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What are the benefits of renting a property?

What other payments besides rent is the tenant likely to pay?

Asked on Nov 18 2009, Renting in High Wycombe | Report content

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  • The main benefit is that you have no general repair costs. However, the money you pay in rent is gone forever, rather than accumulated with a mortgage. Other payments are: council tax, water and waste, electricity, gas, contents insurance. You may be able to decorate to your own taste if you agree it with the landlord and they may even pay for the paint if they agree that decoration is needed. You may not be able to make any changes to the garden, so put the plants you buy in pots that you can take with you.

    Answered on Nov 22 2009, Report content
  • There are lots of benefits to renting. Here are just a few: If you are moving to an area unfamiliar to you, you can test the waters. You can move into your new home within weeks. You can move out within months if you choose to. Most rented accommodation is managed by a lettings agent and therefore they deal with all maintenance issues. If you don't have a deposit to buy, you can rent until you have saved enough. Renting is very quick and simple. Extra costs will usually include council tax, gas/electric bills, water bills, home insurance and any other bills that you may have to pay on any home

    Answered on Apr 12 2011, Report content

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