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

Whether to buy or rent a
home
for living is hard to decide.
However
, renting
home
Suggestion
a home
is much more preferable to buying a new house nowadays because people consider it more advantageous. The advantages and disadvantages associated with renting
property
will be discussed below. It is true that renting a
home
offers numerous advantages to people.
Firstly
, the landlord is responsible for the regular maintenance work unless any other condition is imposed on the deed
initially
;
therefore
, the
tanents
someone who pays rent to use land or a building or a car that is owned by someone else
tenant
need not to be anxious about the additional expenses of
this
purpose.
Secondly
, as mortgages for buying
home
are getting unmanageable to the citizens these days, renting option provides them with the opportunity to get rid of
this
enormous monthly financial burden to be paid to the banks. These are the significant benefits that
tenents
someone who pays rent to use land or a building or a car that is owned by someone else
tenants
tenets
around the world enjoy the most.
Nevertheless
, leasing a
property
to live in has a range of drawbacks. One of the major demerits is that the certain professionals who do not earn monthly basis may face trouble paying rent regularly;
instead
, buying a
property
with
mortgage
Suggestion
a mortgage
would be beneficial to them as often paying extra
chage
to make a rush at or sudden attack upon, as in battle
charge
charges
change
is acceptable to them against the late payment to the bank. To illustrate
this
a bit
further
, I would like to mention that one of my relatives who is a businessman earns profit seasonally, perhaps two times in a year. In his case, paying rent
montly
of or occurring or payable every month
monthly
often a hassle and a financial strain, and
that is
why he decided to buy a house with yearly loan now. Another
negetive
characterized by or displaying negation or denial or opposition or resistance; having no positive features
negative
side of renting a house is that moving furniture from one place to another place when the contract expires is not only tiresome but
also
has the risk of furniture damage. In conclusion, even though leasing a
property
for living is advantageous in may ways in recent times, It is
also
evident that the shortcomings of
this
contractual basis living are oftentimes a concerning matter to people of some specific professions and the people who own too many expensive furniture and need to move.
Submitted by parvezchaw on

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Topic Vocabulary:
  • financial commitment
  • down payment
  • initial costs
  • allocate resources
  • maintenance costs
  • mobility
  • relocate
  • market fluctuations
  • property value
  • building equity
  • appreciate in value
  • asset
  • personalization
  • restrictions
  • rental increases
  • lease renewal
  • financial instability
  • housing budgets
  • long-term security
  • landlord
  • lease agreement
  • equity
  • substantial
  • property ownership
  • property market
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