Pros and cons of renting... - Renting a property

The pros:

Renting allows you to suss out a place before you put down more permanent routes
It gives you the freedom to up sticks and move whenever you like (more or less)
No mortgage worries
No large deposit, just typically a months rent (whatever that may be)
The overall cost can be cheaper than buying a home
Flexibility – you can give relatively short notice to move
There’s a possibility you could rent in the place that you wouldn’t ordinarily be able to buy-in
The landlord of the property is responsible for the maintenance (boiler, leaks etc.)
It can be a sociable experience living with others

Security
Unable to change décor and or other aspects of the home without the landlord’s consent. Little creative control
No control over rent fluctuations
It can be unsettling for children if you rent as a family
A tenant is bound by rules of the lease agreement, and thus the landlord so restricted flexibility
No long term financial return on investment
Depending on what you can afford, you may need to share a house with others
You are paying for someone else’s property i.e. the landlord is making the profit, not you