Many people hold the view that it is better to buy their home rather than rent it. Do you agree with this statement or not

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There are a lot of
people
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considering the view that owning a
house
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is much more important than renting it. In my point of view, I agree with that statement and I will write
this
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essay to explain why I agree with the above statement. On the one hand,
people
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owning a
home
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do not have to worry about the landlord nor do they have to pay monthly rent.
Hence
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, they can modify their
home
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according to
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their needs and wants and feel secure in it. For many
people
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,their houses are like heaven and so they spend quite a fortune on designing and decorating those. Some
people
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,
on the other hand
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, consider their
home
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as an investment which they expect to appreciate in value in the future. All in all, I feel that whether owning a
home
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is a positive or negative situation is quite subjective, depending on the circumstances of the person. For
people
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who have the money to buy a big
house
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and few financial liabilities, their
house
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is an asset and owning a
house
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is a positive situation for them.
However
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, most of the middle classes families buy a big
house
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which is often out of their budget. They fund
this
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by taking out huge loans and end up repaying the amount over a very long time.
This
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increases the interest they have to pay.
In addition
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to
this
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, they have to pay property taxes and insurance which are directly proportional to the area of a
home
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.
Furthermore
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, the electricity and maintenance costs get added to their everyday expenses.
To conclude
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, I feel that owning a
home
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can be a pleasurable experience if done within a budget.
However
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, it could turn into a negative situation when a person buys a
home
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by getting a loan
that is
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way beyond his repaying capacity.
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Support ideas with relevant, specific examples

Examples make your writing easier to understand by illustrating points more effectively.

Examples, if used properly, not only help you get higher marks for ‘Task Response’ but also for ‘Coherence’.

When giving examples it is best to put them after your main idea or topic sentence. They can be used in the middle of supporting sentences or they can be used to start a new sentence. There is no rule for where exactly to give examples in essays, logically they would come after your main idea/topic sentence or just after a supporting sentence.

Linking words for giving examples:

  • for example
  • for instance
  • to illustrate this
  • to give a clear example
  • such as
  • namely
  • to illustrate
  • take, for example

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Topic Vocabulary:
  • property ladder
  • mortgage
  • rental agreement
  • down payment
  • equity
  • appreciate
  • rental market
  • monthly installments
  • credit score
  • repairs and maintenance
  • landlord
  • tenant
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