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

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of buying them.

This

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discourse ahead will state the relevant pros and cons linked with

this

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

money

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. What I mean by

this

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is that

,

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apply

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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

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.

Also

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, various other charges like society maintenance

charge

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charges

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and other required

house

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expenses are covered by the owner.

Thus

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, by renting, residents can save a lot of

money

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. Another benefit of renting is flexibility.

In other words

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, 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

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

house

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. First and foremost is

,

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

house

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you can not change the decor of the

house

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.

Secondly

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

house

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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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apply

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house

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ownership

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owners

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for their daughters.

To conclude

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, 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

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. One needs to weigh up the pros of saving

money

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

money

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and flexibility eventually outweigh any negatives.