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In some countries, owning a home rather than renting one is very important for people. Why is this the case? Do you think this is a positive or negative situation?

People in some countries now consider owning a home to be more important than renting one. This essay will discuss the underlying reasons for this preference and elaborate on why it is a negative development. There are two main reasons for people’s preference for home ownership. First, for some people, owning a house or an apartment means that they do not have to waste time on accommodation hunting when a rental contract expires. Therefore, they can just focus on their career goals or other important things, such as marriage. Second, nowadays many people buy a home with a mortgage, and so they know the exact amount of money they owe and also the regular amount they have to pay. This allows people to make a clear long-term financial plan for the future. However, this is not the case when they rent a home because they are subject to changes in the rental price made by landlords. The trend that many people value home ownership over rented accommodation is negative due to the following reasons. Most houses or apartments have low liquidity, which means they cannot be easily exchanged for cash. As a result, people who are still redeeming their mortgages may not be able to spend money on other big investments. In addition, while a tenant can easily terminate a rental contract and find a new place if they are not satisfied with their current accommodation, it is very difficult for home owners to do the same. In other words, once a person makes an unwise decision and buys a home that they later regret, they are usually left with only two options: either make the home available for rent or accept living in a place they are not happy with. In conclusion, people in some countries now prefer to buy their homes because they value stability that owning a home provides and want to have clear future plans. However, unless thorough considerations are made, home owners may have to face undesirable outcomes from such a decision.
People
in
some
countries
now
consider owning a home to be more
important
than renting one. This essay will discuss the underlying reasons for this preference and elaborate on why it is a
negative
development.

There are two main reasons for
people’s
preference for home ownership.
First
, for
some
people
, owning a
house
or an apartment means that they do not
have to
waste time on accommodation hunting when a rental contract expires.
Therefore
, they can
just
focus on their career goals or other
important
things, such as marriage. Second, nowadays
many
people
buy
a home with a mortgage, and
so
they know the exact amount of money they owe and
also
the regular amount they
have to
pay. This
allows
people
to
make
a
clear
long-term financial plan for the future.
However
, this is not the case when they rent a home
because
they are subject to
changes
in the rental price made by landlords.

The trend that
many
people
value home ownership over rented accommodation is
negative
due to the following reasons. Most
houses
or apartments have low liquidity, which means they cannot be
easily
exchanged for cash.
As a result
,
people
who are
still
redeeming their mortgages may not be able to spend money on other
big
investments.

In addition
, while a tenant can
easily
terminate a rental contract and find a new place if they are not satisfied with their
current
accommodation, it is
very
difficult for
home owners
to do the same.
In other words
, once a person
makes
an unwise decision and
buys
a home that they later regret, they are
usually
left
with
only
two options: either
make
the home available for rent or accept living in a place they are not happy with.

In
conclusion,
people
in
some
countries
now
prefer to
buy
their
homes
because
they value stability that owning a home provides and want to have
clear
future plans.
However
, unless thorough considerations
are made
,
home owners
may
have to
face undesirable outcomes from such a decision.
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IELTS essay In some countries, owning a home rather than renting one is very important for people. Why is this the case? Do you think this is a positive or negative situation?

Essay
  American English
5 paragraphs
337 words
6.0
Overall Band Score
Coherence and Cohesion: 6.5
  • 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: 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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