In many countries, people would rather rent a house instead of buying one. Describe the advantages and disadvantages of both.
In many countries, residents prefer purchasing their own home.
However
, in others they choose to Linking Words
rent
their accommodation to minimise the unwanted burdens Use synonyms
such
as Linking Words
property
taxes and a mortgage interest rate. Renting a place would certainly aids people with the flexibility of moving out anytime along with eliminating the cost of maintenance of the Use synonyms
property
, but there will Use synonyms
also
be some drawbacks.
Linking Words
To begin
with, those who opine that renting an accommodation is advantageous can easily point out its flexibility and affordability. Linking Words
That is
to say, it gives a freedom to an individual to move in any part of the world according to their job requirements Linking Words
which
Accept comma addition
which, otherwise
otherwise
, is Linking Words
bit
difficult if the person owns a place. Suggestion
a bit
Additionally
, owning a Linking Words
property
always comes with a variety of unwanted Use synonyms
expenses including
Accept comma addition
expenses, including
property
tax, mortgage interest rates and the maintenance cost, which sometimes makes the survival difficult if people lose their job or went into the financial crises. Use synonyms
For instance
, according to the New York Times an average householder in the United Linking Words
states
pays 10,000$ as a the federal department in the United States that sets and maintains foreign policies
States
property
tax and 10-12% interest on mortgage yearly and a lot of them have to sell their houses in order to meet with the crises of the Corona Virus.
Use synonyms
On the other hand
, there are various drawbacks of renting the house. Linking Words
Firstly
, there is no security as the landlord can ask you to leave anytime, regardless of paying a huge amount of Linking Words
rent
every month along with paying the fixed deposit of security at the beginning. Use synonyms
Secondly
, one has to follow the strict rules and regulations according to the owner’s agreement. Linking Words
In other words
, people have to seek permission from the landlord, before organising any event at the home including birthday party or weekend gatherings. Linking Words
Lastly
, the huge amount of money, wasted on paying Linking Words
rent
, could be utilised in buying own Use synonyms
property
, so that people do not have to worry about the retirement.
In conclusion, Use synonyms
although
renting a house seems beneficial due to the low Linking Words
rent
costs and the freedom to shift the place anytime. Use synonyms
However
, there are some drawbacks Linking Words
such
as security concerns and strict regulations that need to be considered before choosing the type of accommodation.Linking Words
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