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In some countries, most people prefer to rent their homes rather than buying them. What are the advantages and disadvantages of renting a home? v.17

In many countries, residents still prefer to own their homes; however, in the more developed countries, they prefer to rent rather than own because of affordability factors, property taxes, and maintenance costs. In addition to financial barriers, changing culture is another influencer. A lot of people, these days, are migrating for jobs; therefore, it does not make much sense for them to stay anchored to a particular location by acquiring property there. There are several advantages to renting. For a small family, renting a property helps them keep their expenses in check by avoiding mortgage interests, property taxes, and expensive maintenance. For example, in the state of Texas, USA, residents pay as much as 10 to 12 thousand dollars in property taxes a year. That is roughly the same amount they need to rent a two-bedroom apartment. In addition to taxes, mortgage interest could be anywhere between 8% and 12% for a family with average credit scores. Even though mortgage interest is tax-deductible in most countries, it is something the family needs to cough up each month. In addition to expenses, flexibility is another significant factor. The job market trends are evolving all the time and the demand is shifting from one city to another. The cost of moving is much less if the residents are renting rather than owning; owning also restricts cash-flow temporarily because selling a property takes time. On the flip side, there are several disadvantages to renting that people should take into account. In the past, families remained integrated because of their ancestral homes and its emotional value. We are already seeing that families are drifting apart because they do not have the anchor to hold them together through time. In addition, those who live their entire life in rented homes spend a considerable amount of money on rent which could have been saved for their retirement. For many, it is helpful to fully own the housing to manage through the ups and downs of retirement. Finally, monthly rent is an expense as opposed to mortgage payments that build assets / equity for the owners. Over time, an owned property is another asset that holds financial value. In conclusion, there are many advantages and disadvantages to renting and owning a property. Those who are in the decision-making process should carefully weigh the pros and cons before making a decision, rather than simply considering the monthly expenses.
In
This phrase/word is too simple and can be replaced with:
many
countries, residents
still
prefer to
This phrase/word (depending on the context) can be potentially replaced with :
own
their homes;
however
, in the more
This phrase/word (depending on the context) can be potentially replaced with :
developed countries
, they prefer to
You use this word too often, consider replacing it with
rent
rather
than
This phrase/word (depending on the context) can be potentially replaced with :
own
This phrase/word is too simple and can be replaced with:
because
of affordability factors,
You use this word too often, consider replacing it with
property
You use this word too often, consider replacing it with
taxes
, and maintenance costs. In
You use this word too often, consider replacing it with
addition
to financial barriers, changing culture is another influencer.
This phrase/word is too simple and can be replaced with:
A lot of
This phrase/word (depending on the context) can be potentially replaced with :
people
, these days, are migrating for jobs;
therefore
, it does not
This phrase/word (depending on the context) can be potentially replaced with :
make
much sense for them to stay anchored to a particular location by acquiring
You use this word too often, consider replacing it with
property
there.

There are several advantages to
You use this word too often, consider replacing it with
renting
. For a
This phrase/word is too simple and can be replaced with:
small
You use this word too often, consider replacing it with
family
,
You use this word too often, consider replacing it with
renting
a
You use this word too often, consider replacing it with
property
This phrase/word (depending on the context) can be potentially replaced with :
helps
them
This phrase/word (depending on the context) can be potentially replaced with :
keep
their expenses in
This phrase/word (depending on the context) can be potentially replaced with :
check
by avoiding
You use this word too often, consider replacing it with
mortgage
interests,
You use this word too often, consider replacing it with
property
You use this word too often, consider replacing it with
taxes
, and expensive maintenance.
For example
, in the state of Texas, USA, residents pay as much as 10 to 12 thousand dollars in
You use this word too often, consider replacing it with
property
You use this word too often, consider replacing it with
taxes
a year.
That is
roughly the same amount they need to
You use this word too often, consider replacing it with
rent
a two-bedroom apartment. In
You use this word too often, consider replacing it with
addition
to
You use this word too often, consider replacing it with
taxes
,
You use this word too often, consider replacing it with
mortgage
interest could be anywhere between 8% and 12% for a
You use this word too often, consider replacing it with
family
with average credit scores.
Even though
You use this word too often, consider replacing it with
mortgage
interest is tax-deductible in most countries, it is something the
You use this word too often, consider replacing it with
family
needs to cough up each month. In
You use this word too often, consider replacing it with
addition
to expenses, flexibility is another significant factor. The job market trends are evolving all the time and the demand is shifting from one city to another. The cost of moving is much less if the residents are
You use this word too often, consider replacing it with
renting
rather
than owning; owning
also
restricts cash-flow
temporarily
This phrase/word is too simple and can be replaced with:
because
selling a
You use this word too often, consider replacing it with
property
takes time.

On the flip side, there are several disadvantages to
You use this word too often, consider replacing it with
renting
that
This phrase/word (depending on the context) can be potentially replaced with :
people
should take into account. In the past,
You use this word too often, consider replacing it with
families
remained integrated
This phrase/word is too simple and can be replaced with:
because
of their ancestral homes and its emotional value. We are already seeing that
You use this word too often, consider replacing it with
families
are drifting apart
This phrase/word is too simple and can be replaced with:
because
they do not have the anchor to hold them together through time. In
You use this word too often, consider replacing it with
addition
, those who
This phrase/word (depending on the context) can be potentially replaced with :
live
their entire life in rented homes spend a considerable amount of money on
You use this word too often, consider replacing it with
rent
which could have
been saved
for their retirement. For
This phrase/word is too simple and can be replaced with:
many
, it is helpful to
fully
This phrase/word (depending on the context) can be potentially replaced with :
own
the housing to manage through the ups and downs of retirement.
Finally
, monthly
You use this word too often, consider replacing it with
rent
is an
You use this word too often, consider replacing it with
expense
as opposed to
You use this word too often, consider replacing it with
mortgage
payments that build assets / equity for the owners. Over time, an
This phrase/word (depending on the context) can be potentially replaced with :
owned
You use this word too often, consider replacing it with
property
is another asset that holds financial value.

In conclusion
, there are
This phrase/word is too simple and can be replaced with:
many
advantages and disadvantages to
You use this word too often, consider replacing it with
renting
and owning a
You use this word too often, consider replacing it with
property
. Those who are in the decision-making process should
carefully
weigh the pros and cons
This phrase/word is too simple and can be replaced with:
before
making a decision,
rather
than
simply
considering the monthly expenses.
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IELTS essay In some countries, most people prefer to rent their homes rather than buying them. What are some of the advantages and disadvantages of renting homes

Essay
  American English
4 paragraphs
400 words
6.5
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: 5.5
  • 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: 7.0
  • Answer all parts of the question
  • ?
    Present relevant ideas
  • Fully explain these ideas
  • Support ideas with relevant, specific examples
Labels Descriptions
  • ?
    Currently is not available
  • Meet the criteria
  • Doesn't meet the criteria
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