The members of certain areas claim that being a houseowner can bring more benefits than being a tenant. The following essay will first suggest that the biggest reasons for
this
assumption are the stability and the potential for long-term investments, and Linking Words
then
demonstrate that Linking Words
this
is a negative trend since it exacerbates the financial strain and owners are unable to withdraw the expenses if they intend to vacate.
The foremost reasons for the significance of homeownership are that it can provide a high level of security and generate opportunities for purchasers to earn an extra source of income. Linking Words
Firstly
, as the public can avoid accommodation hunting when a rental contract expires, they can focus on other important decisions Linking Words
such
as career goals or marriage, which altogether boosts their living standard. Linking Words
Secondly
, the settlement of the mortgage empowers buyers to rent out a portion of their property, so they are likely to compensate for the paid expenses and earn additional income. Linking Words
For instance
, in 2020, many landlords in urban centres decided to refurnish their rooms as homestays for rent and Linking Words
this
has brought them large sums of money.
Linking Words
However
, the trend that many individuals value the possession of a residence over rented accommodation is negative Linking Words
due to
its contribution to financial issues and the freedom of relocation. If unexpected difficulties, namely job loss or a decrease in wage, arise, it can be overwhelming to balance between redeeming property taxes and covering utility bills, which raises concerns about eviction or stress. Linking Words
Furthermore
, Linking Words
while
tenants can easily terminate a rental contract and find a new place if they are not satisfied with their current accommodation, it is very difficult for homeowners to do the same. A clear example can be seen with Indonesian citizens who relocate to a region without knowing the existence of a nearby active mountain. Linking Words
Therefore
, they either have two options: either make their residence available for a cheap rent or accept living in fear.
In conclusion, I believe that purchasers in some countries now prefer to buy their homes because they seek stability and a way to make a profit. Linking Words
Nevertheless
, unless thorough considerations are made, homeowners may face undesirable outcomes Linking Words
as a result
.Linking Words
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