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?

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There is a widely held perception in many parts of the world today that
people
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in some countries consider owning a
home
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to be more important than renting one.
This
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essay will discuss the underlying reasons for
this
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preference and elaborate on why it is a positive development. There are two main reasons for
people
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’s preference for homeownership.
First
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, for some
people
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, owning a house or an apartment means that they do not have to waste time on accommodation hunting when a rental contract expires.
Therefore
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, they can just focus on their career goals or other important things,
such
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as marriage.
Second
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, nowadays many
people
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buy a
home
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with a mortgage, and so they know the exact amount of money they owe and
also
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the regular amount they have to pay.
This
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allows
people
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to make a clear long-term financial plan for the future.
However
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,
this
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is not the case when they rent a
home
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because they are subject to changes in the rental price made by landlords.
Moreover
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, the obvious advantage of possessing a residence is that
people
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can renovate their homes as much as they would like.
For example
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, they can paint the walls as well as alter some housing facilities. If they were tenants, they would have to get permission from the owner before doing
this
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.
In addition
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, I consider it to be a positive development because it gives the opportunity for investment. Investing money in the property means increasing assets, which could be used later on rainy days. In conclusion, there are many reasons that motivate
people
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to purchase their own residence because they value
stability
Correct article usage
the stability
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that owning a
home
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provides and want to have clear future plans, and
this
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trend provides vast advantages.
Submitted by yogiaanggraini24 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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