Advantages of Leasing a House

Advantages of Leasing a House

There are a lot of different things that you have to consider when you decide to move to your new home, for instance you have to decide if you want to rent or buy the new property. Before making any final decision you need to consider that both of these options have some unique advantages. For many people leasing the property is a comparatively easier option. Following are some advantages of leasing a property.

Firstly, if you look to buy a property you have to pay 20% of the value of the property as well as the first mortgage upfront. However, when you lease a property you commit to a relatively smaller starting investment. Although you have to pay the security deposit but you will receive this amount back after the end of your tenancy. The biggest ghost for the property owners are repairs. If anything goes wrong in the house it becomes your responsibility to get it fixed. But if you lease a property this becomes a smaller issue. So, if something goes wrong in the house, it is now the responsibility of the landlord to get it fixed.

One of the main reasons why people prefer leasing over buying a property are house taxes. If you decide to buy a property you are responsible for paying the house taxes but in leasing you do not have to worry about them as it becomes the responsibility of the landlord to pay these taxes. Usually the landlords increase the rent in order to pay some of the taxes but still you are paying less than what you have to pay if you own the property.

 

 

Featured Articles

What's Trending

What's Trending

What's Trending

What's Trending

What's Trending

What's Trending

What's Trending

What's Trending

The Spot Light

Why You Should Travel Green

Why You Should Travel Green

What you should know before traveling to Turkmenistan

What you should know before…

Packing Tips for Travelling

Packing Tips for Travelling

Welcome To One World Trade Center

Welcome To One World Trade…

Be Sure To Get A Comprehensive View Of London When Aboard The London Eye

Be Sure To Get A Comprehensive…

The Editor's Choice

Why Has There Been a Drop in Foreign Buyers of US Properties?

Why Has There Been a Drop in Foreign Buyers of US Properties?

Although the appetite for U.S. real estate continues to flourish, foreign purchasing has gone down. According to the National Association of Realtors, purchases of residential property by foreigners in the US fell by $10 billion in the year ending in March, 2016 to $44 billion, which is the lowest…

Questions To Ask Your Real Estate Agent

Questions To Ask Your Real Estate Agent

At a time when purchasing a house is becoming less an American dream and more of a luxury, potential buyers need to be very careful when making a risky investment. The housing market is still in turmoil after the most recent housing crash, and many experts feel another crash isn’t far off.…

House-flipping tax could stop speculators

House-flipping tax could stop speculators

For a very long time, real estate agents have enjoyed the benefits of the rather controversial “shadow flipping”. However, the NDP provincial government has put forth two bills whose clauses include going after this practice that, even when it is not illegal, it gave space for…

Vancouver, B.C. real estate prices sky-rocket

Vancouver, B.C. real estate prices sky-rocket

A Vancouver report has revealed that more than 5% of homes in the city are not occupied and are left empty by the citizens or by foreign owners. The non-occupancy rate and the skyrocketing home prices do not have any correlation. Single-family homes have been purchased by foreign buyers for…

Visit 1984 Isgyvenimo Drama

Visit 1984 Isgyvenimo Drama

There are several attractions to visit if you ever travel to Lithuania. 1984: Isgyvenimo Drama (or 1984: Survival Drama) is a reproduction of an actual Soviet bunker built in the 1980s. To get more information about the site and its attractions, you can visit their website at sovietbunker.com. When…

Weeki Wachee Springs

Weeki Wachee Springs

Weeki Wachee Springs is a great attraction that the whole family will surely delight in visiting. It's actually one of the 22 first-magnitude springs located in Florida. What makes the Weeki Wachee Springs a tourists' favorite are the activities it has for the guests. To name a few of the…

Visit the Karni Mata Temple, Deslinoke, India

Visit the Karni Mata Temple, Deslinoke, India

Visiting India as a tourist provides an opportunity to absorb experiences far different than we are used to in the West. Even walking in the streets can be an example of what it’s like to be immersed in a completely different culture. Many of the tourist spots reflect this as well,…

Holiday in Mauritius

Holiday in Mauritius

Mauritius is an island nation in the Indian Ocean off the SW coast of Africa. It is a beautiful island that boasts gorgeous beaches and palm trees. Because of the wonderful climate, you can vacation her all year round. This island attracts tourists from all over the word. Here are some of the places…