Renting versus Buying In Tampa Bay Florida: Part 1 of 6

By Tampa Bay Home Buyer Team, October 12, 2009

Renting versus Buying In Tampa Bay Florida

With decreasing U.S. home prices, this question is no doubt running through the minds of many. The decision to rent an apartment, condo, or house, as opposed to buying, is complex and one that should be taken into great consideration.

There are many misconceptions when weighing the option to rent or buy. One of the biggest may be the notion that renting is simpler. When the refrigerator is a rental needs to be repaired, it is usually the landlord’s responsibility but when new homeowners buy a home the responsibility is theirs. Stating that renting is the “simpler” choice takes a narrow view on the issues that go into the buy-versus-rent decision.

In our four-part series we will post a few others.

Stay tuned for Part 2.

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