In some countries, most people prefer to rent their homes rather then buying them. What are the advantages and disadvantages of renting a home?

Many people, in a few countries, desire to stay in their homes on rent

instead

of buying them.

This

discourse ahead will state the relevant pros and cons linked with

this

trend. One of the main advantages of renting a home is saving

money

. What I mean by

this

is that

,

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when you buy a home you have to bear the initial cost i.e. downpayment, which is saved when you rent a

house

.

Also

, various other charges like society maintenance

charge

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charges

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and other required

house

expenses are covered by the owner.

Thus

, by renting, residents can save a lot of

money

. Another benefit of renting is flexibility.

In other words

, if you do not like the place you are staying, you have the right to switch your home to a new place without any

boundation

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foundation

, which is not the case if you own the

house

. Now, turning to the other side of the argument, there are some disadvantages of renting a

house

. First and foremost is

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less freedom. To be more precise, if you are not owning the

house

you can not change the decor of the

house

.

Secondly

, you are judged as a failure by many ethnicities if you do not have ownership of the

house

so there is

loss

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a loss

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of status quo. Let's take India, as an example. Buying property is aligned with the social status in India. As per the survey conducted by the ‘Times of India’, 73% of Indian parents look for men with

the

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house

ownership

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owners

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for their daughters.

To conclude

, after

all

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,all

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things considered in

regards

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regard

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to buying versus renting a

house

. One needs to weigh up the pros of saving

money

and flexibility, and the cons of loss of freedom and societal success. Personally, I believe the benefits of saving a chunk of

money

and flexibility eventually outweigh any negatives.