In some countries, people prefer to rent a house for accommodation, while in other countries people prefer to buy their own house. Does renting a house have more advantages or disadvantages than buying a house? Give reasons for your answer and include any relevant examples from your own knowledge or experience.

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Globally,Some individuals prefer to purchase their own accommodation,In-contrast some manage to spend their lives in a rental building.In
this
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essay,we will discuss the merits and demerits of both.
To begin
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with,people prefer to rent a condominium due to financial constraints.Buying a penthouse in a major city will cost them lakhs of rupees,
moreover
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,the maintenance charges and property tax are not affordable for a common middle-class family.
Also
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,they can relocate to another city or town if they found a better job opportunity.
Moreover
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,one can move to a nearby school for the benefit of their children.
For example
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,you can easily vacate the building if there is any dispute with the house owner.
Also
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,you can choose your suite within your budget and taste.You can
also
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get your advance back from the mansion owner after vacating your dwelling.
Therefore
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,renting an apartment is a better idea.
However
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,Owning a building comes with some advantages.You will be the sole owner of the plot and it can be used by your family as a permanent residence after your death.
Moreover
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,you can sell the estate for good profits and it can be used to multiply your business value.
For example
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,owning a home is viewed by most people as a social status.you can
also
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modify your building according to your requirements.
In addition
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,your residence's market value will increase if there are any major projects from the government that are started nearby.
Also
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,you can show the residence as residential proof. To conclude,Even though owning an apartment seems to be a better idea,renting makes one's life easy and comfortable.
Therefore
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,renting have more advantages than owning a box.
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Topic Vocabulary:
  • accommodation
  • flexibility
  • mobility
  • cost-effective
  • upfront investment
  • homeownership
  • equity
  • appreciation
  • stability
  • security
  • customization
  • financial security
  • asset accumulation
  • responsibilities
  • maintenance
  • repairs
  • property taxes
  • housing market
  • accessible
  • amenities
  • utilities
  • landlord
  • individual circumstances
  • financial stability
  • lifestyle preferences
  • long-term plans
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