The importance of owning a home rather than renting one is debatable. Most people around the world believe that it is essential to own a home. In my perspective, it has more positive effects than negative ones. This essay will discuss why owning a home is crucial than renting one.
One of the core reasons is that purchasing a home means investing in a long-term investment and having a sense of increased financial security. For example, in many parts of the world, for most people, their primary goal is to own a home because owning a home indirectly contributes towards the stability of a family. While it also helps to enhance the societal status by owning a real estate property. Moreover, it lessens the monthly burden of paying rent on individuals.
Another reason is that owning a home in specific countries substantially decreases the percentage of tax deductions. In addition to the usual working wages, the owner can further rent out their properties which helps to have an additional source of passive income. Besides this, in the future, the owner can also renew the home according to the newer trends and sell it for a higher profit.
In conclusion, owning a home is an innate desire which helps to create a sense of ownership and financial security in the long run.
The importance of
owning
a home
rather
than renting one is debatable. Most
people
around the world believe that it is essential to
own
a home. In my perspective, it has more
positive
effects than
negative
ones. This essay will discuss why
owning
a home is
crucial
than renting one.
One of the core reasons is that purchasing a home means investing in a long-term investment and having a sense of increased financial security.
For example
, in
many
parts of the world, for most
people
, their primary goal is to
own
a home
because
owning
a home
indirectly
contributes towards the stability of a family.
While
it
also
helps
to enhance the societal status by
owning
a real estate property.
Moreover
, it lessens the monthly burden of paying rent on individuals.
Another reason is that
owning
a home in specific countries
substantially
decreases the percentage of tax deductions.
In addition
to the usual working wages, the owner can
further
rent out their properties which
helps
to have an additional source of passive income.
Besides
this, in the future, the owner can
also
renew the home according to the newer trends and sell it for a higher profit.
In conclusion
,
owning
a home is an innate desire which
helps
to create a sense of ownership and financial security in the long run.