which of the following is and advantage of renting your home over buying?
- there are fewer hassles involved with moving
- you can renovate or remodel if you want
- your rent can increase over the years
- you can stay in your home as long as you want
The advantages of renting your home over buying are as follows:
- There are fewer hassles involved with moving. As a renter, you have more flexibility to change residences without the responsibilities of selling or buying a property.
- You can renovate or remodel if you want. Generally, renters have more freedom to make changes to their living space without the same restrictions and approval process that homeowners may face.
- You can stay in your home as long as you want. Renting allows for greater flexibility, as you are not tied to a long-term mortgage commitment. You have the option to move out or renew your lease based on your preferences and needs.