Nobody downloaded yet

Deciding whether to buy or rent - Research Paper Example

Comments (0) Cite this document
A number of factors must be considered when deciding whether to buy or rent. One such factor is the duration for which one is going to use the asset for. For…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.3% of users find it useful
Deciding whether to buy or rent
Read TextPreview

Extract of sample "Deciding whether to buy or rent"

Download file to see previous pages As the number of years that a property will be used increases, the advantages of buying also increase.
Flexibility is another issue to consider when deciding to rent or to buy. For instance, if one wants an asset that he can leave and go for another option, renting would be the best choice for such a person. Renting means that the person is only attached to the house for only one month at a time and this means that the person can move out if and when they want. This is unlike buying, because once a property is bought, disposing the property can be a very difficult process and in the case where the owner wants to move to a different option, the owner may have to wait for months or even years before he is able to dispose the property.
The other factor to consider when deciding to buy or to rent is the cost of maintenance. As Jared (20) asserts, when a property is bought, the owner is responsible for all the maintenance costs that the property will require. On the other hand, renting relieves the burden of any costs associated with maintenance of the property. For instance, if a home needs repair, the owner of the house is the one who is going to pay the cost of repair. If one intends to avoid the high costs of repairing and maintaining the property, the person may need to consider renting rather than buying the property. In cases of expensive assets, the other maintenance costs that the owner of the property will have to incur will be the insurance costs, which will be used to insure the property against any form of loss.
Once a property is bought, any risk or risks associated with the property will have to be borne by the owner (William 12). Renting on the other hand means that the person does not own the risk, and that if the risk materializes, the person will not have to bear the risk. This is very important for a person seeking to own or rent a ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Deciding whether to buy or rent Research Paper Example | Topics and Well Written Essays - 1250 words”, n.d.)
Deciding whether to buy or rent Research Paper Example | Topics and Well Written Essays - 1250 words. Retrieved from
(Deciding Whether to Buy or Rent Research Paper Example | Topics and Well Written Essays - 1250 Words)
Deciding Whether to Buy or Rent Research Paper Example | Topics and Well Written Essays - 1250 Words.
“Deciding Whether to Buy or Rent Research Paper Example | Topics and Well Written Essays - 1250 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Deciding whether to buy or rent

Should i buy or should i rent

..., this essay discusses the process project evaluation, techniques of evaluation, theory of interest rate, real situation of mortgage business in United Kingdom specifically the interest rates and other important figures. In the end I attempt to answer a question on whether to buy a home or rent a house. I use the conventional methods of evaluating new ventures to arrive at a decision of buying a house. Capital investments involve spending money on assets that are used to make the business operational. These monies go into meeting the demands of the project. Such demands include wages, utilities costs, land, rent and equipment. This often require colossal...
12 Pages(3000 words)Essay

Deciding Right from Wrong

...? Deciding Right from Wrong Larry Stewart Regis Ethics in Information Technology MCSI 610 Deciding Right from Wrong Since the evolutions of the human being on earth, the history of the right and wrong started. Bible says that, the first human Adam committed a wrong thing when he ate a fruit which was denied to him by God. Adam committed the first sin or wrong thing under the influence of evil forces. In other words, evil forces were there even before the creation of the first human Adam. Since the first sin committed by Adam, the segregation of the right thing from the wrong thing has started in the world. However, even after thousands of years, we are still unable to make universal principles with...
4 Pages(1000 words)Essay

Musical Rent

...Musical Rent The musical rent is a rock music produced by Jonathan Larson. This song was partially created from Giacomo opera La boheme. It narrates the story of a young group of impoverished young musicians and artists who were struggling to survive while creating their work in New York City. Most of these artists and musicians spent most of their time living in Lower East Side of New York City during the period of Bohemian Alphabet City. All this things were happening under the looming shadow of AIDS. This paper provides a review of musical rental, including an argument about its relevancy to the contemporary world. The musical rent describes the life of young adults who chose to live...
2 Pages(500 words)Essay

