In some countries, most people prefer to rent a house rather than buying one. Describe the advantages and disadvantages of renting v.1
In some countries, most people prefer to rent a house rather than buying one. Describe the advantages and disadvantages of renting v. 1
Whether to buy a property or to rent one, is always a debatable topic. While, most of the people are trending towards renting rather than owning a house. In this essay, I will try to discuss some of the advantages and disadvantages of renting.
Renting a home is mostly cheaper than buying a home. There is a fixed amount which needs to be paid on a monthly basis instead of paying a hefty mortgage for purchasing a house. Furthermore, this lump sum amount will include all utilities paving way for some additional saving. Besides, all of the maintenance and small repairs are usually housed owner's responsibility, which gives a sense of relief to the tenant. Moreover, it gives more flexibility as most of the lease contracts are for 12 months, so if a job requires to move frequently then renting an accommodation is better than owning.
However, this trend has some disadvantages as well. The house rent is not fixed as compared to the fixed mortgages. Rent amount is usually changed on a yearly basis. Besides, renting a house is considered to be a liability while owning a house is an asset.
To sum it up, it is always a personal preference to either buy a house or rent a house depending upon the requirement and circumstances. The world is a global village and people are migrating from one place to another which increases the number of people opting for this option. Moreover, the benefits of renting outweighs than any of its drawbacks
Whether to
buy
a property or to
rent
one, is always a debatable topic.
While
, most of the
people
are trending towards
renting
rather
than owning a
house
. In this essay, I will try to discuss
some of the
advantages and disadvantages of renting.
Renting a home is
mostly
cheaper than buying a home. There is a
fixed
amount which needs to
be paid
on a monthly basis
instead
of paying a hefty mortgage for purchasing a
house
.
Furthermore
, this lump sum amount will include all utilities paving way for
some
additional saving.
Besides
,
all of the
maintenance and
small
repairs are
usually
housed owner's responsibility, which gives a sense of relief to the tenant.
Moreover
, it gives more flexibility as most of the lease contracts are for 12 months,
so
if a job requires to
move
frequently
then
renting
an accommodation
is better than owning.
However
, this trend has
some
disadvantages
as well
. The
house
rent
is not
fixed
as compared to the
fixed
mortgages.
Rent
amount is
usually
changed
on a yearly basis.
Besides
,
renting
a
house
is considered
to be a liability while owning a
house
is an asset.
To sum it up, it is always a personal preference to either
buy
a
house
or
rent
a
house
depending upon the requirement and circumstances. The world is a global village and
people
are migrating from one place to another which increases the number of
people
opting for this option.
Moreover
, the benefits of
renting
outweighs than any of its drawbacks
10Linking words, meeting the goal of 7 or more
15Repeated words, meeting the goal of 3 or fewer
5Mistakes