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In most of countries people prefer to rent a house rather than buying new. What are advantages and disadvantages of both?

In most of countries people prefer to rent a house rather than buying new. What are advantages and disadvantages of both? kYWVO
The home is basic need of all human beings. A residence provides shelter to people and also it's a place to rest. Arguably, the money which is spent by an individual on their home, whether renting or buying is one of the highest expenses incurred during a life time. Renting a home is lower risk and provides flexibility while giving less personal control and monetary gain, however owning a house can be risker and also it can provide more control and profit. Renting a home is lower risk for tenants and also gives the ability to relocate for workplace and school. In other words, the tenants can move around to new location at their ease by giving one month notice to the owner and can move to the location as per their choice which is near to their workplace. To exemplify it, millions of students around the world pay between 300 to 500 dollars for monthly rent and once their semester is over they move back to their hometown so this is clear benefit of leasing. However, tenants can not make significant changes in their home without the premission of landlords and also students renting their apartments cannot suddenly decide to rebuild their bathrooms, nor they ever get back the 500 dollars paid to the landlords therefore these are the negatives of leasing. The leading benfit of buying a house is that, it provides an opporunity to get profits. clearly, the rates of home prices goes ups according to the time so there would be a substantial return on investment. For instance, if a person stays for long time in his home then the price of house may increase and a person can indirectly get profits in this way. However, in a bid of luxurious lifestyle, the buyers can be under the debt as they will have to pay tax to state and although the mortgage payments are generally fixed, they are usually higher than the rented house so it would be risker to buy a house. In conclusion, although renting house has flexibility for tenants, owning home is far better than it, as the buyers can get monetary gain and also save their money for their entire life. I believe that buying a personal home is more preferable than the rented one's.
The home is basic need of all human beings. A residence
You use this word too often, consider replacing it with
provides
shelter to
This phrase/word (depending on the context) can be potentially replaced with :
people
and
also
it's a place to rest.
Arguably
, the money which
is spent
by an individual on their home, whether
You use this word too often, consider replacing it with
renting
or buying is one of the highest expenses incurred during a
Did you mean "lifetime"?
life time
.
You use this word too often, consider replacing it with
Renting
a home is lower
This phrase/word (depending on the context) can be potentially replaced with :
risk
and
You use this word too often, consider replacing it with
provides
flexibility while giving less personal control and monetary gain,
however
owning a
You use this word too often, consider replacing it with
house
can be
Possible spelling mistake found.
risker
and
also
it can
You use this word too often, consider replacing it with
provide
more control and profit.

Renting a home is lower
This phrase/word (depending on the context) can be potentially replaced with :
risk
for
You use this word too often, consider replacing it with
tenants
and
also
gives the ability to relocate for workplace and school.
In other words
, the
You use this word too often, consider replacing it with
tenants
can
This phrase/word (depending on the context) can be potentially replaced with :
move
around to new location at their
This phrase/word (depending on the context) can be potentially replaced with :
ease
by giving
It seems that a hyphen is missing.
one month
notice to the owner and can
This phrase/word (depending on the context) can be potentially replaced with :
move
to the location as per their choice which is near to their workplace. To exemplify it, millions of students around the world pay
Use "between" + "and" not "to." Try this: "between 300 and 500".
between 300 to 500
dollars for monthly rent and once their semester is over they
This phrase/word (depending on the context) can be potentially replaced with :
move
back to their hometown
This phrase/word is too simple and can be replaced with:
so
this is
This phrase/word (depending on the context) can be potentially replaced with :
clear
benefit of leasing.
However
,
You use this word too often, consider replacing it with
tenants
can not
This phrase/word (depending on the context) can be potentially replaced with :
make
significant
This phrase/word (depending on the context) can be potentially replaced with :
changes
in their home without the
Possible spelling mistake found.
premission
of landlords and
also
students
You use this word too often, consider replacing it with
renting
their apartments cannot
suddenly
decide to rebuild their bathrooms, nor they ever
This phrase/word (depending on the context) can be potentially replaced with :
get
back the 500 dollars paid to the landlords
therefore
these are the negatives of leasing.

The leading
Possible spelling mistake found.
benfit
of buying a
You use this word too often, consider replacing it with
house
is that, it
You use this word too often, consider replacing it with
provides
an
Possible spelling mistake found.
opporunity
to
This phrase/word (depending on the context) can be potentially replaced with :
get
profits.
This sentence does not start with an uppercase letter
clearly
, the rates of home prices goes ups according to the time
This phrase/word is too simple and can be replaced with:
so
there would be a substantial return on investment.
For instance
, if a person stays for long time in his home then the price of
You use this word too often, consider replacing it with
house
may increase and a person can
indirectly
This phrase/word (depending on the context) can be potentially replaced with :
get
profits in this way.
However
, in a bid of luxurious lifestyle, the buyers can be under the debt as they will
This phrase/word is too simple and can be replaced with:
have to
pay tax to state and although the mortgage payments are
generally
This phrase/word (depending on the context) can be potentially replaced with :
fixed
, they are
usually
higher than the rented
You use this word too often, consider replacing it with
house
This phrase/word is too simple and can be replaced with:
so
it would be
Possible spelling mistake found.
risker
to
This phrase/word (depending on the context) can be potentially replaced with :
buy
a
This phrase/word (depending on the context) can be potentially replaced with :
house
.

In conclusion
, although
You use this word too often, consider replacing it with
renting
You use this word too often, consider replacing it with
house
has flexibility for
You use this word too often, consider replacing it with
tenants
, owning home is far better than it, as the buyers can
This phrase/word (depending on the context) can be potentially replaced with :
get
monetary gain and
also
save their money for their entire life. I believe that buying a personal home is more preferable than the rented one's.
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IELTS essay In most of countries people prefer to rent a house rather than buying new. What are advantages and disadvantages of both?

Essay
  American English
4 paragraphs
383 words
6.0
Overall Band Score
Coherence and Cohesion: 6.0
  • Structure your answers in logical paragraphs
  • ?
    One main idea per paragraph
  • Include an introduction and conclusion
  • Support main points with an explanation and then an example
  • Use cohesive linking words accurately and appropriately
  • Vary your linking phrases using synonyms
Lexical Resource: 5.0
  • Try to vary your vocabulary using accurate synonyms
  • Use less common question specific words that accurately convey meaning
  • Check your work for spelling and word formation mistakes
Grammatical Range: 6.5
  • Use a variety of complex and simple sentences
  • Check your writing for errors
Task Achievement: 6.0
  • Answer all parts of the question
  • ?
    Present relevant ideas
  • Fully explain these ideas
  • Support ideas with relevant, specific examples
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    Currently is not available
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