Buy me buy me

...School Commercialization with its Adverse Effects, is Still in Full Force! Alex Molnar, the director of Education Policy in Arizona State University, has long been advocating the appropriate educational practices. His article ‘Buy me Buy me’ focuses not merely upon the fact that the corporations are ravaging the educational sanctuaries, but he also stresses that this issue has recently been less addressed by the education media. He mentions several arguments against the commercialization of educational institutes, and builds up the article in a rhetorical fashion with a strong ethical audience appeal. Molnars stance is subjective in the article and is based on the ethos of audience appeal in a rhetorical...
2 Pages(500 words)Essay

Deciding to decide review

...Deciding to Decide Review Affiliation: The role played by the Supreme Court is ultimately fundamental. Lower courts determine their cases independently, but the Supreme Court has to come in and handle petitions after they have been determined to be certworthy when need be. Petitions filed at the Supreme Court are scrutinized, assessed, and evaluated on a number of bases, the concern being their certification for Supreme Court attention. Cert. criteria are strict and petitions are highly subjected to assessment in order to determine their certworthiness. The ultimate objective here is to ensure that petitions are justified to be heard at the Supreme Court. Justification of petitions at the Supreme Court...
2 Pages(500 words)Essay

(not deciding)

... February 7, High Renaissance Art: Unity in Pictorial Representation of Religious Themes High Renaissance departs from early Renaissance because of the former’s emphasis on unity in its pictorial composition. While Leonardo da Vinci, Michelangelo, and Raphael are some of the most prominent high Renaissance masters, other painters also captured the cohesive and balanced composition of high renaissance style. These paintings are Madonna and Child with Saints and Angels (ca 1510-1515) by Bernardino Fungai (See Appendix 2), Madonna and Child with St. Jerome (ca 1504) by Benedetto Diana (See Appendix 1), and The Flight into Egypt (ca 1520-1530) by Battista Dossi (See Appendix 3). These paintings all belong to high Renaissance style... February 7, ...
6 Pages(1500 words)Essay

Not deciding yet

...Employment Effects of a Minimum Wage Increase According to the research study, it is possible to say that employment effect is negativelyrelated to the increase or decrease in the minimum wage rate. However, it seems very unusual that increase in a minimum wage rate may cause a decrease in the employment rate. The reason may be the monopoly of the employers, i.e. they may have many other options of hiring cheap labor as compare to the US labor market. Due to the availability of cheap labor market, the increase in the minimum wage rate may cause a decrease in the employment rate of that particular US labor market. In other words, we can also say that the gradual increase in the minimum wage rate will show relatively negative values...
2 Pages(500 words)Essay

Deciding whether to use flexible staffing

...Flexible staffing Introduction Human resource management is among the most important management functions in an organization. Human resource is the most important asset in an organization a feature that influences the strict hiring and management process that most organizations employ. The numerous social and cultural changes influence the labor industry as employers seek particular features in their employees. Such changes influenced the development of the staffing industry. The unique industry operates in the provision and effective management of qualified human resource to companies who in such cases act as the third party clients. Flexible Staffing Services, FFC, is a late entrant into the staffing industry priding itself... staffing...
3 Pages(750 words)Case Study

Horaces Blockades -- To Rent or Buy

...but he is faced with the dilemma on whether to sell rent the contract, lease it or to buy more barricades since his barricades were already on another construction contract. The report compares benefits of renting the contracting to buying more barricades. After looking at the problem which causes the dilemma, the report provided some recommendations that. Horace should purchase new barricades to complete the contract by himself (Migliaccio, 2011). Horace’s dilemma on whether to purchase barricades or to rent the contract seeks for critical considerations. The main idea in this case is to avoid incurring loses while the...
2 Pages(500 words)Case Study

Retention - Deciding to Act

...Retention - Deciding to Act By reviewing the provided case study, it can be analyzed that Wally’s Wonder Wash (WWW) Company has been suffering from a huge loss. The case further reveals the fact that the concerned company has been spending a huge amount of its total earning in providing remuneration to attendants and customers service providers. However, by reviewing the provided case study, it can be identified that turnover is not actual problem behind the loss of WWW Company. The actual problem is development of proper human resource management within the company’s operational process. In this context, it can be further mentioned that WWW does not have efficient skilled management team, which will be responsible for controlling...
4 Pages(1000 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic Deciding whether to buy or rent for FREE!

Contact Us