Renting A Home Or Apartment Essay

2430 Words Jul 24th, 2016 null Page
At some point in all of our lives, we are faced with the dilemma of either renting or owning a home. The decision can sometimes be quite nerve-wracking, due to the fact that a considerable amount of money is on the line, in either situation. If you find that you have made the wrong choice, it could be months or even years, before you find that you have saved enough to move again. This is why we all need to weigh both situations with heavy consideration.
There are many benefits of renting a home or apartment. One of the foremost reasons many opt for a rental, is not having to pay for maintenance or the repairs that will ultimately arise at any given point while living there (Haury 2016). If your pipes burst, or the roof goes bad, this is the landlord’s responsibility to take care of-not the tenants. Another great money saver of being a tenant and not a homeowner is not having to pay any property taxes, which in many cases are in the thousands of dollars. Paying taxes can be very burdensome, especially if you are on a fixed income. Perhaps you are trying to rebuild your credit, renting can be a real booster to your credit score. In most cases, mortgage lenders will shy away from loaning a borrower money with a less than desirable credit score. Seeing that you have made on time monthly payments to a landlord will raise your score (as long as the landlord agrees to report to a credit agency on your behalf), and will show your trustworthiness making timely payments.…

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