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If you rent your inherited house, your capital gains tax is higher. If you inherit a house that you don't want to live in, you can sell the house or rent it out. If the market's flat right in your area, renting may be the better financial option.It will have an effect on your taxes, though, so take that into account when choosing your options.eassessment. Whether you rent or live in the house, you may see higher property taxes than the former owner. California law limits increases in assessed value to 2 percent a year. When the house changes hands, it gets reassessed to its real worth.
Buying a Rent to Buy home means you will be able to buy at the same time as you are renting. Rent to Buy suits anyone who can afford to buy, but canât get a loan for lack of deposit or for credit default reasons.When you buy a house without a bank loan this way, you pay rent and live in the house as if you were a regular tenant, except that this arrangement goes for an agreed period.nother strategy is called the Deposit Builder. In this case the seller will help you build up a deposit over time, so you can go to a bank later on to get finance. All the while you are also paying off the house directly to the seller.