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The financial benefits to home ownership are often overstated. But renting has two big non-financial benefits that you shouldn’t overlook. Renting gives you flexibility. Most rental leases are only a year long. If you aren’t ready to commit to living in one place for five years or longer, renting lets you stay as long as needed.
Freedom of renting gives you less expensive of major maintenance. When you purchase a home, get ready to spend thousands on plumbing leaks, flooring, worn out appliances, and other expenses. When you rent, no worry about maintenance $$$. Make no mistake, it’s a big benefit being a renter.