In
earlyChange the article
show examples
1990s, buying
houses
was a common mindset of many
people
.
However
, renting homes is more popular than owning
houses
recently.
Although
renting properties provides tons of benefits in the short-term saving and
time
on obtaining one, it has
a Correct the article-noun agreement
show examples
long-term financial problems.
This
essay aims to illustrate the values and drawbacks of renting an
.
To begin
with, the rental
home
is beneficial in the short run.
First
, renting helps to save up
money
for several
years
. According to a study, the monthly payment for renting a
property
in Philadelphia is nearly $1400, which is relatively cheap comparing to the total mortgage.
In other words
, the owner can have more spare
money
when opting to rent a
home
.
Secondly
, the approval
time
before moving in is speedy. Normally, it takes 5 days on completing all
and checking background information.
Hence
,
people
do not have to wait long for starting to live in a rental
house
. On the other hands, the normal processing
time
of purchasing a
property
can take up to one month.
Therefore
, it is undeniable that renting provides
peopleVerify preposition usage
show examples
multiple advantages.
Although
there are many benefits to entering a lease
instead
of buying ones, leasing has its own disadvantages.
First
, the short-term
cost benefitAdd a hyphen
show examples
starts to deteriorate after 10
years
of renting. To be more specific, there is an annual increase in every rental
property
.
This
will accumulate to a much bigger sum after 10
years
because of the law of compounding interest.
Therefore
, many
people
prefer buying
houses
after several
years
of renting.
In addition
,
do not typically get back the
money
which is spent on fixing broken parts of the rental
house
. When a part of the
home
is broken,
home
renters have to allocate
budgetAdd an article
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for fixing it.
This
money
will not likely to be reimbursed.
Thus
, they lose all of it. In short, there are many downsides of renting a
house
.
In conclusion, while renting a
property
is beneficial in many ways, it has several pitfalls. The short-term financial benefit and quick waiting
time
are two advantages.
On the other hand
, the drawbacks of renting are the long-term cost and the inability to get back the
money
on fixing the
house
.
In the early 1990s, buying
houses
was a common mindset of many
people
.
However
, renting homes is more popular than owning
houses
recently.
Although
renting properties provides tons of benefits in the short-term saving and
time
on obtaining one, it has long-term financial problems.
This
essay aims to illustrate the values and drawbacks of renting