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Renting To Homestead?!? (Here’s The Pros And Cons)
Image source: rentfapro.com
So you want a homestead but are not in a position to buy the perfect place just yet? Having personally both rented an off-grid home in the middle of the high desert in New Mexico and owned another homestead, I understand the advantages and disadvantages of each.
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At the end of the day, what is most important is that you are comfortable with the place you call home and that it meets your family’s needs. Sometimes, the ideal place is not for sale but you can find a great place for lease.
Here are a few pros and cons when it comes to renting a homestead versus purchasing one outright.
Pro: You Get to Try Out an Area
If you are unsure as to whether a certain region will suit your needs, renting allows you an opportunity to try out the location without investing a whole lot. If after your lease period is up you have fallen in love with the place, you may want to take steps to establish a more permanent home. However, if the lease period has been riddled with doubts, you may need to investigate other options.
Source: http://www.offthegridnews.com/how-to-2/renting-to-homestead-heres-the-pros-and-cons/
