April 17, 2023

Which Best Defines the Benefits of Renting a Home?

which best describes the benefits of renting a home everfi

Which best describes the benefits of renting a home?

Whether you’re looking to move, a family is growing, or simply want to get away from the stress of owning a house, there are several advantages to renting. Especially as prices continue to rise across the Wasatch Front, it’s important to understand why people choose to rent their homes and what the benefits are.

Cost Savings

One of the most obvious benefits to renting is that you don’t have to worry about maintenance and repair costs. If your air conditioner breaks down, paint peels off, or your hot water stops working, you call the landlord and they take care of it for you.

No Property Taxes

Another reason to rent is that you don’t have to pay property taxes on your home. This can be a huge savings for those on a budget.

More Freedom to Move

The most significant benefit of renting is the flexibility you have to move as your life circumstances change. Rather than being locked into a 30-year mortgage, you can break your lease early and head somewhere new.

Community & Social Events

Many renters are choosing to rent over buying because they want more freedom to enjoy their hobbies, work, or spend time with their family and friends. They also want to have access to amenities that may not be included in a purchase of a home. Rental buildings often provide social events and community rooms that encourage residents to interact with each other.


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