In some countries, renting homes is preferred to buying homes. Discuss the advantages and disadvantages of renting a home.

Recent decades have witnessed an ever-increasing number of individuals who are eager to purchase their own

homes

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, whereas others prefer to rent than own. In

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essay, I will delve into the benefits and drawbacks associated with renting. The primary advantage of renting a residence is that it offers significant flexibility to renters owing to the fact they could change their places of living after one or two years

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if they are not satisfied with the surrounding environment. To illustrate, plenty of people end their rental contracts with landlords because they are frustrated by the nuisance made by their neighbours.

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, renting is less costly than purchasing since a considerable down payment for a property is not required. There are a staggering number of youngsters unable to afford $600,000 as the

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instalment for their

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.

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, it involves a conspicuous lower cost in renting.

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, the main disadvantage is that landlords could increase their rent every year.

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would indisputably pose an imminent threat to renters' financial affordability, notwithstanding the fact that they are often acknowledged of

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risk before they sign their rental contracts.

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, a renter could not precisely estimate the cost of living under

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prescribed terms and conditions. Meanwhile, if people are asked to move

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every two years, a sense of insecurity arises.

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, they could not possess a fixed residential address,

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to the expensive moving overheads. In conclusion, the principal reason for renting is the flexibility in opting for suburbs or the environment which one prefers.

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, moving

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in a frequent manner could be detrimental to individuals' well-being. After all, people ought to fathom both sides of renting before they enter into a rental contract.