Compare the advantages of renting to buying. Why is it not always better to buy a house then to rent a house?
Renting a house meaning the right to use the property with owning it.
Buying the house means the person owns the house .
both of them have advantages and disadvantages. However, renting is very economical than buying.
Renting only requires a security deposit that also a is very small amount, whereas buying a house, the owner needs to pay a big amount of and if buying is backed by loan then the owner has to pay a very huge down payment.
Renting requires no maintenance whereas buying require full maintenance and have to pay property tax.
Renting gives greater flexibility is case of changing the home with a economical cost.
Renter have to only pay electricity bills and enjoy greater flexibility to move out when required.
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