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

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major sources human traits In order to On the one hand In modern society, renting or owning has always been a hot topic. Some people believe that it is more beneficial to rent ,
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others think owning a house brings more advantages. In my opinion, renting has its pros and cons which I will elaborate on
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. First of all, the main benefit of renting is it gives us the flexibility to move around.
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is especially useful for young people who are not ready to settle down.
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, they do not get tied down with long-term financial commitments.
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offers peace of mind and they will have more options to try out different cities or countries before they decide on long-term places to live.
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,one of the main disadvantages of renting is it is usually more costly in
long
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the long
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run. As we all know, inflation has made property price increases tremendously.
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, it will be much more difficult to own in the future.
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, the yearly appreciation of houses in my city is around 5% each year.
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, rental fees usually cover the monthly mortgages. If we rent, we will lose the opportunity to acquire
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important asset , which can be passed down to the next generation. In summary, renting brings merits
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as flexibility and the chance to try out more cities before settling down.
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, it brings some disadvantages especially financially in the long run as it is more expensive to rent. Since property prices
soars
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over the years ,it will be harder to own
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essential asset in the future.
Submitted by japneetmaan22 on

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Structure your answers in logical paragraphs

The easiest way to score well on the IELTS Task 2 writing portion is to structure your writing in a solid essay format.

A strong argument essay structure can be split up into 4 paragraphs, each containing 4 sentences (except the conclusion paragraph, which only contains 3 sentences).

Stick to this essay structure:

  • Paragraph 1 - Introduction
  • Paragraph 2 - First supporting paragraph
  • Paragraph 3 - Second supporting paragraph
  • Paragraph 4 - Conclusion

Discover more tips in The Ultimate Guide to Get a Target Band Score of 7+ »— a book that's free for 🚀 Premium users.

Topic Vocabulary:
  • financial commitment
  • down payment
  • initial costs
  • allocate resources
  • maintenance costs
  • mobility
  • relocate
  • market fluctuations
  • property value
  • building equity
  • appreciate in value
  • asset
  • personalization
  • restrictions
  • rental increases
  • lease renewal
  • financial instability
  • housing budgets
  • long-term security
  • landlord
  • lease agreement
  • equity
  • substantial
  • property ownership
  • property market
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