Question

What is an advantage of renting a place to live?

lower front costs
payments chance from month to month
low down payment
increase equity over time​

Answer 1

lower front costs

Step-by-step explanation

Owning a home requires some substantial capital outlay. Due to the high-cost involved upfront, people who cannot raise a lot of money at once opt to rent.

Renting a house requires a lot less money as compared to owning a home. One needs to find a house whose rent obligation is within their means. He or she engages the landlord and sign a tenancy agreement. Once the deposit and rent are paid as agreed with the landlord, they can start living in the house.