In some countries, most people prefer to rent their homes rather than buying them.what are some of the advantages and disadvantages of renting homes ?

In many countries, the majority of individuals choose to rent their residences rather than buy them. In

this

paper, I will explain the benefits and drawbacks of renting homes.

To begin

with, there are several positive effects of renting a

house

such

as being closer to the office and minimising monthly expenses.

Firstly

, many people who live far away from the office decided to lease a

house

.

This

is because residing close to the workplace minimizes trouble in traffic.

For instance

, many individuals who work in Jakarta which is the capital city of Indonesia and live in Bekasi which is the satellite city of Jakarta decided to rent a

residence

in Jakarta to minimize traffic problems.

Moreover

, renting homes in closed offices can minimize the monthly expenses. Transport costs,

for example

, farther

house

from the workplace more expensive the transport costs which impact to spending money every month.

Furthermore

, one of the negative effects of renting a

residence

is bad for long time planning.

In other words

, for a long time, a person better purchases their own home or flat than rent the

house

.

For instance

, the cost of renting a home in Indonesia for one year is twenty million rupiahs, if someone works for twenty years and rents a home until his retirement, in fact, he could build a

house

for four million rupiahs and retired on their own

residence

with their family. In conclusion, the advantages of renting a

residence

are closer to the office and minimize monthly expenses. Meanwhile, the disadvantage of renting palaces is for a long time renting a

residence

is more expensive than having their own

house

.