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 certain countries, being the owner of an apartment is deemed vital as opposed to being a tenant. The financial restrictions that renting

brings

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bring

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about

are

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apply

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the

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apply

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cause

for

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many to wish for the actual ownership of the homes in which they could be at liberty to make any adjustments to the building. In

this

essay, I will discuss why the public wishes to own homes rather than

renting

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rent

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as well as

the benefits of doing so.

On the other hand

, renting a dwelling deprives a person of

having

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financial stability.

In other words

, because an individual has to pay for the rentals monthly, he is denied the opportunity to save some

fund

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funds

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and use

it

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them

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to grow his business and to stabilise financially.

For example

,in a survey conducted in West Africa on the economic effects of monthly payments of rentals, it was determined that communities who made

such

payments were not able to improve their financial status.

This

in itself motivates families to acquire their own homes rather than to rent one.

Secondly

, one plus point of advising the crowd to own a home rather than rent is that It accords them the freedom to be able to make any adjustments to the building whenever they see

it

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fit. To put

this

in perspective, unlike with a rented home, extending a shack to make more room can be done at any time without seeking approval.

For instance

, in order to add another extra room to a home, a tenant first has to inquire from the landlord if he can be granted permission to do so before he can take any action. Regardless of how necessary

this

might be for the tenant, he may not always be given that opportunity. Henceforward, more reason why it is a positive development to own a condominium so that one can be at liberty to do all he wishes with the mansion. In conclusion, it is because many public is denied financial freedom

as a result

of paying for the rentals that many countries urge them to gain independence.

This

comes with countless benefits like the ability to make adjustments to the building whenever a person wishes to. Personally, I believe it is a positive approach