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

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owning a home is a life goal of many people, but renting has its pros and cons too. In some countries, the majority of people prefer to

rent

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their homes rather than buying them. In

further

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paragraphs, I will discuss the merits and demerits of renting. The two main advantages of renting are no

maintenance

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cost or repair bills and access to the amenities. When you

rent

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a home,

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there is no

maintenance

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cost or repair bills. The landowner will be responsible for

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, repair and improvement.

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, if appliances stop working or the roof starts to leak,

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you should contact the landowner, and he will fix it.

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, renting provide financial benefit

such

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as access to the amenities;

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, it would be an enormous expense.

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, luxuries which include in-ground pool or fitness centre

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apply

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comes under the medium scale and standard apartment complexes with no additional charges. But if a homeowner wants to access them, he needs thousands of dollars for instalment and

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whereas condo owner only needs to pay monthly expenses. Some possible disadvantages to

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that you aren't building a value, no increase in credit score and rise of

rent

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. When you left the house, along with yourself, you took up your moveable items which result in the growth of a property owner's equity not in yours

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, if you are paying the mortgage, on time it will not increase your creditworthiness.

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, the

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you are paying could change when the lease comes up due to renewal. Typically, within a six month or a one year. In conclusion, renting has its advantages and disadvantages but those who are in any decision making they should carefully weigh the pros and cons while making a decision rather than monthly expenses.