Renting vs. Buying?
More and more people around the world are finding value in renting vs. buying. No matter what it might be, the available products and services are astoundingly diverse. Many people believe that renting things like bikes, cars, kayaks, RV’s, Hotels, Homes, apartments, fences, porta-potty’s, tools, heavy equipment, event and party rentals and kids bounce houses, saves them lots of money.
This is a large industry that brings real value to the consumer. Someone recently said to me, “Renting is just flat out better than buying in most cases simply due to the ease and affordability of renting”.
For example; buying a house can be much more expensive with the upfront down payments rather than just renting one, which can be much less of a hassle especially if your long term plans aren't that certain. A buyer has much more financial responsibility than a renter does, considering costs like mortgages, utilities, insurance, random taxes, and those dreaded maintenance costs.
Traditionally, here in the USA, most folks have thought that owning is better than buying. But if you stop and take into account the benefits of renting, many folks are rethinking those traditions.
Renting can be a great option for people of all kinds due to the fact that renting gives you tones of flexibility, financially and otherwise. There are no long term commitments that can put you in a stressful financial bind. You don’t have to pay maintenance costs. So if you do decide one day to move from one apartment to the next, check-in a hotel room today and check out tomorrow, rent a bike today then rent that beautiful sports car to show off at the high school reunion tomorrow, you can just return it and you may not even have to wash it!
Think of all the items we just had to have! We use them a few times and then we rent a place store them. And for some of us, by the time we use them again, they are outdated or the lack of proper maintenance has rendered them unusable. We sometimes kick ourselves thinking, “If we would have kept the money and just rented”.
Renting is slowly but surely becoming one of the best ways to save more money and to later become more credit worthy when looking to own something in the future. Though many people believe that renting is throwing money away, renting gives a person a great chance to save money to buy later.
More and more people around the world are finding value in renting vs. buying. No matter what it might be, the available products and services are astoundingly diverse. Many people believe that renting things like bikes, cars, kayaks, RV’s, Hotels, Homes, apartments, fences, porta-potty’s, tools, heavy equipment, event and party rentals and kids bounce houses, saves them lots of money.
This is a large industry that brings real value to the consumer. Someone recently said to me, “Renting is just flat out better than buying in most cases simply due to the ease and affordability of renting”.
For example; buying a house can be much more expensive with the upfront down payments rather than just renting one, which can be much less of a hassle especially if your long term plans aren't that certain. A buyer has much more financial responsibility than a renter does, considering costs like mortgages, utilities, insurance, random taxes, and those dreaded maintenance costs.
Traditionally, here in the USA, most folks have thought that owning is better than buying. But if you stop and take into account the benefits of renting, many folks are rethinking those traditions.
Renting can be a great option for people of all kinds due to the fact that renting gives you tones of flexibility, financially and otherwise. There are no long term commitments that can put you in a stressful financial bind. You don’t have to pay maintenance costs. So if you do decide one day to move from one apartment to the next, check-in a hotel room today and check out tomorrow, rent a bike today then rent that beautiful sports car to show off at the high school reunion tomorrow, you can just return it and you may not even have to wash it!
Think of all the items we just had to have! We use them a few times and then we rent a place store them. And for some of us, by the time we use them again, they are outdated or the lack of proper maintenance has rendered them unusable. We sometimes kick ourselves thinking, “If we would have kept the money and just rented”.
Renting is slowly but surely becoming one of the best ways to save more money and to later become more credit worthy when looking to own something in the future. Though many people believe that renting is throwing money away, renting gives a person a great chance to save money to buy later.
