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

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It is one of the biggest decision of every individual’s life, whether to rent or buy the residence despite being an inhabitant of any country. To some people, renting an abode is preferable than for purchasing it. I believe that owning a house has far more advantages than renting accommodation.

Although

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this

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essay, I will discuss both the advantages and disadvantages of renting a home. On the one hand, people often lease a residence because they have less or no initial investment to purchase a property, on their own.

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one can buy a home on credit, apply the individual should have some amount of wealth for security as a mortgage.

For instance

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, If in India, I want to apply for a mortgaged loan in any bank, they may ask for details of property I own, if I would not be able to return the loan, they can recover the loan by selling my properties.

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, people can change their location anytime near to their workplace. The renovation of the condo or apartment is the landlord’s responsibility and the tenants do not need to worry about it.

On the other hand

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, owning a home gives a sense of accomplishment and the inhabitants do not need to worry about fixed monthly expenses of rental. While tenants living on lease have to pay rents monthly which gets increased every year according to the agreement between the landlord and tenants.

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is a fixed burden on the tenants in which the property still does not belong to them.

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is some sort of freedom which only homeowners enjoy. A house is a permanent asset to the owner, with time, its price increases.

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, If I own a house, its value will increase over the period of time and it can give me good returns as well. While to tenants, only tariff increases without any addition to their personal assets. To conclude, renting a flat or apartment has some merits like no heavy investment and demerits of no wealth security to the people who lease the apartment.

Submitted by jtymhr28 on Tue Dec 08 2020

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6
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meeting the goal of 7 or more
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Grammar mistakes
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Overall Band Score

Coherence and Cohesion: 7.0

Logical structure

Introduction & conclusion present

Supported main points

Accurate linking words

Variety in linking words

Lexical resource: 9.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 9.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 5.0

Complete response

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

4 paragraphs

345 words

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

Your opinion

You and your family are moving to another country for work, and you are looking to buy a house there. Write a letter to a property agent

Rich countries often give money to poorer countries, but it does not solve poverty. Therefore, develop countries should give other types of help to poorer countries rather than financial aid. To what extend do you agree or disagree?

Some people say History is one of the most important school subjects. Other people think that, in today’s world, subjects like Science and Technology are more important than History. Discuss both these views and give your own opinion

AI technology are increasingly being used for online education. Can artificial intelligence enhance the learning experience? Is this a positive or negative development?

28/05/2022: The population of many cities is growing rapidly. What are effects on people living in these city? What can be done to maintain the quality of life of people ?