July 27th, 2008 7:56 AM

His family kept telling him he should purchase a home of his own. He was a successful entrepreneur who enjoyed entertaining friends and family. He believed there are many benefits to looking into single family house rentals in his area instead of purchasing. By not purchasing he is responsible for very little maintenance and many amenities are included in a home he rents. And he is able to save money to put toward a home purchase in the future.

Rent on single family home rentals are often less expensive than a monthly mortgage on a home. Often the home is smaller than a home someone would purchase. By renting they can begin saving for the down payment on the home of their dreams.

Most house leases provide some type of maintenance on the property. The renter might be responsible for small repairs such as changing light bulbs and fixing clogged drains and maintaining the lawn while the owner is responsible for any major repairs such as broken windows, leaky roof or non running heating units.

Another benefit he sees with renting single family house rentals are the included amenities. Purchasing a home with a pool is often considered a luxury and not available in many homes. He can rent a home with a pool for a lot less. Cable television is often included in many homes that he can rent as well, sometimes included in the rent. If he purchased a home, cable would be an extra expense.

The property owner sets the price of the rent based on several factors. The first is the area the home is located and its comparable houses listed. Another thing the owner will add to the rent he charges is the included amenities. If cable, water and electricity are a part of the rent, the renter will pay a larger fee. The owner charges them a set amount for the utilities each month and the renter has the freedom of paying only one bill for living expenses. 

He feels the benefits of renting a house outweigh renting an apartment as well. With single family house leasing, there is more outdoor space. Since he enjoys entertaining friends and family, having a yard and deck provides additional room. With a home, he has more control over his parking options since most homes he would consider renting have private drives. And a house lets him have a lot more privacy. He will not have to worry about neighbors on the other side of a connecting wall. A house can have several bedrooms, multiple bathrooms and a front porch as well.

The cost of single family house rentals can be offset by taking in a roommate. Rent for a house can cost between 800 dollars and 1800 dollars a month. Add to that the cost of utilities not included in the rent as well as phone and food costs. By taking in a roommate, the fees can be divided evenly so each renter saves more.

Another benefit of renting the entrepreneur sees deals with the taxes of homeownership. When purchasing a home, the owner is responsible for property tax or house taxes. You will not need to carry insurance on the property itself, although it is a good idea to have a renters policy to cover your belongings.

Renting single family house rentals is more advantageous now during the uncertain market and low job security. Money saved by not buying can be invested into other fixed investments. 

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