Student Letting Research Paper

Some people might think that renting and owning are pretty similar, but they do have a lot of differences that people tend not to think about. In fact most people don’t do a lot of research on the differences and similarities. Renting a place to live is a wiser choice and is cheaper in the long run, but having a place that you own has a lot of advantages to. Some differences that people don’t think about are maintenance, utilities, and restrictions.

A house is typically has multiple bedrooms with two levels. They range in prices renting wise or if you would purchase. It could be in a great location or a very horrible place. Though, my horrible could be your dream. No matter where you live and what you chose, you want to make sure your surroundings are in your liking. The neighbors can’t be too noisy or nosey. You want to make sure the amenities are close by or even in your neighborhood.

standings and are more difficult to enforce. Before signing a rental agreement always conduct a preliminary walk-through in the actual premises you intend to rent, so as to identify any problems that should be fixed before you rent. Verbal promises made by the landlord to fix the

But on the other side, if you are renting, unless you damage the property, you don’t have to pay for fixing repairs.

A deposit of $100 dollars will be required at the time you sign the rental agreement.

Typically when renting an apartment or house, there is much less responsibility. Depending on whether or not the place is furnished, you could possibility not have to furnish your place. Usually though the appliances are included when renting an apartment, but typically not a house. A renter is not responsible for making any repairs to the home, or the property. Another thing that is not included when renting is the property taxes or house insurance [ (McCay & Hawks, 2002.) ] A renter though must have Renter 's Insurance to cover any damages that are made to the renter 's own property [ (McCay & Hawks, 2002.) ] These two things could be very costly to a home owner. Of course you are responsible for renter 's insurance, but it is usually cheaper than home owner 's insurance. When you are home owner the amount of responsibility could be overwhelming for some people. Especially if you are a first time home owner, and have been renting since you moved out of Mom and Dad 's place.

Contract and landlord tenant law is extremely intricate and detailed and each party must hold up their end of the deal. Otherwise, the legal ramifications can be far reaching for the of-fending

| * Very little security, tenants can be evicted without a formal right to appeal with only two months notice * Private renters usually have to provide an initial rent & deposit before moving in. This can prove costly

People in rental housing often think the landlord has it covered. This is partly true: If something bad happens to the building structure, the landlord is responsible for it and likely has appropriate coverage. However, the landlord is not responsible for replacing the contents of the building. In other words, your personal possessions are not covered in the event of fire

The renter does not have to mow the lawn, pull weeds, and clean the yard. So when you wake up on a Sunday morning and it is a beautiful day out, and you just want to lay in the hammock and take a nap you can. In the winter, the renter does not have to worry about getting up for work early to shovel the snow. Owners can lay in the hammock once all the lawn care is done, and probably will not have the time to enjoy the nap on the sunny Sunday afternoon. When there is a winter with a lot of snow, the owner will have to be spending lots of time shoveling the walkway and driveway. The owner can hire a company to deal with snow removal, but can be very expensive. When it comes to moving, renters can just pack their things and go. Owners cannot just pack their things and go. Owners will have to spend the time finding a new buyer for their house. There are many rules renters have to follow. The only rules an owner needs to follow are the ones that their city, town, and state require. To knock down a wall in a rented home, they would first need to get permission from the landlord. The owner can knock down any wall they like without getting permission

As a tenant and as a property owner, you both have rights and responsibilities that is included in a tenancy agreement. In order to avoid any misunderstandings and problems it is very important that you both understand the rules of renting a home/apartment and the rules to allow someone to rent you home/apartment. Ordinarily, when an individual pays someone to live on their property, they become a tenant at which time they are protected by a law that is governed in their state.

Students are going to be living in apartment for a while, so consider the location is also really important. Is it easy to get in and out? Is it close to school or grocery store? Also, is the neighborhood safe? For the safety problem, Pullman is a small college town. Most of the apartments are nearby each other around the campus, therefore, safety is not a really big issue for us. However, the apartments which more near from the campus should be more secured.

Buying a home can be an exciting experience for anyone. However, in some cases you just might be better off continuing to rent your home. There are many advantages to buying a home. However, it is not for everyone and buying varies from individual to individual. Currently more people are leaning towards renting but this could change in the near future.

Some individuals may believe that buying a home is part of the American dream and that renting an apartment does not compare, yet satisfied renters would disagree. Even though owning a home provides a sense of security while allowing modifications without permission, renting is preferred more often over buying because the expense of updating, monthly payments combined with utilities, and paying insurance on a home comes with a high price tag. A homeowner does have several luxuries such as forming lasting friendships with their neighbors, making landscaping changes to their yard, painting and designing their home. While that remains true, renting an apartment comes with several different options and

Why spend money that is really needed for other things? Why live uncomfortably? Why be trapped in this hole called a home that belongs to another person? Why not live free and peacefully? When a person rents he or she usually throws away money that could be used to purchase something that belongs to them. Money is not easy to come by so why pay out hundreds toward something that is not benefit to the person paying it out. There is no good explanation for making a decision like this. The best option in a situation like this is to buy a house. Buying a house is a better option than renting an apartment.