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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?

#countries #people #rent #home #house
Owning a home used to be the ultimate goal for
people
 who want to build their lives and start a family. These days, things have changed and it became a norm for
people
 especially younger generations to opt for renting
instead
 of buying a
house
. While renting can have a
lot
 of benefits, it certainly has some downsides as well and I will elaborate on
this
 in the following paragraphs.
First
 and foremost, renting might be a less financial strain
option
 since buying a
house
 is a very serious commitment, especially nowadays when the price of housing in several places is sky-rising.
Therefore
, It requires financial and career stability which most younger generations do not have.
Secondly
, renting a
house
 requires less need for maintenance since it is the responsibility of landlords.
Thirdly
,
people
 in the younger generation have the tendency to change jobs more often and are not ready to settle yet.
Hence
, renting is a more flexible
option
 for them.
Moreover
, living in a big
house
 is not a more preferable choice for everybody. It is harder to clean and maintain.
Hence
, living in an apartment might be more suitable for
people
 who do not have big families or live alone.
However
, despite having a
lot
 of advantages. Some of the drawbacks of renting
instead
 of buying a home will be
first
, it requires
people
 to move every year or two and moving can mean a
lot
 of hassle.
Secondly
, buying housing means you permanently own the property. Renting
on the other hand
, even though the monthly renting price can be as high as the monthly instalment for buying a home, it still means that you do not get to own the property. In conclusion, renting became a more popular
option
 for
people
 in recent times due to the fact that it is a more affordable and flexible
option
that is
 more suitable for younger generations.
However
, it still has a
lot
 of disadvantages take need to take into account.
Submitted by prawuntipjaa on

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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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