In some countries, most people prefer to rent their homes rather than buying them. What are the advantages and disadvantage of renting a home?

Nowadays,

individuals’ spending pattern

Suggestion

the individuals’ spending pattern

an individuals’ spending pattern

has shifted. To illustrate, in most countries, people prefer renting homes

instead

of acquiring them.

This

essay will highlight both merits and demerits of renting a

home

. By renting a

house

, a person can save a living

cost

.

This

is because, it is usually

economic

Suggestion

economical

to

rent

a

house

, for building a new

home

often requires a substantial investment. Erecting a

home

involves

labor

a social class comprising those who do manual labor or work for wages

labour

and material costs, which escalates the overall expenditure. Another merits of living a

tenancy life

Accept comma addition

tenancy, life

is

Suggestion

are

the ease of migration. If a person rents a

home

, they can easily move from one place to another, but if they make one, that may not be the case.

Nonetheless

, there are demerits of leasing a

house

.

Firstly

, building a

home

could be the passive income source. The owner may

rent

their premises and make it an income stream; to illustrate, by renting a flat or a building to individuals and business, they can be at break even.

However

, if they

rent

the building, they will not make proceeds.

Furthermore

, constructing a building is often an arduous process, for it mostly involves a lot of hassle. The time and

cost

constraints make it better to

rent

the building rather than making one.

For instance

, building a

house

will take an enormous time and effort;

similarly

, the

cost

is

also

higher than renting the premises. In conclusion, while there are several advantages of renting a

house

like reduced living

cost

Suggestion

costs

and

a

Suggestion

an

ease of migration, we must take into consideration the obvious demerits

such

as deduced income streams and hassles of building

home

Suggestion

homes

.