If you are a young couple just starting out, renting a house is a great way to test the waters of home ownership. Sure the money you pay doesn't go into home ownership but it gives you a taste into what it's like to own a home and take care of a house. Renting a house also gives you a lot more privacy than renting an apartment.
If you do decide to rent a house, make sure you have renters insurance. That is also true if you rent an apartment. Sometimes people overlook this because they view it as a waste of money but you have to think about the what ifs. What if there is a fire and you don't have renters insurance? You will lose all your belongings and have no option to get any money from the lost items.
Protect yourself and your belongings and get the renters insurance. Renting can be stressful but you don't need to make it more stressful by not getting that insurance. Good luck with the house search!!
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It depends on the relative cost of buying versus renting in your area. In many places it costs less on a monthly basis to buy a home than to rent one, but in some locales rent is very cheap compared to buying a house.
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