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 is a positive or negative situation.

In the world today, many people value homeownership over renting. In my opinion,
owing
Correct your spelling
owning
show examples
a
home
provides stability and prestige and
this
essay will discuss the merits of
home
acquisition. The motivational reason behind building a
house
is that it provides a base where different generations of families can live to create lovely memories.
For instance
, whenever I visit my family
house
in Apapa Lagos, Nigeria, it reminds me of my childhood experiences with my siblings.
In addition
, having one's
home
also
prevents one from the psychological and emotional trauma that comes with
house
rent defaults.
Moreover
,
house
ownership is a form of investment as real estate increases in the long term.
Furthermore
, an individual who rents an apartment is necessitated to maintain a steady source of income in order to be able to pay
house
rent on time even if it is at the expense of other pressing needs
whereas
a landlord has the freedom to use his money for other lucrative business.
Also
, being a homeowner comes with a lot of opportunities that tenants cannot have access to.
For instance
, a landlord can use his
house
as collateral to obtain a loan from a bank. In conclusion, it is the desire for stability and the news to have something to refer to as one's own that makes an individual cherish
home
ownership over renting
Submitted by oludayotemilade on

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Word Count

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Aim for between 260 to 290 words in writing task 2. This will ensure a concise essay and will be realistic in terms of time management. You have only 40 minutes to write the essay and you need around 10 minutes of planning time, so you will not be able to write a long essay in 30 minutes.

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Essentional vocabulary list for IELTS Writing 7+

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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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