In some countries, people prefer to rent a house for accommodation, while in other countries people prefer to buy their own property. Does renting a house have more advantages or disadvantages than buying a house?
It is true that many
people
prefer to live in a rented Use synonyms
property
because they are not responsible for miscellaneous expenses. Use synonyms
However
, Linking Words
although
living in a rental place has some Linking Words
advantages
, owning a Use synonyms
house
brings more Use synonyms
advantages
.
Undoubtedly, owning a Use synonyms
home
is a lifelong goal for many Use synonyms
people
, but renting Use synonyms
also
has its Linking Words
advantages
: with no maintenance costs or repair bills, meaning that when Use synonyms
people
rent a Use synonyms
property
, their landlord shoulders the whole responsibility for all maintenance, improvement, and repairs. Use synonyms
For example
, if an appliance stops working or the roof starts to leak, they just call the landlord to fix or replace it. The other benefit is the exemption of up-front costs. Renters generally have to pay a security deposit Linking Words
that is
equal to one month’s rent, and Linking Words
that is
all. Linking Words
This
deposit will be returned to them when they move out, provided the rental Linking Words
property
has not been damaged. Use synonyms
However
, the amount for a down payment is significantly higher than a rental security deposit. Linking Words
For instance
, a 20% down payment on a Linking Words
house
with a market value of $200,000 is $40,000. Use synonyms
Thus
, those unable to afford the down payment have no choice but to rent a Linking Words
house
.
Use synonyms
Nonetheless
, owning a Linking Words
house
Use synonyms
also
creates some Linking Words
advantages
tenants cannot obtain. Use synonyms
First
, Linking Words
people
can create their dream Use synonyms
house
. As tenants, Use synonyms
people
cannot renovate their Use synonyms
property
without the landlord’s permission. Use synonyms
Conversely
, owning a Linking Words
home
means complete creative freedom of creation from altering fixtures to full remodels. Use synonyms
Second
, owning a Linking Words
house
is a smart way to build wealth. Use synonyms
For example
, the average price of real estate sold in the United States rose 10% from 2014 to 2019. With Covid-19 driving the marketplace, those increases will continue. Linking Words
Finally
, the benefits of owning a Linking Words
home
are not all about money. If they are ranked in order of importance, the pride that accompanies owning a Use synonyms
home
would be at the top because a Use synonyms
home
solidifies one’s future and shapes the most purposeful life with intangible benefits, Use synonyms
such
as a sense of stability and belonging to a community. Linking Words
People
can eliminate uncertainties and create lasting memories if they purchase their Use synonyms
property
.
To conclude, ranting a Use synonyms
house
may lead to some Use synonyms
advantages
, but owning a Use synonyms
house
can bring more benefits that cannot be gained by a tenant.Use synonyms
Submitted by samuelhui2004 on
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