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

Although
it is thought by some people that it is more beneficial to live in a rental
house
, others believe it can be detrimental. Living in a rental
house
can save
money
initially
,
however
, a lot of
money
will be spent through the years. On the
one
hand, there are some benefits from renting houses,
firstly
, it can provide you with the opportunity to invest your
money
in another project
instead
of paying a sizable amount of
money
one
time
to buy a
house
,
secondly
, in a rental home
one
can have the choice to move or change the address at any
time
,
for example
, if someone changes work location it is simple to adjust and rent a new
house
in a different location,
finally
, families can choose to live in a
house
according to their financial status and you can switch if your state changes.
on the other hand
, despite all the perks mentioned above, there are some drawbacks to be considered.
one
problem with rental houses is people can not deal with as it is their own
house
,
for instance
, they can not change the structure of the
house
or the decoration before taking permission from the landlord,
moreover
, the owners have the right to kick out the tenants any
time
or under any circumstances which means it is almost impossible to settle,
lastly
, living as a tenant for a long
time
, in the long run, the cost will accumulate and form a significant loss in
money
that could have been in used in another investment. In conclusion, living as a tenant is a good saving method at
first
,
however
,if someone lives in a rental
house
for a long period of
time
that will be costly.
Submitted by Obada ALi on

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    • Sentence 2 - Example
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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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