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

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Some
people
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like to stay in
the
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apply
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rental apartments whereas others prefer to have their own. It depends on the individual choices and the requirements.
This
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essay will describe both the merits as well as
demerits
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the demerits
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of renting a
house
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. Nowadays, it is very common that
people
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have to migrate to different countries with respect to their work.
Hence
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, pertaining to
this
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one of the major
advantage
Change to a plural noun
advantages
show examples
of renting a
house
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is its ease and convenience.
For instance
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, in the present
times
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,times
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if a person needs to relocate to some other place, it is very easy to rent a fully furnished apartment online only with all the amenities.
Moreover
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, owning a personal home requires a lot of maintenance whereas in the case of rental
property
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it has to be taken care of by the owner. To illustrate, in a survey, conducted in the urban areas of Korea, most of the
people
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Correct your spelling
preferred
preffered
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preferred
to have rental apartments as the problems arising with concern to electricity, water supply or any repairs are handled by the
property
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owners.
Therefore
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, renting a home makes
life
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the life
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of
people
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more
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apply
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easier and simpler.
On the other hand
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, there are some drawbacks
also
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such
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as a
people
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spend a lot of money from their monthly income
in
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on
show examples
paying the rent and still the
property
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does not belong to them. The best example of
this
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can be seen in countries in the middle east where
expats
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ex-pats
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are not allowed to purchase the
property
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,
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however
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,however
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they spend a huge sum of their income
in
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on
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paying rent.
Moreover
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, owning a personal home gives a sense of security which can not be attained by renting an
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apartment
apartmnet
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apartment
.
For instance
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, in most of the countryside regions in India
people
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have their own houses and for
them
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,them
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it is an asset which can be helpful in any bad financial circumstances.
Hence
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, having
ones
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one's
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own
house
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provides
a
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apply
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financial security
which
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that
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the rental ones can never
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fulfil
fullfill
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fulfil
. To conclude, renting a
house
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has both the advantages as well as disadvantages. It depends upon the personal choice of an individual whether to opt for rental or to
have
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apply
show examples
own
property
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.
Submitted by drvishal13 on

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