Many people hold the view that it is better to buy their home rather than rent it. Do you agree or not?
In modern days, many people believe that buying an accommodation is more optimal than renting
one
. This
essay will express the opinion of this
writer that buying a place
to settle down is better because of financial issues and the limitation of accessibility.
It is vital to understand that buying your own place
could financially benefit you instead
of renting one
.What I mean is once you buy a home
that means you own real estate , and that home
would become your property as you know real estate can grow very rapidly and after time your home
will be worth much more than the value when you buy it. Otherwise
, renting your living place
could affect your money.Due to
the fact that you have to worry about your rent
payment every month and it will take away a percentage of your income, it is obvious that owning a home
and not having to pay rent
will allow you to live more comfortably and you will be able to use all your money to do everything you like. Therefore
, there are multiple financial reasons against renting an accommodation such
as rent
will be a part of your monthly income and owning a property could benefit you later on.
Another key component of the case for buying a living place
is that you will get access to everything in your house
and can do everything in your favour.Indeed, if you own your place
you can customize it by your own idea . For example
, you can hire a designer to embellish your home
, make it as pretty as you wish and you now have a home
that will satisfy you and it also
shows your own characteristic. While
renting accommodation will have some restrictions and you can not get full access to your house
. If you want to make some changes in your house
, it will not be able as it might be included in the rental contract and the landowner would not be happy with that.It would be self-evident that buying your home
would be more convenient in terms of personalization as you can not do everything with your rented house
.
In conclusion, it can be seen that owning your home
is better because it would be your property and its value can rise over time ,also
renting one
will not benefit you economically. Moreover
, there are reasons for limitations for the personalization of your home
when you decided to rent
it but buying one
just solves your problem .Submitted by [email protected] on
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