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