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.
Globally,Some individuals prefer to purchase their own accommodation,In-contrast some manage to spend their lives in a rental building.In
this
essay,we will discuss the merits and demerits of both.
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To begin
with,people prefer to rent a condominium due to financial constraints.Buying a penthouse in a major city will cost them lakhs of rupees,Linking Words
moreover
,the maintenance charges and property tax are not affordable for a common middle-class family.Linking Words
Also
,they can relocate to another city or town if they found a better job opportunity.Linking Words
Moreover
,one can move to a nearby school for the benefit of their children. Linking Words
For example
,you can easily vacate the building if there is any dispute with the house owner.Linking Words
Also
,you can choose your suite within your budget and taste.You can Linking Words
also
get your advance back from the mansion owner after vacating your dwelling. Linking Words
Therefore
,renting an apartment is a better idea.
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However
,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.Linking Words
Moreover
,you can sell the estate for good profits and it can be used to multiply your business value.Linking Words
For example
,owning a home is viewed by most people as a social status.you can Linking Words
also
modify your building according to your requirements.Linking Words
In addition
,your residence's market value will increase if there are any major projects from the government that are started nearby.Linking Words
Also
,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.Linking Words
Therefore
,renting have more advantages than owning a box.Linking Words
Submitted by stevejegan on
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