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

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Many populations in our society reside by home renting due to their idiosyncratic judgements or unconditional circumstances.
Nonetheless
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, benefits and drawbacks exist whether some prefer to live by monthly payments or own a house.
This
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essay will compare the negative and positive aspects of entering the real estate market.
To begin
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with, one is not burdened with housing maintenance and mortgage debts by living in a rental property. For some landlords, these monthly costs exceed the earning income, leading to insolvency.
Moreover
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, housing markets are volatile due to the heavily leveraged loans.
For example
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, during the financial crisis in 2008, many homeowners lost their properties or were in debt due to the market crash. Overall, dwelling in a rental home can avoid these crucial situations and dangers.
On the other hand
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, housing prices owned by the landlord will likely increase on the long-term horizon; meanwhile, living in a rented shelter will not gain any advantages.
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, after the financial crisis, the housing market persistently surged until today, indicating the success of those who owned the properties during these periods.
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, homeowners are authorized to evict if necessary, and people who live in rentals are at risk.
Therefore
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,
as a result
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, some major disadvantages are included when one decides to stay in the rental properties, even if he can own one. In conclusion, both advantages and disadvantages follow in a decision to own a home. It is up to an individual’s responsibility and judgement because each position carries particular risks and liabilities.
Submitted by julyest71 on

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Answer the 'Advantages and Disadvantages' topic

IELTS advantages and disadvantages questions normally give you a statement and ask you to comment on the advantages and disadvantages of that statement.

Answer structure for the type of essay

  • Introduction
  • Body paragraph 1 – advantages
  • Body paragraph 2 – disadvantages
  • Conclusion

Examples to start your body paragraph:

  • The main advantage is...
  • The disadvantage of this...
  • The main benefit...
  • Despite these advantages...
  • One possible drawback...

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Topic Vocabulary:
  • flexibility
  • mobility
  • upfront costs
  • maintenance
  • repairs
  • amenities
  • property taxes
  • long-term commitment
  • control
  • privacy
  • rent increase
  • restrictions
  • customization
  • investment
  • tenure
  • dependency
  • landlords
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