Renting a house is becoming more popular than owning one. A few individuals opine that it is better to rent a house; however, others say that one should invest to buy their own home. This essay will demonstrate how it can be advantageous to rent a house and what problems one might face.
The first and foremost advantage is location preference. For a middle-class person, it is not possible to buy a home amidst city, thereby they can easily rent it without worrying about their budget. Not only it is easy for them to commute to their workplaces but also it can save their precious time, which might have been wasted in traffic, instead. In addition to this, they are not accounted for maintenance that they might have been doing while staying in their own house and they are flooded with various options if they need to relocate either because of lack of amenities or their office is shifted somewhere else. To cite an instance, it has been widely seen that if people switch their jobs, they rent a new accommodation.
It is irrefutable to say that having their own home is everyone's dream. People do feel uneasy in rented homes due to various reasons such as denial of the landlord to provide a PAN card for tax rebate, fixing varoius renovations related problems and paying the payment online. Owners, nowadays, are taking advantage of it and not listening to the any requests made by tenants. As per the survey conducted by 'The Times of India' in December 2018, 7 out of 10 people are struggling to get income tax rebate on account of their rented property as landlords are not providing them with PAN number.
To conclude, renting a house is a favorable option if one wants to avoid traffic while driving to their office, nonetheless the same can be a problem when it comes to managing their tax rebate and other expenses such as maintenance.
Renting a
house
is becoming more popular than owning one. A few individuals opine that it is better to
rent
a
house
;
however
, others say that one should invest to
buy
their
own
home. This essay will demonstrate how it can be advantageous to
rent
a
house
and what problems one might face.
The
first
and foremost advantage is location preference. For a middle-
class
person, it is not possible to
buy
a home amidst city, thereby they can
easily
rent
it without worrying about their budget. Not
only
it is easy for them to commute to their workplaces
but
also
it can save their precious time, which might have
been wasted
in traffic,
instead
.
In addition
to this, they are not accounted for maintenance that they might have been doing while staying in their
own
house and
they
are flooded
with various options if they need to relocate either
because
of lack of amenities or their office
is shifted
somewhere else. To cite an instance, it has been
widely
seen
that if
people
switch their jobs, they
rent
a new accommodation
.
It is irrefutable to say that having their
own
home is everyone's dream.
People
do feel uneasy in rented
homes
due to various reasons such as denial of the landlord to provide a PAN card for tax rebate, fixing
varoius
renovations related problems and paying the payment online. Owners, nowadays, are taking advantage of it and not listening to the any requests made by tenants. As per the survey conducted by 'The Times of India' in December 2018, 7 out of 10
people
are struggling to
get
income tax rebate on account of their rented property as landlords are not providing them with PAN number.
To conclude
, renting a
house
is a favorable option if one wants to avoid traffic while driving to their office, nonetheless the same can be a problem when it
comes
to managing their tax rebate and other expenses such as maintenance.