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Depending on your financial situation and preferred style of living, there are many advantages to renting: 1  Renting a home can be cheaper than buying a home. 2  You have more flexibility when you rent. 3  Your landlord, not you, is responsible for performing nearly all maintenance and repair work on the property.
College towns and metropolises are famous for high turnover rates and demand for rental properties. At transient times in life, renting has made sense. Meanwhile, buying was that solid commitment to stay and root into one particular place. Financial Benefits: Renting vs Buying a Home The aforementioned tax write-offs and property investment have long been the stalwart argument for buying. But might it be possible to save more each month and retire earlier by consistently renting?