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

In many countries, residents prefer to own their own

home

, but in developed and densely populated cities, renting a

house

has become quite a common way of life.

This

is due to the fact that renting is much cheaper than owning your own

home

.

Moreover

, trends in the

labor

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

labour

market are constantly changing and people are moving to different countries in order to work.

Obviously for

Accept comma addition

Obviously, for

such

people, renting a

house

is a convenient way,

although

owning a

house

has significant advantages. There are several advantages to renting a property . For a small family that consists of three or four people, it is advantageous to rent a property to avoid taxes, mortgage interest, while

also

reducing the cost of

home

insurance. A good example is that in Texas, citizens pay about $ 15,000 to cover taxes and utilities.

This

means that for the money you can rent a two-room apartment and forget about taxes and not worry about paying utility bills. Since people

leave

have a great affection or liking for

love

to work or study in other cities, buying a

house

will cost them dearly. In

such

cases, it is quite reasonable to rent and in the future when moving, the cost will be much less.

On the other hand

, there are several drawbacks to renting real estate that people should consider. Being elderly and not having your own

home

is difficult, especially if you are a senior

citizen

Accept comma addition

citizen, then

then

in any case you will have a shortage of money.

For example

, the owner of your

house

can evict you at any time if there is another tenant that pays more money than you.

Therefore

, you will find yourself in a difficult situation.

Secondly

,

for example

, if you live in a rented

house

for 20 years, during

this

time you could save up for your own

house

. In conclusion, there are many advantages and disadvantages to renting and owning a property. Those who are in the decision-making process should carefully weigh the pros and cons before making a decision, rather than simply considering the monthly expenses.