In some countries, people prefer to rent a house for accommodation, while in other countries people prefer to buy their own house. Does renting a house have more advantages or disadvantages than buying a house? Give reasons for your answer and include any relevant examples from your own knowledge or experience.

mansion on lease or rent is a preference of people in few nations whereas, in rest of the countries, citizens choose to purchase their own

home

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. In my opinion, I believe that using a rented apartment is way more advantageous than that owning a

house

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. In

this

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essay, I will discuss in the

first

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paragraph, how the rented

house

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is value for money and in the

second

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paragraph, how fewer liabilities of a

tenant

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makes

life

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hassle-free. On one hand, the

first

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and foremost benefit of a rented

house

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is that it helps to save a huge amount of money,

hence

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it is the topmost reason behind maximum properties are used as rented houses.

In other words

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, the largest portion of cash is needed to purchase a

house

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whereas, only a small fraction of currency is essential to pay rent.

thus

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, an individual can save

this

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upfront load for his other necessities.

For instance

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, my cousin Mr Karan lived independently for the

last

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ten years in a rented

home

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and saved a significant amount of money for his higher education.

As a result

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, he can afford to shift abroad for his bright future career.

Secondly

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, a

tenant

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is a person who is more tension-free than a landlord. To make it clear, I would like to mention that, the liabilities

such

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as corporate tax, water tax, municipal commission tax and many more are the responsibilities of a landlord.

Moreover

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, if a conflict happens, a

tenant

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can leave the

home

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and search for a better option but a landlord cannot leave his

house

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. That's how owners

life

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become miserable many times. To illustrate

this

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, my uncle, Mr Mishra owned a

house

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for the

last

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50 or more years and now his children are grown up and moved out of the town.

In addition

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to that, he cannot shift because he is the only responsible caretaker of that

property

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.

This

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explains how stressful

life

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becomes for a

house

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owner.

On the other hand

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, when it comes to benefit of having own

house

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the only thing that fits in the context is that an owned

property

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in future might give high appreciation in terms of monitory gains.

On the contrary

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, the rented

property

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is useful only for the current stay and no gain can be claimed from that

property

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.

For example

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, my aunt, Mrs Sushila currently became a millionaire by selling her own

property

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and she received 100 per cent profit from it. In conclusion, rented houses and own houses have their own pros and cons.

However

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, in my opinion, rented properties are more beneficial as an individual is not compelled to pay a huge amount to purchase a

house

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, on top of that

tenant

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is free from responsibilities towards official works regarding

home

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and lives an incredibly contented

life

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.