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?

It is argued that in some nations owning a property is much more important than renting.

This

is mainly because owning a

home

gives a feeling of security, stability, and the freedom to renovate it. In my view,

this

is a positive development as homeowners can make money if they sell their houses in the future.

To begin

with, if people own their own

home

they do not have to worry about paying monthly rent and are less anxious about restrictions on decorating the interior.

In other words

, they tend to feel more stable and comfortable than if they were renting.

This

enables them to renovate and decorate their

according to

their desires, without the worry of a landlord complaining.

For instance

, recent research has shown that in the UK the vast majority of new homeowners feel that owning a

home

is an investment, so they spend most of their income on DIY projects, interior goods, and decorating. I believe that there is a huge advantage to owning a

home

because it is an investment where the value of the house increases every year.

That is

to say, when someone buys a house and installs a new kitchen

,

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or bathroom

,

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and redesigns the interior, the value of the property rises considerably.

For example

, in

England

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people who rent their homes will never get that money back,

whereas

those who buy a property can sell it for a considerable profit after just a few years, even in a tough economic situation. In conclusion, owning a house or flat gives one a sense of security and the choice to redecorate. In my opinion,

this

is a great benefit because people who invest in their

home

can sell it later on at a profit.