In some countries, owning a home rather than renting one is very important for people. Why might this be the case? Do you think this is a positive or negative situation?

In some nations, individuals deem it very necessary to possess a
home
instead
of leasing one. There are different reasons for
this
, some of which will be ventilated in
this
essay. In my opinion,
this
is a positive development.
To begin
, having complete ownership of a
property
such
as one’s place of residence can serve as a source of generational inheritance.
That is
, it can be passed down from one generation to another.
For example
, in some parts of Nigeria, when a man who owned his own
home
dies, his
first
son is entitled to the
home
.
As a result
, his offspring do not have to spend any money acquiring a new
home
rather the money can be used for renovating the
property
to suit their taste.
Furthermore
, possessing one’s accommodation can give an individual a sense of accomplishment because he feels he has achieved a feat not everyone can.
For instance
, a person who owns his own
home
is likely to be more satisfied with it than a person who is renting.
Also
, because of the rules that come with renting some places, a person might not have the liberty to decorate the
property
as he wishes as opposed to if the place belonged to him.
For example
, some landlords pick the exact
color
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colour
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that the
property
should be painted without any care for the tenant’s preferences. In conclusion, I believe it is a good thing to own one’s house because it can serve as a legacy, provide an individual with a sense of achievement, and allows a good level of autonomy.
Submitted by Emmanuelodachi on

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Topic Vocabulary:
  • ownership
  • renting
  • importance
  • sense of security
  • stability
  • financial investment
  • asset
  • customize
  • decorate
  • belonging
  • community
  • potential
  • future generations
  • long-term
  • cost advantage
  • control
  • living space
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