In some countries, owning a home rather than renting one is very important for people. Why might this be the case ? Do you think this a positive or negative situation ?

In many countries, there are a number of people buying a
property
rather than renting it. Owning a home would be more cost-saving than renting an apartment because it is considered a lifetime accommodation not only for themselves but
also
for their family, and
this
leads to my positive perspectives towards the idea. It is undeniable that buying a
house
could be a stabilized investment, and there are
also
financial benefits. Despite an increase in the cost of living, the price of renting an apartment could cost the same amount as owning a
house
.
Additionally
, homeowners can control their fixed monthly mortgage,
while
rentals encounter
with
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apply
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unstabilized monthly payments when the rent can be increased anytime. Buying a
property
not only brings pride in ownership, but it
also
could be a good long-term investment. Another positive reason for homeownership is that it offers privacy, customization and development of the
house
.
Although
apartment tenants can not select their neighbours, some people choose a nice accommodation by considering the neighbourhood.
Moreover
, living in a good community means that it provides protection for personal privacy.
House
renovation and customization are
also
considered an advantage of owning a
property
.
For example
, homeowners can renovate their homes depending on their interests,
whereas
tenants need to ask for
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the landlords’
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landlords’
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landlord’s
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permission before they can adjust their places. In conclusion,
property
ownership is considered a long-term investment, and it is more positive impacts than renting apartments. Homeowners not only have stable accommodations, but they can
also
provide privacy and positive development for their homes.
Submitted by ann.saitharn on

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Topic Vocabulary:
  • ownership
  • renting
  • importance
  • sense of security
  • stability
  • financial investment
  • asset
  • customize
  • decorate
  • belonging
  • community
  • potential
  • future generations
  • long-term
  • cost advantage
  • control
  • living space
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