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

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Renting a house has been becoming increasingly common in recent years . While some persons think that
this
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trend has many negative consequences and prefer owning their home. Personally, I take the view that the disadvantages of renting a home can outweigh its advantages . On the one hand , hiring a residence has significant merits to people . The
first
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reason is that everyone can be able to have a house without having a large sum of money .
For example
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, the newly married couple can have a children's residence by renting one despite their financial situation .the
second
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reason is that renting a property brings people more ease and convenience , especially if they plan to change the city or the country
such
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as junior workers and students .
Thus
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,
this
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form of living has some advantages .
On the other hand
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, there are many reasons why individuals prefer owning a property
instead
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of renting one .
Firstly
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, it provides persons with the feeling of being protected and secure .
In other words
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, if individuals buy their property , they will not be anxious about the cases when they will not able to pay the proprietor .
However
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, they feel comfortable and confident .
Secondly
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, the act of paying the sum of money every month for a long period is not an economic solution . To put it simply, if persons calculate the amount of money they spent during a long time , they will find that wasted an immense sum total which should be invested in buying a residence rather than rent it .
Thus
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,
this
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tendency is not convenient in a long term In conclusion, despite that renting a house can have a few merits , I strongly believe that the benefits which it brings about can exceed its drawback and owning a home is the best choice .
Submitted by elgalalafatimazahra 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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