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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 prefer renting rather than buying a house. While renting can have plenty of benefits, it certainly has some downsides as well and I will elaborate on
this
 in the following paragraphs. The
first
 and possibly the most relevant factor when making decisions for most
people
 is that renting is a less financial strain choice. Buying a house is a very serious commitment, especially nowadays when the price of housing in several places is skyrocketing.
Therefore
, It requires financial and career stability which most younger
generations
 do not possess.
For instance
, in prominent cities around the world, the price of buying properties can be incredibly high.
Thus
, renting might be a more viable alternative.
Secondly
, renting a house requires less need for maintenance since it is the responsibility of landlords.
Thirdly
, younger
generations
 have the tendency to change jobs more often and are not ready to settle yet.
Hence
, renting is a more flexible option for them. Despite having a lot of advantages. Some of the drawbacks of renting
instead
 of buying a home will be
first
, it requires moving every year or two and moving can be a difficult and daunting task with a lot of hassle and can lead to pieces of furniture and valuable items getting damaged.
Second
, 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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  • such as
  • namely
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  • take, for example

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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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