In some countries, people prefer to rent their home rather than buy one. What are some of the advantages and disadvantages of renting a house?

Many

people

choose to rent their apartment over purchasing a new flat in some countries. In

this

essay,

i

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I

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will explore the benefits of having a rented

home

as well as the non-

benefical

Correct your spelling

beneficial

factors.

Firstly

,

i

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I

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will discuss the advantages in the

extents

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extent

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of not being responsible to pay the

morgages

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mortgages

mortgage

and the freedom that it brings when

people

would like to move somewhere else.

Secondly

,

i

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I

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will explore the disadvantages

such

as not having a place to call

home

. In my opinion, there are many advantages of renting a

home

for

people

such

as being able to change the place they live easily and to pay less amount of money per month than

inject

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injecting

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money

to

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into

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banks due to their loans which they might take to buy a

home

.

For example

, with the increase of the interest for the

morgages

Correct your spelling

mortgages

mortgage

that banks provide, it is considered that renting a house is more affordable for many individuals.

Moreover

, since many

people

are required to sign a one year contract, they are always eligible to search for a new flat.

On the other hand

, some prefer to have their

home

apartments and enjoy the idea of being more independent.

Furthermore

, it is always a good investment to purchase a new place.

For instance

, in the global market, it is reported that the cost of renting and buying a new

home

are

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is

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slightly increasing.

In addition

, it surely gives

people

the

confident

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confidence

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and the comfort to have their own places. To sum up, there are many advantages and disadvantages of the topic that I discussed above. But

the

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apply

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most

importantly

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important

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, these benefits can always vary considering the

individuals’s

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individuals’

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budgets.