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

Now today, buying an apartment is ever rising in many countries because it is convenient in some ways.
However
, there are some deniable drawbacks of renting the abode than purchasing one.
To begin
with,renting is more affordable than buying because it does not need countless money to pay the mortgage.
As a result
, population growth is putting pressure on the accommodation supply. home price is pushing up higher and higher
consequently
. It follows that an apartment rental is an ideal option for those who can't afford to buy their property.
Secondly
, renting a house is suitable for people who are not ready to settle down in one place.
For example
, seasonal workers who go for business to different country, choose to stay in rental a lot rather than commit themselves to long-term property.
Thirdly
, while owning a dwelling comes with the responsibility for the property,
this
burden escalated talents' shoulder's when they rent a dwelling.
However
, buying an abode is a beneficial investment today when demand for the dwelling is rapid.
Besides
, in rental landlords' houses, the dwellers rearranged the residence layout or set up permanent decorations
such
as driving a nail or repainting walls.
Therefore
, those who live in rental homes do not have the freedom to design their living space as they wish.
Moreover
, unlike homeowners, people who rent houses have to confront the inconvenience of living in a temporary place, including moving houses manny times and risks of losing the neighbourhood .as there is no long term commitment between and landlords. In conclusion, many people have been choosing to live in rental homes because of the practical benefits.
Nonetheless
, renting a home
also
comes with some unavoidable disadvantages.
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Topic Vocabulary:
  • financial commitment
  • down payment
  • initial costs
  • allocate resources
  • maintenance costs
  • mobility
  • relocate
  • market fluctuations
  • property value
  • building equity
  • appreciate in value
  • asset
  • personalization
  • restrictions
  • rental increases
  • lease renewal
  • financial instability
  • housing budgets
  • long-term security
  • landlord
  • lease agreement
  • equity
  • substantial
  • property ownership
  • property market
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