Over 90-percent of real estate professionals in the country own real estate. Realtors are also inclined to give the advice that people should buy real estate rather than rent it. The benefit of buying real estate is evident, even to the more avid of opposed. But still, some insist on not buying real estate. Though, the majority of realtors would consider these people misinformed, there are some benefits to not buying real estate. Here’s a quick look at the other side of real estate and how renting sometimes can be better than buying.
The most obvious reason for renting is that it’s cheaper. This simple fact makes the rental market incredibly profitable. But, if you get stuck renting for five-to-ten years, you may find yourself right where you started. Therefore renting is only a good idea, if it is part of a temporary plan. Renting is a good idea when a person doesn’t have enough money to put a down payment on a home or needs to work on their credit. Renting for a short period of time can help save up the money and fix any credit problems. Renting is also good for people who aren’t sure what they are looking for in a home and neighborhood. It gives the person trial periods in different homes and neighborhoods to see where they eventually want to live - long term.
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