In some countries, people prefer to rent a house for accommodation, while in other countries people prefer to buy their own house. Does renting a house have more advantages or disadvantages than buying a house?

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Selecting a place to live in and whether to
rent
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it or own it is a big decision to make. Many people prefer to own a
house
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rather than living in a rented
apartment
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while there are others who choose to do exactly the opposite. I believe that owning a
house
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has far more advantages than renting an
apartment
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.
To begin
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with, people often
rent
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a
house
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because purchasing a property requires a great deal of money and the skyrocketing price in big cities makes it impossible for many to even dream to own a
house
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. These people naturally
rent
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an
apartment
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. There are certain advantages of living in a rented
apartment
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.
First
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of all, the person does not have to pay a huge sum of money at a time and does not need to pay taxes and bear the costs of maintenance.
Moreover
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,
such
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people can change the living place based on the location of their workplace and children’s school. The renovation of the
apartment
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is the landlord’s responsibility and the tenants do not need to worry about it.
On the contrary
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, owning a
house
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gives a sense of personal achievement that tenants cannot enjoy. A
house
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is a permanent asset and with time its price increases. The landlord can
rent
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the
house
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and
this
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can be a steady source of earning for him.
Furthermore
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, being the owner of a
house
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means there is no one over the shoulder to watch what someone is doing and no sudden notice for evacuation.
For instance
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, we had to
vacant
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vacate
our
apartment
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all of a sudden at least thrice until we purchased our own
house
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a decade earlier.
This
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is a great freedom which only
house
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owners have.
Besides
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, the owner can construct the
house
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the way he likes and enjoy open space, garden, and other facilities in the
house
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. To conclude, renting a flat has some
benefits but
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benefits, but
the overall freedom and monetary compensations
house
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owners enjoy are far significant and
this
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is why every tenant dreams to own a
house
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someday.
Submitted by mathewt28 on

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Topic Vocabulary:
  • accommodation
  • flexibility
  • mobility
  • cost-effective
  • upfront investment
  • homeownership
  • equity
  • appreciation
  • stability
  • security
  • customization
  • financial security
  • asset accumulation
  • responsibilities
  • maintenance
  • repairs
  • property taxes
  • housing market
  • accessible
  • amenities
  • utilities
  • landlord
  • individual circumstances
  • financial stability
  • lifestyle preferences
  • long-term plans
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