Introduction:There are numerous reasons to rent instead of buying a home. Here are a couple of the most revelant reasons to rent.
A couple just starting out has to merge two budgets and may not have the resources yet to buy a new home at the time when they first get married. Renting for several months or a year gives them a chance to get used to their new budget and/or save for a down payment.
You may find the perfect place to rent that has a low rent. If you are satisfied with the home/apartment/condo, then go for it! It's all about what you are comfortable with paying on a monthly basis.
This one goes along with Number 1 on the list. You may not have a down payment, which is now required for most loans to purchase a home.
The big items on your rental property are not your concern when it comes to repair. If the roof leaks, the owner is responsible. Same for the hot water heater, the air conditioner, etc.
You may not be able to find a home to purchase in the location where you want to live, or you may not yet have the money to purchase a home in the area where you desire to live. A good location convenient to kid's school, your work and local stores is usually desired.
select one here...