| The housing market is not really thriving in this | | | | keeping the lawn mowed and trimmed can seem like a |
| economy but some people still prefer to own their own | | | | monumental chore. Of course, it is also freeing to |
| property and accumulate equity rather than paying rent | | | | know that any major repairs on the house will be |
| to a landlord. This has spawned many people to not | | | | handled by the owner as well. |
| only see what residential properties are currently for | | | | Renting also makes sense if a person is working |
| sale but it has also caused them to research modular | | | | hard to accumulate funds for a down payment on a |
| home prices as an alternative way to construct a | | | | house so he or she can lower both the amount of |
| house. This is a viable option if a person desires to build | | | | their mortgage and their monthly payment. While it is |
| a home and is looking for what may be a cheaper | | | | true that the money paid monthly to a landlord is not |
| way to do it. Of course some people still think renting a | | | | tax deductible it still makes good sense to rent and just |
| house or an apartment is better for them and it usually | | | | keep putting money away toward your own property. |
| is due to one of the following reasons. | | | | Many times people will rent a place in a |
| They do not desire to be committed to a certain | | | | neighborhood that they could not readily purchase a |
| location because they know that their employment will | | | | house in due to the high cost there. High-quality schools |
| most likely result in a job transfer within a short time. It | | | | with good reputations will often attract families who |
| would not be a good idea to take on a major | | | | want to be in a particular school system and simply |
| investment like a house knowing that it would not be a | | | | cannot afford to buy a house there. Renting |
| long term holding. The hassle of arranging financing, | | | | accomplishes their goal of making the schools available |
| fixing up the place to desired specifications and then | | | | for their children to attend. |
| turning around and putting it on the market is not | | | | Rental properties abound in neighborhoods |
| appealing. Because of the poor economy right now it | | | | surrounding colleges and universities due to the high |
| can take a considerably long time for a house to sell | | | | volume of students living there temporarily. Because of |
| and that can put people in a real tight spot and hurt | | | | the transient nature of these students and the fact |
| them financially. | | | | that they need a place to stay only while they are |
| A single person simply may not like all of the | | | | attending classes during the school year, renting is the |
| maintenance that a house requires and much prefers | | | | only option that makes sense for them. Often, renting |
| renting so that a landlord is responsible for all upkeep | | | | is a much cheaper than living in the dorms and it often |
| and repairs on the house or apartment. In instances | | | | is more appealing to the students anyway. |
| where a job makes frequent traveling a necessity, just | | | | |