House is the starting place of love hope and dreams. There is an ideological verbalisation that “the magic thing about home is that it feels good to leave; it feels even better to come back”. Although renting a house does not bring any monetary benefits to the tenants but only generates monthly income for the landlord, purchasing a house helps to bring a sense of security and pride. In my opinion, the advantages of purchasing a house far outweighs the disadvantages of renting an accommodation.
Owning a home offers a long-term benefit of security, equity and potential growth of personal wealth that is enjoyed by the occupant. The value of the home will appreciate and if one decides to sell, they can earn the profit of sale. Moreover, being a Homeowner allows creative control on their property. They can alter the décor changes, landscaping and renovations, according to their needs and style. They can also generate additional monthly income by renting their own property. To illustrate, purchasing a place of residence neither allow the interference from anyone nor there is any sudden notice of evacuation.
On the contrary, renting a property does not offer any wealth creation or return on investment as the property does not belong to the tenant instead, it creates a burden on occupant to pay monthly rent to the landlord. Additionally, the lessee cannot renovate the property according to his desires and even has to follow all the rule and regulations that the owner has stated in the rent agreement. To elucidate, many flat owners do not allow the entry of pets into their property which creates an issue those having pets.
To conclude, I vehemently agree that purchasing an accommodation gives the opportunity of freedom, safety and monetary compensation to the homeowners than renting a place.
House
is the starting place of
love
hope and dreams. There is an ideological
verbalisation
that “the magic thing about home is that it feels
good
to
leave
; it feels even better to
come
back”. Although
renting
a
house
does not bring any monetary benefits to the tenants
but
only
generates monthly income for the landlord, purchasing a
house
helps
to bring a sense of security and pride. In my opinion, the advantages of purchasing a
house
far outweighs the disadvantages of
renting
an accommodation
.
Owning a home offers a long-term benefit of security, equity and potential growth of personal wealth that
is enjoyed
by the occupant. The value of the home will appreciate and if one decides to sell, they can earn the profit of sale.
Moreover
, being a Homeowner
allows
creative control on their
property
. They can alter the
décor
changes
, landscaping and renovations, according to their needs and style. They can
also
generate additional monthly income by
renting
their
own
property
. To illustrate, purchasing a place of residence neither
allow
the interference from anyone nor there is any sudden notice of evacuation.
On the contrary
,
renting
a
property
does not offer any wealth creation or return on investment as the
property
does not belong to the tenant
instead
, it creates a burden on occupant to pay monthly rent to the landlord.
Additionally
, the lessee cannot renovate the
property
according to his desires and even
has to
follow all the
rule
and regulations that the owner has stated in the rent agreement. To elucidate,
many
flat owners do not
allow
the entry of pets into their
property
which creates an issue those having pets.
To conclude
, I
vehemently
agree
that purchasing
an accommodation
gives the opportunity of freedom, safety and monetary compensation to the homeowners than
renting
a place.