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What are the advantages of renting an apartment instead of buying a house?
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The primary advantages of renting an apartment versus buying a house include flexibility, lower upfront costs, and fewer long-term costs and responsibilities. Flexibility is key since you can choose the terms of your rental agreement, whereas buying a house would entail a longer commitment. In addition, renting an apartment generally requires less upfront costs, such as deposits and fees, while buying a house requires a large down payment. Lastly, renting an apartment typically requires fewer long-term costs and responsibilities, such as property taxes, insurance, and maintenance.