Best answer
Another financial benefit to renting,over buying a house of your own ishaving access to amenities that would otherwise be an enormous expense. Luxuries such as an in-ground pool or a fitness center come standard at many mid-scale to upscale apartment complexes with no additional charge to tenants.
People also ask
Is it better to rent an apartment or buy a home?
Both renting an apartment and buying a home have advantages and disadvantages to consider. For both financial and personal reasons, you may discover that owning your own house outweighs the expenses.
What are the benefits of renting vs owning?
One of the major benefits of renting versus owning is that renters don have to pay property taxes. Real estate taxes can be a hefty burden for homeowners and vary by county. In some areas, the costs associated with property taxes can amount to thousands of dollars each year.
What are the financial benefits of renting an apartment?
Another financial benefit of renting is having access to amenities that would otherwise be an enormous expense. Luxuries such as an in-ground pool or a fitness center come standard at many midscale to upscale apartment complexes with no additional charge to tenants.
Do renters have a better financial deal?
Another area where renters have a better financial deal is the up-front cost. Renters generally have to pay a security deposit that is equal to one month rent. And that’s usually all.