In some countries, most of the people prefer to rent a house rather than buy one. What are the advantages and disadvantages of renting a house?
As the economy bottoms out, the housing bubble bursts and home values plummets, many people find that they are upside-down In their montages, owning more than the house’s real worth. The dream of owning was sadly shattered. Renting, therefore, has suddenly become the desired living style.
The re i s no doubt th at renting has advantages for most people at some point in their Iives. This is especially true for those graduates, who are starting out on one’s own as a young and single adult. Generally speaking, renting an apartment involves no responsibility for repairs, maintenance, and other aspects of home ownership that can be both costly and time-consuming. Rental complexes may also provide many of the recreational facilities that one would like, such as a swimming pool and a tennis court. What is more, apartments and other rental units often provide laundry facilities, which would save the initial expense of purchasing laundry equipment.
However, a major disadvantage of renting is lack of control” over the property. The owners or managers of the property are responsible for repairs and general upkeep; if they do not do this well and promptly, renters might have to be stuck with unpleasant or even unsafe living conditions, such as leaking faucets and broken windows, for some period of time. Plus, with proper notice, property owners can raise the rent, making lodgers’ costs higher. They can also put restrictions on the property, such as not allowing children or pets, and not permitting any redecoration.
When considering renting house of both sides, I propose that the single youngsters can rent a house as a temporary place In short time, but it would be more appropriate for the adult who has a family to buy a house as a permanent habitation.