In some countries people rent accommodation while other buy their own houses. Does renting accommodation have more advantages or disadvantages than buying place?

There is no denying that rental or own

a

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property is a controversial matter that has been discussed for several experts in finance from our society. Some investors claim to buy a

house

is not a good deal because it would be a liability

instead

of an asset, once it only generates expenses.

Another

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people say that to have your own residence is the best choice because you will have a

place

to live regardless of what could happen. From my own standpoint, I believe the benefits of having a property are greater than the drawbacks. The

first

benefit, in my opinion, is that in

case

of a financial problem,

such

as to be unemployed, you will not have

this

expense, in

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, you will not have to pay the rent.

Moreover

, we know that law is pretty strict to people who do not pay their lease and the landlord will require the

house

back in

case

of debt.

Consequently

, there is a high risk to be without a home to live in

case

of money issues. Another advantage is that we could rebuild the

house

to fit better your needs.

Furthermore

, when you have your own

place

, we can choose your own furniture and

to

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paint the rooms choosing the colours you most like. When you live in a rental

house

your option is pretty limited due to the reason you will have to return the realty exactly the way you found it. Another benefit of purchasing a

house

is that you will not need to leave the

house

in

case

the landlord requires you to do that. A disadvantage of owning a

place

is in

case

you want to live in another

house

you will have to sell the

one

you already

first

, in

this

way, you could to afford another

one

.

One

clear example is in apartments when your neighbours do not respect you and make a lot of noises during the day and night. In

case

you decide to leave because you cannot deal with them anymore it will be more difficult and it would take more time than if it was a rental

place

. To sum up, in my view, the benefits of buying a property are much better than to rent

one

. Obviously, in

case

do not have money to afford a

house

the only option you will have is to rent

one

.

However

, even knowing you could invest

this

amount of money and gain high profits from it, to have your own

place

is a safety that assures you will have a

house

to live when you become elderly.