In some countries, some people are renting accommodation, while others are buying own homes. Does renting accommodation has more advantages or more disadvantages than buying a place?

Selecting a
place
to
live whether
Accept comma addition
live, whether
it is on
rent
or own is a hard decision for a person. Mostly people prefer to buy their own
property
,
however
, there are some who have to
rent
it rather than buying. In my opinion, the advantages of buying own
house
outweigh the disadvantages.
To begin
with, to become a tenant than the owner has some advantages for people who have to move from one
place
to another for their work or children’s education. What's more, the maintenance is not a big issue of a rented apartment
this
is because it is the main responsibility of the owner to solve the
property
related problems.
In addition
, in metro cities, living costs are too high and people have to pay huge amounts of money at a same time for the
mortage
a conditional conveyance of property as security for the repayment of a loan
mortgage
and tax related costs to own a
house
.
Therefore
, rather than being under pressure of high debts, it is an excellent decision to
rent
the
house
and pay on
weekly or monthly basis
Suggestion
a weekly or monthly basis
.
On the other hand
, owning a
property
or an asset, bring a sense of achievement in a person’s life.
Moreover
,
house
Suggestion
the house
is a permanent asset and the prices can increase in the future which is a
life-time
the period during which something is functional (as between birth and death)
lifetime
investment.
Besides
, the owner can put is on
rent
and can become another source of income for them.
Furthermore
, in own
place
, a person can make changes according to their own choice.
For example
, he/she can plan, design or renovate it according to their own facilities.
Lat
Suggestion
Last
but not least, there is no one over the shoulder to watch in own
house
for
property
issues or for other reasons which is
great
Suggestion
the greatest
aspect of relief in a person’s life. In conclusion, there are some reasons people have to
rent
the
place but
Accept comma addition
place, but
I think the comfort or joy a person can get in own
house
those are far away from a rented accommodation.

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Topic Vocabulary:
  • affordability
  • flexibility
  • maintenance
  • financial commitment
  • investment
  • stability
  • sense of ownership
  • property value
  • mortgage
  • rental agreement
  • tenancy
  • security deposit
  • real estate market
  • housing market
  • housing loan
  • homeownership
  • residential property
  • landlord
  • tenant
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