These days, if a person is older, getting married, establishing a new career or has children, homeownership seems like the obvious option. It is a significant part of adulthood which a person typically faced, regardless if he feels unready for the adversities of homeownership. Hence, some people prefer renting a home rather than owning one, out of practicality. This means a substantial investment is not required as a requisite payment, and merely a fixed rental fee is collected each month.