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

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Whether to buy or rent a home to live 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. Apart from these advantages, the disadvantages associated with renting
house
Suggestion
a house
the house
will be discussed below. It is true that leasing a
house
or apartment offers numerous benefits to people.
Firstly
, the landlords are responsible for the regular maintenance works 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 financial burden to be paid to the banks. These are the significant benefits that
tanents
someone who pays rent to use land or a building or a car that is owned by someone else
tenants
tournaments
talents
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 charge 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 monthly often seems to be a hassle and a financial strain, and
this
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
associated with risk of furniture damage. In conclusion, even though leasing a property to reside in 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 families 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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