In some countries, most people prefer to rent their homes rather than buying them. What are the advantages and disadvantages of renting a home?

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Renting a home is a more popular choice in some particular countries than purchasing it.
This
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option can yield some benefits and drawbacks,
such
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as the convenience of having a temporary
house
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and the adverse impacts on the financial aspect. Paying for a place as a short-term accommodation will provide people with the opportunity to adjust themselves first so that it would not be a burden if they want to proceed with their move to other houses. People generally experience uncomfortable situations, which makes them want to change their current place.
For example
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, a family that rents a
house
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requires them to relocate to a larger flat because of having many members in the same place, they would easily move to other locations without having a responsibility to sell their previous home.
On the other hand
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, the renters would undergo financial problems because of the increase
of
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in
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the renting fee.
This
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results in a fluctuating price since the host tends to charge them higher alongside
with
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apply
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the improvements made in the area around the
house
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.
Thus
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, if a
house
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has massive alterations and developments, the price will increase significantly since the real owner wants to get more profits from it, which would give a downside for the renters.
Hence
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, it could be a problem for them since they have to secure other houses to live in.
To conclude
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, renting a home could be a benefit as it facilitates people to adjust before they stay continuously so that it will give them convenience when they desire to move to other places
due to
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some circumstances.
However
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, the changes in the payments can put them at risk in monetary aspects, which makes them struggle to fulfil the payments.
Submitted by hanalyaa29 on

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    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
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Topic Vocabulary:
  • financial commitment
  • down payment
  • initial costs
  • allocate resources
  • maintenance costs
  • mobility
  • relocate
  • market fluctuations
  • property value
  • building equity
  • appreciate in value
  • asset
  • personalization
  • restrictions
  • rental increases
  • lease renewal
  • financial instability
  • housing budgets
  • long-term security
  • landlord
  • lease agreement
  • equity
  • substantial
  • property ownership
  • property market
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