For some people owing a home means financial liberty and have more money to spend. Other people rent a home, maybe because it is a temporary shelter. To begin with, for some people it is important to own a home if you plan to use it for a longer period of time. People save money to buy a home because rent money will eventually be worth more than the cost of owning the home. Additionally, not only can you stay in a house you own, but you can rent it and create a passive income and generate money out of the owned property. Second of all, it is not a negative nor positive situation too own a house, the advantages would be that you have money to spare, you can remodel the home can make more money out of it. . However the disadvantage would be that you are responsible for bad things that could happen, such as walls falling or the sewer ryhm being broken, and it will cost you money out of your own packet. Finally, if a person needs a place to stay temporarily, a better choice is to rent a place somewhere, rather than buying a property. It saves money and that person has somewhere to stay, but renting comes with a set of rules from the owner. In conclusion, both renting and owning a home has advantages and disadvantages, a person should decide what to choose based on his own need.
For
some
people
owing a home means financial liberty and have more
money
to spend. Other
people
rent
a home, maybe
because
it is a temporary shelter. To
begin
with, for
some
people
it is
important
to
own
a home if you plan to
use
it for a longer period of time.
People
save
money
to
buy
a home
because
rent
money
will
eventually
be worth more than the cost of owning the home.
Additionally
, not
only
can you stay in a
house
you
own
,
but
you can
rent
it and create a passive income and generate
money
out of the
owned
property. Second of all, it is not a
negative
nor
positive
situation too
own
a
house
, the advantages would be that you have
money
to spare, you can remodel the home can
make
more
money
out of it.
.
However
the disadvantage would be that you are responsible for
bad
things that could happen, such as walls falling or the sewer
ryhm
being broken
, and it will cost you
money
out of your
own
packet.
Finally
, if a person needs a place to stay
temporarily
, a better choice is to
rent
a place somewhere,
rather
than buying a property. It saves
money
and that person has somewhere to stay,
but
renting
comes
with a set of
rules
from the owner.
In conclusion
, both renting and owning a home has advantages and disadvantages, a person should decide what to choose based on his
own
need.