Renting things is becoming very common practice these days. In some countries, most people only prefer to rent their homes instead of buying them. This essay will discuss the advantages and disadvantages of doing so.
There can be two primary advantages of taking house on lease. Firstly, this is very convenient as a person doesn't have to worry about anything. Jobs nowadays demands transferring the employee's from one city to another, so this becomes a very easy solution. For example, the folks working in government organizations needs shifting every 3 to 4 years, hence they cannot buy a house and settle in single city. Secondly, this is more cost effective than getting a house on your name because in this case you only have to pay the rent than giving a lumpsum amount to the seller. Indeed, in a recent survey by the Times of India newspaper, only 40% of the folks believe in buying a house. Overall, leasing is a much simple and light on your pocket experience than purchasing.
On the other hand, there can be some disadvantages also for getting house on lease. Although, it is convenient but the property is not yours so tenants can be asked to vacate with a single month notice. For instance, mostly the owner of the house keeps visiting and once they find a point to blame, tenants could be asked to vacate immediately with a legal notice. The other main demerit is, with increasing demands of accommadation, the amount someone pays to the owner has come much closer to the bank EMIs for housing loans. A recent survey showed the masses are more inclined on taking loans for their homes than they were in the past. Even though lease is on trend but sometimes purchasing your on home becomes a good option.
In conclusion, as much as paying rent for your home is cost efficient and convenient still people likes to have their own house or apartment. This essay discussed the positive and negative points of living in a rented apartment and having one's own house.
Renting things is becoming
very
common practice these days. In
some
countries, most
people
only
prefer to rent their
homes
instead
of buying them. This essay will discuss the advantages and disadvantages of doing
so
.
There can be two primary advantages of taking
house
on lease.
Firstly
, this is
very
convenient as a person doesn't
have to
worry about anything. Jobs nowadays demands transferring the employee's from one city to another,
so
this becomes a
very
easy solution.
For example
, the folks working in
government
organizations needs shifting every 3 to 4 years,
hence
they cannot
buy
a
house
and settle in single city.
Secondly
, this is more cost effective than getting a
house
on your name
because
in this case
you
only
have to
pay the rent than giving a
lumpsum
amount to the seller.
Indeed
, in a recent survey by
the Times of India
newspaper,
only
40% of the folks believe in buying a
house
.
Overall
, leasing is
a much
simple and light on your pocket experience than purchasing.
On the other hand
, there can be
some
disadvantages
also
for getting
house
on lease. Although, it is convenient
but
the property is not yours
so
tenants can
be asked
to vacate with a single month notice.
For instance
,
mostly
the owner of the
house
keeps
visiting and once they find a point to blame, tenants could
be asked
to vacate immediately with a legal notice. The other main demerit is, with increasing demands of
accommadation
, the amount someone pays to the owner has
come
much closer to the bank
EMIs
for housing loans. A recent survey
showed
the masses are more inclined on taking loans for their
homes
than they were in the past.
Even though
lease is on trend
but
sometimes
purchasing your on home becomes a
good
option.
In conclusion
, as much as paying rent for your home is
cost efficient
and convenient
still
people
likes
to have their
own
house
or apartment. This essay discussed the
positive
and
negative
points of living in a rented apartment and having one's
own
house
.