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

In the modern era of times, people have a wide range to choose their preferred accommodation. In many parts of the globe, citizens love to reside in rented houses

instead

of buying

one

because buying a

house

involves a lot of money and by

this

one

can lose liquidity.

This

essay will discuss both the merits and demerits of staying in a rented home. Are there myriads of virtues of renting a property? Certainly, there are.

First

and foremost, it allows

one

to change accommodation whenever they want. That means a person can leave his/her contracted

house

, say, flat, apartment, and many more when it overs.

Secondly

, the person can have a chance to explore different kinds of property.

That is

to say, on the basis of personal income,

one

can stay in various houses, say, farmhouses, luxurious flats, and even can afford a bungalow.

This

way, it is possible to stay in a wide range of homes.

On the contrary

, there are two obvious hiccups of a contractual

house

,

such

as lack of freedom and a burden of unnecessary payments. When it comes to the question to live in a self-owned

house

,

one

can enjoy a lot of independence e.g. playing loud music at an event, returning home whenever

want

Correct pronoun usage

one want

show examples

, etc. which

one

can not enjoy in a rented place.

Moreover

, they have to pay a significant amount of payment each month,

for example

, parking and gym even though they don’t use them.

This

way, a contracted

house

is full of unnecessary costs. To sum up, it must be said that there are some obvious merits to renting a

house

, say, ease of accommodation change, opportunity to live in various luxurious houses even though it restricts personal freedom as well as it charges unnecessary costs. I guess leasing a property is better than to own.