchasing a home, or | | | | During the rental of the space, the landlord may also |
| have lost their home due to foreclosure, there are | | | | require you to pay for all alterations yourselves, if you |
| many reasons why buying a house can be a better | | | | are allowed to make those changes in the first place.c. |
| investment than simply renting.a. Renting a home | | | | Tax credits - Renting a home or apartment does not |
| doesn't enable you to say, "this is mine" rather, "this is | | | | enable you to apply for any tax credits, whereas the |
| mine...for now". By paying rent, you do not have | | | | government is doing its best to make life better for |
| ownership of the premises, it's more of borrowing the | | | | homeowners. The current administration has provided |
| space and paying for it each month. There are, | | | | homeowners with a tax incentive to buy a home, |
| however, "rent to own" programs where you can | | | | boosting the housing market. |
| eventually purchase the space you live in by paying | | | | These are just some of the reasons that renting a |
| rent to the landlord.b. Renting a home makes home | | | | home may not be a great as buying a home. |
| improvement difficult. Many landlords don't like their | | | | Purchasing a home gives you the freedom to really |
| tenants to make alterations to the living space. This | | | | live in it, and also provides you with a break come tax |
| goes for interior and exterior. If you rent a house, | | | | season. |