The Benefits of Renting Over Buying - Blacksburg, VA

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While many people view renting as a stepping stone to buying a home, renting actually carries a number of benefits that can make it a much better choice than buying. Lower Monthly Cost Renting often carries a lower monthly cost than owning a home. When you add up your mortgage, property taxes and insurance, rentals are usually cheaper, especially compared to a low-down payment mortgage that carries private mortgage insurance. Even after rents climbed while interest rates and home prices fell, renting was still less expensive in most of the largest cities in the country if you planned to spend fewer than 10 years in your home.
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