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

One of the factors that affect people’s lifestyle and the size of the savings they accumulate over the years is abode. To maintain the stability of those, many people would rather

rent

their houses

instead

of purchasing them.

This

prevalent trend would create certain

benefits but

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benefits, but

there are

also

some drawbacks.

Initially

, residents can benefit lower utility costs from living in

rent

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rental

homes.

Although

houses may vary in size, they are generally more commodious than rental apartments.

Therefore

, it is more expensive to heat, and even electric bills can be higher. Rental properties typically have a more compact and efficient floor plan making them more affordable to heat and power than a home. Another advantage

renters

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renter

have

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has

over homeowners is that they do not have to pay for the maintenance costs or repair bills. When living in a

rent

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rented

rental

home, if there

is

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are

any appliances which are out of order, the landlord will take the responsibilities

for

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of

having them fixed.

Also

, homeowners have to allocate for all home repairs and renovation

costs which

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costs, which

can get quite costly.

Hence

, it is a more frugal

way when

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way, when

people prefer to live in renting homes. Despite those upsides of leasing homes, there are still some downsides when choosing living in there. The competitiveness of life is getting increasingly, which

also

means rents may go up monthly or annually. People may struggle with financial problems, since the owner can increase

rent

fees without apprising.

Moreover

, it is more comfortable when purchasing a house because the number of people in a house is not limited while we have to ask the landlord for permission when friends or relatives visit, and even it may create extra fees if they sleep over. To sum up, everything has negative and positive points. Leasing houses may benefit residents in some ways like lower utility costs or no improvement

expenses but

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expenses, but

they

also

have to face

uncomfort

and

increase

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an increase

in rents.