1) No Maintenance or Repair
The landlord is responsible for most maintenance or repair work that the house or things within the house may need.
2) No Property Tax
All homeowners have to pay property tax. Depending on where to you live this can be quite a large amount, as it is calculated based on the value of the property. However, if you rent a house, this tax is not your concern, as the homeowner will be responsible for it.
3) No Large Down Payment
When you buy a house, you have to pay a down payment, which is usually a minimum of 20% of the total sale price. When you rent a home, you do have to put down a security deposit and possibly a couple of advance payment on rent, but the amount is much less significant compared to the down payment to buy a home.
4) No Mortgage
When you rent a home, you are not burdened by a mortgage. This will give you peace of mind and also ensure that you do not owe money to a financial lender.
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