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?

People in some nations consider owning a
home
much more important than renting one. Living in a self-owned
house
gives a feeling of stability, comfort and security. In my ,opinion whether it is a positive or negative situation depends on many factors. People owning a
home
do not have to worry about the landlord nor do they have to pay a monthly rent.
Hence
, they can modify their accommodation
according to
their needs and wants and feel secure in it. For many, the
house
is like heaven and so they spend quite a fortune on designing and decorating it.
Moreover
,having a
house
also
means you do not need to worry about the monthly rental fee. Another reason to buy a
home
is that it can turn into a future investment.Your living place is a property that could be sold and it becomes more and more valuable over time .
Home
can be
also
used for renting ,
therefore
being a source of income for homeowners.
To conclude
, I feel that becoming a
house
owner is a preferable option to rent one since it can be a pleasurable experience if done within a budget.
However
, it could turn into a negative situation when a buyer gets a loan
that is
way beyond his repaying capacity.
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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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