Pros/cons for renting vs. buying a home?
If you are not wanting to commit yourself to owning a property for at least five years then it would be best to rent. The majority of areas in this country it is much cheaper per month to own than to rent- but it works better the longer you own. Of course you could also gain equity with ownership and get tax breaks- but that is not figured in the above advice. Renting leaves you much more flexible so that you can move quickly if you want and you normally are not required to pay for repairs. The stuff about animals and children and such may help you decide on the difference between a house and an apartment- but you could own or rent either one of those.
Pros and cons of leasing a horse?
Leasing a horse is a fairly inexpensive way to have increased access to a particular horse instead of just a weekly lesson. Pros (in my opinion) are that you are generally just paying for some part of board (feed, hay, housing) and possibly, depending on your lease agreement, paying for partial farrier and probably no vet bills. As far as cons go, some horse show associations and breed associations will not let you compete on a horse you do not have ownership of, so if you were interested in showing this horse, you may not be able to since you do not own. Depending on your agreement, the owner may provide equipment such as tack etc for you to use or you may have to provide your own. Just a word of warning, it is extremely important to make sure you have a good lease contract that spells out exactly what you (the leaser) is going to pay for and what the true owner of the horse is responsible for.
What are the pros and cons of getting to rent our own homes and the best way to find one?
Oh man is this simple, and I’m glad you asked.Look go to my website Welcome To Real Estate ROCKSTARR and go to the buyers page, I don’t even know if your in California so, I’m not trying to sell you. Watch the Video and download the buyer’s check list and you will find how to get what you want.The Cons are you may not have had a solid foundation to start from, as far as knowing how to get what you want.The pros arePride of ownershipyou can do what you wantbuild how you wantwrite interest off on taxes (check with your CPA)Go to my site it’s like no other, I know people from all over world may not use me but it’s perfection for the first time buyers. Because I didn’t get that my first time around.
What are the pros and cons of renting vs. owning?
Good points so far. But.... What matters is what's important to you. If you don't want the responsibilities that go with ownership, rent and don't feel guilty about it. Ownership costs a lot more than it looks like on the surface, just like renting doesn't mean the maintenance is always done. Homeownership is often cited as the key to wealth. However, often that's a result of being the only investment ever made. If you're living there, you're "forced" to invest in your home (or get foreclosed)
Rent to Own: pros and cons?
Pros: Hands on with the house. You are able to find all the houses pros and cons ie: size fits your needs, heats well, cools nicely, kitchen comfortable, design works with you. Things like that. You learn the neighborhood, and it's conveniences and activities. You have interaction with the schools before making that final commitment of buying. You own the real estate which offers a tax deduction. You can have a pet, can paint your own colors and no one is going to complain you walk to loud. Cons: It will cost you...You have to allot a specified amt of money to go toward option to buy and if you don't buy..say good bye to that money. Contract has to be written by an attorney and also negotiated,,,which can be a deal breaker big time. In todays market the house is worth how much...have we seen bottom yet? Mortgage rates are good now but what will they be in the year after your option? In my opinion rent with the optionis never a good option, because it can get very expensive. It is better to buy outright...if money is the issue now find creative financing to buy. The legalities are to many and out weigh the pros. When I rented one of the homes I thought I wanted to own. I asked the landlord if I could have the first right of refusal when an offer was made.. That was in my lease. His buyer put an offer in...I was not yet in a position to buy so I moved. It was better for me to move than to buy...I found a better home to rent , which I own to this day doing the same thing and not killing myself financially. It all depends on what is good for you. Hope this helps
What are the pros and cons of renting out a room in someone's home besides renting your own place?
Typically, renting out a room will be cheaper, but there are many draw backs. First the lack of privacy and personal space. You would have roommates (a draw back by itself). If you split bills, you have to deal with the possibility of an extremist (heater/air conditioner full blast all the time increasing costs). An advantage is that you do not have to furnish a full apartment, but then again you are using other people's things and may be restricted on what you can and can't do. Security is another issue. How well do you know these people? Are they going to have people over that will mess with your things or interrupt your routine. Basically the same problems you would have with roommates, but they hold all the power because it is their house.
What are the pro's and con's of both owning a house and renting?
I will attempt to answer from Hong Kong’s perspective as our properties have the reputation of being the most expensive in the world and this brings concomitant blessings or problems if you are a landlord or a tenant respectively.The pros of owning a houseIn Hong Kong the majority live in flats or apartments, only the super rich live in houses. The prices of properties have gone up hugely because Hong Kong is very short of land. Only about 25% of our land can be used for building honest. Naturally, one can become wealthy when prices go up every six months, our property prices seem to defy gravity.It means that you do not have to move. The majority of people who are tenants have to move after every one to two years when leases come up for renewal.If you own a big property, you can make money by renting it out and move to a smaller place. You can use the rental income received to pay the landlord and there is still some money left.You can rent it out to Airbandb if you are away and earn extra income.The cons of rentingYou have to repair the property for wear and tear but with rental, the Landlord is responsible for maintenance of the rental property.When the leases come up for renewal, landlord often try to raise the rent from 5% to 100% of more. It costs a lot of time and energy to look for a new place, you have to pay half a month rent to the agent who help you to find a place, the stamp duty, put down two months’s deposit for rental, pay for the removal company, sell or give away furniture that does not fit in the new place.As rents keep going up, very few people in Hong Kong move to bigger homes unless their pays have jumped substantially, so there is this problem of living in an uncomfortable place that is smaller than the previous one.Our rents are so high and ridiculous. Some landlords ask for a lot of money for very tiny homes. Landlords in Hong Kong seem to be ruthless.