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

According to some people, living in a rented accommodation is suited best as compared to
owing
have ownership or possession of
owning
a
house
.
However
, staying in a rented place has its own positive and negative features.
Firstly
,
this
essay will discuss the advantages of being associated with rent and
secondly
, will talk about its disadvantages. Renting
housing complexes
Suggestion
houses, complexes
houses complexes
have always been used by a large group of people who are not financially stable in life.
Therefore
, it serves cheaper in comparison to owning a property as it does not require much of
initial investment
Suggestion
the initial investment
an initial investment
. The only finances that are incurred are a refundable security deposit and a percentage of maintenance cost.
Also
,
such
complexes do not have any property tax formalities associated with it. The owners are the ones who need to file it every year.
Hence
,
this
task is
also
cut off from the list.
For instance
, young married couples working in major IT cities living away from home often tend to choose
this
type of accommodation as it works out to be cost-effective.
However
, to the above positive outlook, there are certain drawbacks too. The
house
has to be maintained the way it is handed over. One cannot improvise on the infrastructure according to their needs and fancies. If necessary,
then
a written permission needs to be taken from the landlord.
Also
, once the tenure of the stay lapses and if the landlord does not extend the contract, one has to start the search again and move out.
This
takes a lot of time and energy to rewind the whole process of packing and unpacking. In conclusion,
although
owning a
house
is a dream for
everyone but
Accept comma addition
everyone, but
not all can afford at their early stage of careers.
Therefore
, renting accommodation is a preferred shelter as every individual at one point in life would have stayed in
such
a
house
.
Submitted by Nandita Mohan on

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