Advantages of Renting
Top 5 Advantages of Renting vs. Buying:
- More fixed costs for the duration of the lease.
- Although you're not gaining equity, you're certainly not losing equity.
- Able to move as soon as the lease is up.
- Renters have little or no work and responsibilty in maintaining a home or apartment.
- Much smaller "down payment" (or deposit) than when buying.