The Single Renter
The Families with Kids
The Renting Landlord
Landlords often rent out their property, as opposed to live in it themselves, for a variety of reasons. Whether it’s not big enough, too close to the city, or too close to your in-laws!
The Recent Divorcee
The Traveling Contractor
Many contractors go where the work takes them. That means traveling from one job to the next and not laying down roots anywhere specific or permanent. Contractors who move from one company to another have the benefit of high day rates and lower taxes compared to a more permanent employee.
As contractors move from one position to the next, often, so does their location. In this situation, renting is really the only option unless the contractor wants to live in a hotel, commute absurd distances, or constantly buy and sell a property.
The Soon-to-be Married
Most people reach a point in their life when they’re ready to settle down. Whether you’re in a long-term relationship or at that prime age and hoping to find Mr. or Mrs. Right, you need somewhere to live in the meantime.
Renting makes the most sense for singles on the verge of marriage. Once you tie the knot, you can look into purchasing a home and making a large deposit thanks to your combined incomes.
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