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

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The issue of whether buying or renting a
home
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is more advantageous , has grown in importance over the past few decades.most of the
people
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prefer to have their own property rather than renting one. It is an undeniable fact that having ownership has always been more crucial owing to many reasons .
Firstly
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,buying can be an investment if house prices rise . In developing countries due to the instability of economic condition inflation is always rising ,so the best solution is investing cash in real states or other forms of properties.
Secondly
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, if
people
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buy their own
home
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they can renovate or decorate their houses as they want .
For instance
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, they can change the interior design by replacing the new wallpapers or installing larger wall cupboard without any restriction.
Moreover
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,
people
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's property becomes a reflection of their lifestyle, a place they can really call '
home
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' . In other perspectives, renting is more economical in the short term and
people
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can easily downsize when their budget is limited because as a renter you do not need to take loans or spend a big deal of money on buying an apartment. Especially in developed countries that have a stable economy.
Besides
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, you would not have to worry about the housing market cashing or a natural disaster destroying your expensive
home
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. Bottom line, as a human we need to have our own
home
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to feel more secure and belonging. Personally , as someone living in a developing country, I try to save the value of my capital by buying a real state.
Submitted by baharehmontakhabi on

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