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

The house is one of the most important thing for humans. It protects us from bad weather conditions and dangerous animals. Nowadays, inhabitants prefer to rent a liveness property rather than buying which has some pros and cons that

i

refers to the speaker or writer

I

will discuss in the essay.

First

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and the foremost, the globalization have increased the trend of leasing houses. The largest number of people are moving from one country to another for studying, migrating and working. There is less probability to stay permanently in another nation.

Therefore

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, they prefer to become a tenant rather than a residence owner.

For example

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, A building to rent is the

first

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choice of the immigrants in the Canada. Apart from

this

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, for leased house, there is a negligible responsibility of the tenant for any maintenance. Some citizens do not want to have any extra expenses from their savings. On the flip side,

although

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to have a property to finance put some extra burden on our income, but at the

last

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of the contract we have a valuable asset.

In other words

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, the idea to buy a home rather than renting is the best way for investment which can give us a huge profit. To cite an example, the price of houses in the America has tripled from

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last few decades

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the last few decades

.

Moreover

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, a person, staying on rent, is not able to fulfil his needs as per requirement. A survey shows that, 60% of the temporary stayers do not buy proper furniture and appliances for their home. Because it can give huge problems while moving to another place. To conclude, renting a property for a living has many benefits and drawbacks. Every individual has his own choice to decide whether to live as a tenant or buy his own home.