It can be observed that most people find it more convenient to lease a house instead of purchasing a property for their accommodation. This essay will discuss the benefits and drawbacks of renting.
For many working individuals who are continually seeking better opportunities, they choose to stay in a rented place so that they can be able to move easier when they need to. Likewise, buying a house requires a significant amount of money, which often involves the need to pay association dues when it is located in the subdivision. The exorbitant price spending for acquiring houses is not practical when a person would need to relocate and cannot live there for a longer period of time. In that case, renting is more advantageous considering the availability and easy access as well to repair and maintenance service when needed. Tenants would just need to inform their landlords, who normally are responsible to handle the concerns and to contact the service provider.
On the other hand, the cash outflow from renting are all considered expenses, while expenditures of buying a house are assets and can be an investment when the person lease the house in the long run. Another detriment of renting is tenants are generally not allowed to change the interior of the house and there are limits as to what appliances to use and have restrictions on certain parts of the house. For example, using gas stoves is not allowed because it may easily cause fire for being negligent. In addition to that, landlords would not allow to use the balcony for drying clothes due to subdivision policies among homeowners, hence, tenants should follow as well.
To summarize, the convenience of living in a rented house for a short period is a major advantage while the disadvantages are the restrictions imposed by using the property and the cash outlay for renting have no future financial benefits.
It can
be observed
that most
people
find it more convenient to lease a
house
instead
of purchasing a property for their accommodation. This essay will discuss the benefits and drawbacks of renting.
For
many
working individuals who are
continually
seeking better opportunities, they choose to stay in a rented place
so
that they can be able to
move
easier when they
need
to.
Likewise
, buying a
house
requires a significant amount of money, which
often
involves the
need
to pay association dues when it
is located
in the subdivision. The exorbitant price spending for acquiring
houses
is not practical when a person would
need
to relocate and cannot
live
there for a longer period of time.
In that case
,
renting
is more advantageous considering the availability and easy access
as well
to repair and maintenance service when needed. Tenants would
just
need
to inform their landlords, who
normally
are responsible to handle the concerns and to contact the service provider.
On the other hand
, the cash outflow from
renting
are all considered expenses, while expenditures of buying a
house
are assets and can be an investment when the person
lease
the
house
in the long run. Another detriment of
renting
is tenants are
generally
not
allowed
to
change
the interior of the
house
and there are limits as to what appliances to
use
and have restrictions on certain parts of the
house
.
For example
, using gas stoves is not
allowed
because
it may
easily
cause fire for being negligent.
In addition
to that, landlords would not
allow
to
use
the balcony for drying clothes due to subdivision policies among homeowners,
hence
, tenants should follow
as well
.
To summarize
, the convenience of living in a rented
house
for a short period is a major advantage while the disadvantages are the restrictions imposed by using the property and the cash outlay for
renting
have no future financial benefits.