Getty ImagesRenting a home can give you more flexibility and financial freedom than buying your own place. This can be a double whammy for homeowners; if you don’t spend the cash on this sort of upkeep, you’re essentially devaluing your own property. If you’re renting, there’s no need to worry about maintenance costs. Because renters don’t need to insure the actual building they live in – that’s down to the landlord – it can dramatically reduce insurance costs. If property prices fall and you need to sell, you run the risk of losing a lot of money.

Source: Huffington Post November 16, 2020 09:00 UTC