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

, whereas others prefer to rent than own. In

this

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

,

Remove the comma

apply

show examples

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.

Furthermore

, 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

first

instalment for their

homes

.

Consequently

, it involves a conspicuous lower cost in renting.

On the contrary

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

This

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

this

risk before they sign their rental contracts.

As a result

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

such

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

homes

every two years, a sense of insecurity arises.

For instance

, they could not possess a fixed residential address,

in addition

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.

Nonetheless

, moving

homes

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.