What are the advantages of renting a residential property instead of buying one?

Renting is more flexible and cost-effective than buying.

Detailed:
✅ Lower Upfront Cost – No need for a huge down payment.
✅ Flexibility – Easy to relocate.
✅ No Maintenance Hassle – Major repairs handled by the landlord.
✅ No Market Risk – No impact from property price fluctuations.
✅ Prime Locations – Affordability in high-end areas.

❌ No Ownership Benefits – No asset-building.
❌ Rent Increases Over Time – Monthly expenses rise.
❌ Limited Control – Restrictions on modifications and pets.