In some countries, most epople prefer to rent their homes rather than buying them. What are the advantages and disadvantages of renting a home?

In today's, world the people are moving from one place to another more frequently because of work transfers and study reasons etc due to

this

the renting of houses has been increasing daily than past doing of

this

consists some merits and demerits. To start there are many advantages living in rent house

first

people can move from one house to another if there is a location problem

for instance

if the person is facing an issue like being late to office because he lives far from the workplace

then

the employee can shift from the current place to a new place

that is

near to his office. The

second

merit is the person will have a wide range of choices to choose the apartment he wants to live in

for example

if the person living in a rented house gets bored and want to change

then

he can leave that residence and go for another apartment

moreover

to buy a residence it needs a huge amount of capital

that is

needed to be invested. The main demerit of living in a rented apartment is primary we need to take good care of the home since it's not owned by us if a single mistake is done

then

we might need to pay huge amount of payment and

also

we will lose some respect near the owner. The

second

demerit is there will some amount of rules that are needed to be followed if we break those we will end up on the street and need to find another home. To conclude in my point of view living in a rented home is more beneficial than buying one to live because in the jobs we do today we can't expect to live in a single room and work for decades

additionally

people move to another job which offers a good volume of salary and the job can be located far from the homeland.