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 a positive or negative situation?

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Nowadays, many people value the idea of becoming a homeowner than being a tenant. It is often thought to be a bad idea to rent an apartment rather than buy it. I will be discussing the reason for it in
this
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essay.
To begin
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with, there are several reasons why people would prefer to own a
house
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rather than rent one.
Firstly
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, owning a
house
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gives a sense of personal achievement and freedom that tenants can not enjoy.
House
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owners have more freedom in constructing and designing
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Add an article
the house
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house
Fix the agreement mistake
houses
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the way they want.
For example
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, one living in a rented apartment has no right to make changes to the home as it is not their
property
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, while a landlord can freely design or
refurnish
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refurbish
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the place to suit their tastes. For the reasons mentioned above, I believe homeownership is a positive trend.
However
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, there are a few drawbacks to owning a
house
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as well.
Firstly
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, they would have to make a quite large investment to buy the
property
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. The value of the properties keeps changing and one might not be able to sell the
property
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at a good rate in the future.
Secondly
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, it’s quite difficult for the landlords to move as compared to the tenant.
For instance
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, if the landlord no longer likes the locality they can’t just simply move like the tenants, they would have to
first
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sell the
property
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which could take a few months to years.
Also
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, landlords have to spend a significant amount on maintenance every year to maintain the
property
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. In conclusion,
although
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there are some negative elements, I strongly believe that positive sides do outweigh negative ones. It is a good idea for people to own a
house
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compared to renting.
Submitted by rahulmehta942 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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