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?

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