In some Countries, owing 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?
Having a good place to live
in
entails making crucial decisions Change preposition
apply
of
whether Change preposition
about
renting
or Change the verb form
to rent
buying
a Wrong verb form
buy
property
. In many parts of the world, buying a home is very essential than leasing for two reasons. First,
it is cheaper and Change the word
second
secondly
it provides a Add a comma
,secondly
sense
of ownership. This
essay will further
discuss these reasons and why this
is a positive situation.
In some countries such
as Australia, renting a house
is cheaper than leasing one. Statistics indicates
that paying rentals can cost about $800 per week. But paying for Change the verb form
indicate
mortgage
of $800,000 can save a fair bit of Add an article
a mortgage
the mortgage
money
every year. On the other hand
, spending money
on rentals does not build equity it only helps pay off the property
owners’ mortgage. Although
expensive it may be, owing
a home is a better option that ends up being cheaper in Correct your spelling
owning
a
long run. Correct article usage
the
Secondly
, living in a home that is
yours provides a sense
of satisfaction of possessing a
Remove the article
apply
property
. This
also
means that people
are free to do whatever they wish to make it a dream house
. For example
, they do not have to worry about the lease contracts, bond payments and other costs associated with renting. Additionally
, it provides a sense
of security knowing that the apartment is yours and do not have to worry about eviction notices. Having a property
gives full control and helps with having a
peace of mind.
One of the reasons why Correct article usage
apply
this
situation benefits residents is that it forces them to save up money
. Thinking about buying an apartment or house
motivates people
to get finances
in order. They gain the discipline Correct pronoun usage
their finances
that is
required to stick to a budget to be able to save the needed down payment. To illustrate, a recent study shows that property
owners have better saving habits. Most of the landlords pay more than they are required on their mortgage. However
, being the owner of a house
allows people
to shift their focus from saving for the month’s rent to saving for the future.
In summary, many people
around the world choose to purchase their accommodation. Not only does this
provide a sense
of ownership but also
it is cheaper. This
is a positive situation because it allows property
owners save
more Fix the infinitive
to save
money
than they could if paying rentals.Submitted by deborahmmunengami on
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