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Although there are few better ways to accumulate wealth than investing in real estate, for many people, there also may be solid reasons to rent their home instead of own.

Among them:

  • Renting provides locational flexibility;
  • Renters don't pay property taxes;
  • Renters have few if any maintenance costs;
  • Many amenities (such as Wi-Fi or gym use) that homeowners pay for are included in rent; and
  • Renters often have lower utility bills than homeowners.

But not all rental markets are equally inviting. While some cities boast affordable rents, they may not have welcoming job markets are ample parks to visit.

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Elana Ashanti Jefferson

Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].

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