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
. In my opinion, I believe that using a rented apartment is way more advantageous than that owning a
house
. In
this
essay, I will discuss in the
first
paragraph, how the rented
house
is value for money and in the
second
paragraph, how fewer liabilities of a
tenant
makes
life
hassle-free.
On one hand, the
first
and foremost benefit of a rented
house
is that it helps to save a huge amount of money,
hence
it is the topmost reason behind maximum properties are used as rented houses.
In other words
, the largest portion of cash is needed to purchase a
house
whereas, only a small fraction of currency is essential to pay rent.
thus
, an individual can save
this
upfront load for his other necessities.
For instance
, my cousin Mr Karan lived independently for the
last
ten years in a rented
home
and saved a significant amount of money for his higher education.
As a result
, he can afford to shift abroad for his bright future career.
Secondly
, a
tenant
is a person who is more tension-free than a landlord. To make it clear, I would like to mention that, the liabilities
such
as corporate tax, water tax, municipal commission tax and many more are the responsibilities of a landlord.
Moreover
, if a conflict happens, a
tenant
can leave the
home
and search for a better option but a landlord cannot leave his
house
. That's how owners
life
become miserable many times. To illustrate
this
, my uncle, Mr Mishra owned a
house
for the
last
50 or more years and now his children are grown up and moved out of the town.
In addition
to that, he cannot shift because he is the only responsible caretaker of that
property
.
This
explains how stressful
life
becomes for a
house
owner.
On the other hand
, when it comes to benefit of having own
house
the only thing that fits in the context is that an owned
property
in future might give high appreciation in terms of monitory gains.
On the contrary
, the rented
property
is useful only for the current stay and no gain can be claimed from that
property
.
For example
, my aunt, Mrs Sushila currently became a millionaire by selling her own
property
and she received 100 per cent profit from it.
In conclusion, rented houses and own houses have their own pros and cons.
However
, in my opinion, rented properties are more beneficial as an individual is not compelled to pay a huge amount to purchase a
house
, on top of that
tenant
is free from responsibilities towards official works regarding
home
and lives an incredibly contented
life
.