In some countries, most people prefer to rent their home rather than buying them. What are the advantages and disadvantages of renting a home.
Sample Answer :
Indubitably, home is the most indispensable place where a person grow up. In
this ultra modern epoch, in numerous nations immense number of populace
prefer to live as a tenant instead of purchasing their own home. However, it is
a mixed bag of both boon and bane.
On the constructive
part, society is blessed with multifarious benefits because of presence of
rented house, which are worth mentioning . To begin with, it is the inevitable
contributing factor which is conducive to experience versatile varieties of
house in various locality. Yet another, buying a home in metropolitan city
incontestably not an easy task for a middle class family because it requires
money in lakhs and crores . Inclusively , the mother paramount significant
factor is that in this contemporary era, new generation incessantly
prefer to migrate one city to another in several intervals for better
professional job opportunity. So, they do not have to block money for short
time period. For instance, BBC published a survey in which it was mentioned
country like India where metro cities like, Mumbai, Delhi, Bangalore, Pune ,
Chandigarh where 57% people prefer to live as paying guest or in a rented house
which is under their budget. Eventually , the rented house conspicuously
available on limited amount whereas , purchasing a house require loans and huge
amount of savings.
On the destructive
part, there appears to be potential shortcoming from this trend. Needle to say,
own home brings irrefutable outcomes as compare to rented home. Because
properties like, home, shop consider as a fruitful long-term investment and
help to enhance wealth ultimately. Furthermore, the major substantial gaining
of own house is that it avoids the unnecessary bother of renewal the rent
contract and transfer the luggage while the need to change or relocate to
new rental properties. Meanwhile, personal house can help to integral and
intellectual exploitation which are not suppose on rental basis .
Moreover, nowadays , the rent of a house also reach the sky and you have to
listen all instructions of the landlord. As a consequence, sometimes it creates
unneeded arguments between tenant and owner.
Suffice to say, most
of the people choose to stay on rent bases owing to the costly house and they
have their own personal reasons but we cannot neglect the benefits of own
house which provide us comfort.
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