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

In

this

modern world, it is observed that, many people are interested to stay in rented

house

rather than buying a new home. There are multifarious advantages in staying in a rented

house

and

also

there are few disadvantages, which I will outline in

this

essay. To embark on,

firstly

, financially it is very reliable to rent a

house

, wherein you need to pay particular amount on a monthly basis.

Secondly

, as a tenant, you need not to bother about the services

such

as water, electricity and security, these are taken care by the owner of the

house

.

Moreover

, most of the employees who live in the metropolitan cities are tend to transfer to other places frequently, so most of them prefer to live in a rented flat.

Furthermore

, one must spend huge amount and time to build a

house

with all the amenities in the desired location.

On the other hand

, turning to the disadvantages of

this

trend, it has become extremely difficult in some places to find out a rental

house

. Nowadays, due to the significant increase in the demand for the rental houses, made the rental charges very high.

Moreover

, tenants have to sign the lease for 12 months.

For instance

, my brother, who was recently shifted to Toronto, had to pay a ten thousand dollars in advance.

Furthermore

, if any, equipment is damaged in the rented

house

, tenants are supposed to pay the full price for it. To conclude, there are several merits to be as a tenant

such

as financial and economic benefits, which lead to

this

trend.

However

, there are few demerits, which cannot be ignored like finding a rental

house

in big cities.