The dream of many families is to have their own home. Historically, either family wanted to build their own homes or rent a house from someone else.

In this article, we discuss the reasons why renting makes more financial sense than owning a house.

1. The benefit of renting is that they have no maintenance expenses or repair bills because the landlord is responsible for all maintenance, renovation and repairs.

   If the homeowner wishes to fit these facilities, it is likely to cost thousands for installation and maintenance.

2. One of the major benefits of renting versus owning is that renters don't have to pay property taxes. Real estate taxes can be a hefty burden for homeowners.

3. Advantage of renting a room is that you have a private place of your own to stay. If you're on the move a lot, or are taking a vacation, or you need to be near your work, then this can be practical way way. The price of a home can be expensive.

4. Flexibility: Renting an apartment may offer more flexibility than owning a home, as you can typically move out at the end of your lease without the hassle of selling a property.

5. Maintenance: When you rent an apartment, the landlord is typically responsible for maintaining the property, which can save you time and money.

6. Location: Renting an apartment may allow you to live in a desirable location that may be out of your price range if you were to buy a home.

7. Security: Many condos have security features such as gated entrances or security personnel, which can provide an added level of safety and peace of mind.