In some countries, people prefer to rent a house than buy one. What are the advantages and disadvantages of renting a property?
Many people consider the idea of renting a
house
to be more judicious than purchasing it. Use synonyms
This
trend is widely observed in many developing countries and expensive cities. One of the notable upsides of Leasing a shelter is, it doesn't involve high investments. Linking Words
However
, Linking Words
this
phenomenon has certain drawbacks Linking Words
such
as people lack the freedom to live a freestyle life.
On the one hand, hiring a residence involves no financial capital, and avoids the various type of taxes like housing, registration, and development taxes that are commonly applied for an owned Linking Words
property
. Use synonyms
In addition
to Linking Words
this
, the option of a lease is more affordable for low-income groups who cannot afford to buy one. Linking Words
For instance
, the price of a 3 Bedroom flat in Bangalore is approximately 1.5 - 2 Crore, and the Linking Words
property
rentals vary between 25000 to 35000 per month. A middle-class family who cannot afford to buy a Use synonyms
house
worth 1.5 crores, will choose to rent a Use synonyms
property
that fits their budget. Use synonyms
Besides
, many working professionals who migrate frequently tend to look for a temporary shelter over a permanent one.
Linking Words
On the other hand
, despite several advantages, there are a few shortcomings to Linking Words
this
idea. Lack of freedom is the most common problem that Tenants complaint about their Linking Words
property
owners. Landlords impose rigid restrictions Use synonyms
such
as no noise, visitors entry, cooking habits which cause inconvenience to the occupants. Linking Words
For example
, several Brahmin Linking Words
house
owners in India don’t allow their residents to cook non-veg food items in the home. Use synonyms
Moreover
, few people who prefer to rent a Linking Words
house
will not hold a permanent shelter when they are retired.
In conclusion, there are considerable advantages to renting a Use synonyms
house
rather than buying it. Use synonyms
However
, people should be cautious enough to make their post-retirement housing plans secure.Linking Words
Submitted by srivupputuri on
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