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

In some parts of the world, a great number of people choose rental residences as opposed to own one. Both decisions have positive as negative consequences and the best one mostly depends on a person and their purposes. In
essay, I will consider both sides and
give my own opinion. Nowadays, the number of renters nationwide has significantly increased.
is because people do not have enough finances to purchase real estate
without taking a loan.
, the main advantage of a rented
is that there is no need to pay a monthly mortgage. As well as
, a
owner solves other issues
as maintaining and renovation.
In addition
, if somebody bought a house or a flat, they might lose money in case of
value declined. While renting a
there is no need to worry about falling
values. Another great benefit of renting is freedom to be more mobile.
For instance
, if somebody wants to change neighbourhood or move to another city, they can easily do it.
, there are some disadvantages of renting. The main drawback of renting is that monthly payment goes to a
owner; meanwhile a person choosing renting against buying does not build an equity.
In contrast
, buying
provides stability and confidence in the feature because, owing a
property let
Accept comma addition
property, let
people to build equity and credit.
In addition
, every renovation even a tiny one at rented
demands to take a permission from
property owner
the property owner
. As well as
, a landlord may raise rent or sell the
as a result
it might have to move multiple times. In conclusion, having considered both sides of the argument, I believe that owning a
is more advantageous than renting it. Another thing is that not everyone can afford it and is forced to live in rented housing.
Submitted by angela on

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