Renting is good but you should also consider lost of disadvantages. As a renter, your landlord takes care of things like leaky faucets, malfunctioning appliances and more serious repairs, including roof, siding and foundation problems. As a home owner, the ball’s in your court to take care of these problems and they can get expensive. When you’re considering homeownership, take the time to determine whether or not you’d be able to cope with an extra $1,000 of repairs you weren’t expecting at any given time. If you need help paying your rent this month, you can get an installment loan.