In some countries, owning a home rather than renting one is very important for people. Why is this the case? Do you think this is a positive or negative situation?

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People in some countries believe that owning a house is better than renting one.
This
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is because they do not have to pay rent. In my opinion, it is a positive situation and my reasons will be highlighted in the essay.
Firstly
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, owning a
home
Use synonyms
is a source of extra income. Personal houses can be rented out to people or organizations.
For example
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, In countries
such
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as New Zealand where tourism is high and tourists stay for a long period of time.
Home
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owners lease out their properties or part of them to travellers.
This
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helps them generate extra income while in the comfort of their homes.
Secondly
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, due to the current state of the world's economy. Many countries have faced economic recession and there has been a drastic increase in housing costs.
However
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, individuals who own their own properties are spared from
this
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as they do not pay rent.
For example
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, in Nigeria due to recessions,most families who rented apartments were forced to change their apartments because they could no longer afford the charges of those buildings.
Although
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owning a
home
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has its numerous benefits, it can
also
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come with challenges, one of which is property maintenance. Most landlords find it difficult to maintain their property,
this
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leads to degradation and
then
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they might end up selling the building for half the market value.
However
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, renters do not face
this
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situation as landlords are saddled with the responsibility of property maintenance. In conclusion, the benefits of owning a
home
Use synonyms
greatly exceed renting one. So individuals should make conscious financial decisions that will enable them to acquire a house.
Submitted by alaboemmanuel20 on

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Linking words for giving examples:

  • for example
  • for instance
  • to illustrate this
  • to give a clear example
  • such as
  • namely
  • to illustrate
  • take, for example

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