Dear Tenant,

Owning a house is not always the best financial choice. Renting a home or apartment makes more financial sense than buying a home if you aren't planning on staying for more than three years.

You may not have saved enough money to use as a down payment or to pay the other costs associated with buying a home. If that is the case, renting is most likely your best option. Renting makes sense for other reasons as well. Here are a few:

If you want or need the freedom to move easily from place to place.

You are not responsible for upgrading appliances, modernising a kitchen, or for example - replacing a leaking roof.

You may have sold your own property and do not want to be forced into buying your next home in a hurry. Renting would provide a useful stop gap and allow sufficient breathing space.

Maybe your financial status will not allow you to obtain a mortgage to suit your needs.

Or maybe you have been through a separation and are looking for new accommodation.

You avoid the risks that homeowners face - losing the money they invested in their home if housing prices decline. They also risk foreclosure (the mortgage owner taking back the house) if they miss mortgage payments. As a renter, you avoid these risks altogether.

If you are looking for rental property or would like further information please do not hesitate to contact our office.

Kindest Regards,

Neil Sharpe