Term Papers on Renting

Term Paper Title	Renting
# of Words	556
# of Pages (250 words per page double spaced)	2.22

Renting

Against
Renters...

·  Don't have to put down as much money up front. There is no need to borrow money from banks to buy a home for yourself and, as rent is paid weekly/monthly, this is the better option, for people who may not be financially secure.

·  Don't gain equity; nor do they lose it. Regardless of what improvements renters make to their homes, and any outside influences that cause the property value to increase - renters will never gain equity.

·  Often cannot personalize their homes as they see fit. This includes such modifications as painting walls, but some landlords will allow renters to paint their walls only if they paint them white again before they vacate their homes, or removing carpet in exchange for floorboards.

·  Reap no tax advantages. Any and all tax breaks and other tax-associated advantages are enjoyed by landlords.

For
Renters...

·  Enjoy the assurance of fixed costs that won't fluctuate during the term of a lease.

·  Can merely pack up and leave upon the expiration of their leases. They don't face the hassle of finding a buyer and waiting until a sale takes place. This is very convenient for people whose jobs or lifestyle require frequent moving.

·  The lease is a contract - an insurance policy, so to speak.

·  Face much less work in maintaining their homes, inside and out. In many multifamily properties, they enjoy the convenience of a full-time maintenance staff to handle appliance repairs and other minor repairs.

In general, renting a home makes sense for those who:

o Think they may want to leave the area in a few years.

o Like t...

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