In some countries, people prefer to rent their home rather than buy one. What are some of the advantages and disadvantages of renting a house?

In many developing countries, people consider living in

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ental

house

instead

of buying a new home. In

this

essay

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,

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I will explore the positive and negative sides of staying as a tenant.

Firstly

, I will consider the advantages of staying in rental homes and

secondly

, I will consider the disadvantages of rented accommodation.

To begin

with, rental houses are more affordable than buying a building in

the

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urban areas. Middle-Class people tend to stay in the rented homes, where they can save the huge pile of money for other expenses, by avoiding down payment, property taxes, maintenance bills, and mortgage

amount

. Usually, young professionals prefer rented houses which makes

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asier for them to migrate to different places as

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part of the career growth.

Moreover

, leasing a

house

is an economical option for

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Low-income groups.

For instance

, metropolitan cities like Hyderabad, Mumbai, Bangalore and Chennai 2-bedroom flat cost around INR 20000 for lease whereas, buying a

house

would cost you

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inimum of 1 Core which makes unpractical for commoners.

Hence

most people to choose to stay in rental homes by spending

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easonable

amount

.

On the other hand

, living in

the

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rented

house

have some negative effects too. Importantly, tenants cannot renovate their homes as per their convenience, so they must compromise their needs. Along with that tenants do not get

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eturn on investment for they will end up in paying mortgage

amount

for the owner.

Besides

, for the people who are dwelling in their own homes can spend their retirement time peacefully not bothering

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mount rent payment or

house

owner rules.

Furthermore

, staying in your own home for a longer period helps you to socialize easily with your

neighborhood

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neighbourhood

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and develop

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ecent association in your community. To sum up, there are many aspects

in

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both renting and owning a

house

. In my opinion

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,

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it is better to stay in rental apartments in the early stage of career and settle down in

the

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my

their

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own

house

in the later part of life.