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It’s a battle of perspectives — properties can be purchased or leased; homes can be claimed or simply borrowed. The differences are endless and the values are often questioned: with many individuals wondering if renting can provide the same results as ownership.

It can.

Renting provides unique advantages and shouldn’t be dismissed:

Lack of Responsibility

Stone and timber, the tangles of electrical wires: a home is composed of countless little complications — each of which can demand time, money and patience. Those who own their properties must navigate these efforts alone. Renters, however, can instead rely on their landlords. Those who choose to lease houses, apartments or other forms of lodging will have fewer responsibilities regarding the care of those lodgings. All concerns must instead be addressed by others.

Equity Maintenance

There is no equity to gain through rental properties. Too often is this considered a deterrent, a proof of poor investing. The truth is far more favorable, though — while no equity is earned through leasing, no equity is subsequently lost. Those who own properties, however, may see their scores tumble if mortgages cannot be paid or a home must instead be sold prematurely.

Freedom

Life is defined to change. The years offer infinite possibilities — with individuals able to transform themselves, their families and their careers. Trying to welcome such revelations is challenging, however, when a property is owned and cannot be sold easily. Leasing ensures that there are no obligations to consider. All renters can simply move as needed.

The ability to lease a home — rather than purchasing it — should be considered by all. Its rewards are many.