In some countries most people prefer to rent their houses rather than buying their houses. what are the advantages and disadvantages of renting a house?

whether we like it or not, accommodation is a substantially significant topic that has triggered an untold amount of debate among various folks. In some nations, many individuals decide that renting their home is more preferable than buying it. In the upcoming paragraphs, both merits and demerits will be discussed. To commence with, the main benefit of renting a house rather than buying one is that you can move at any time. If you change your job and the new office is far away,

then

you can

rent

a house closer to your work, which will save you lots of time commuting. Or, for whatever reason, crime becomes an issue in your local

neighborhood

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neighbourhood

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, you can pack up your belongings and move. Clearly, being able to move is a key advantage of renting.

On the other hand

, when it comes to demerit, renting a property is paying a staggering amount of money monthly without any investment purpose. an elderly who does not own a house would face the detrimental challenges of paying the

rent

with a retirement pension.

moreover

, if the rate of the

rent

increases the individuals should pay the

rent

from their safes. Obviously paying without any financial investment could be harmful to people's lives. All summed up, in

this

essay I argued that renting provides greater flexibility

while

owning results in a greater financial reward. Personally, I prefer to

rent

so that I can live a more flexible lifestyle.