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

Renting homes is another alternative for people who aren't able to afford to own their accommodation. Many people in different countries now prefer to rent their homes
instead
of buying them.
This
essay will elucidate the positive and negative impacts of rental properties.
Firstly
, with the fast-moving lifestyle, more people now travel and work to other cities and countries to work and study.
This
ultimately resulted in increased demand for housing.
However
, it is not possible for anyone to buy their own land whenever they move,
therefore
, it is always beneficial for them to look for paid places.
Besides
, they
also
get a plethora of additional benefits
such
as low maintenance building, a furnished room that eliminates their need of buying furniture.
For example
, a fully furnished accommodation will come with all the amenities for living an independent life.
In addition
to that, for many ,students it is beneficial to have their living space near to their institutions so that they can save time they would have to spend on commuting
otherwise
.
For instance
, many pupils choose the paying guest facilities at a walking distance from the campus to save transportation cost and time. On the contradictory, leasing apartment can
also
be an expensive option. Folks living and working in metropolitan areas can opt for a shelter nearby but they might have to huge rents. Because the living cost in urban areas is far more than in the countryside.
Moreover
, there is
also
a shortage of livable spaces. Getting a good home with a sorted landlord may be the
next
challenge. In some ,cases tenants do have to face conflicts with the owners. Some hosts do put a lot of restrictions on their tenants that it gets difficult for them to live independently. To conclude, just like everything else, there are both pros and cons of renting places.
However
, it takes extra efforts to find a suitable place to settle.
Thus
with some research and thorough ,investigation one can get a property of their choice.
Submitted by Parminder Singh on

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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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