Buying vs Renting Essay - Words | Bartleby

 

compare and contrast essay renting vs buying a home

Jan 22,  · Housing - Buying vs. Renting 1. Housing Chapter 9 Renting Versus Buying Learning Objective: Students will compare and contrast the advantages and disadvantages of renting versus buying housing. FCS Standard: Housing and Interior Design Standard 2 2. Renting vs Buying Words | 4 Pages. Compare/Contrast Essay: Renting versus Buying Renting a home allows renters to pay someone to live in their home for a period of time. Buying a home allows homeowners to pay someone to gain ownership of their own home. There are pros and cons to both renting and buying. Compare and contrast renting vs owning. Compare and contrast the advantages of buying and renting a home Although a fortunate minority are given a home by their parents, for most a This essay will first look at the principal advantages of buying, and then at the main.


Housing - Buying vs. Renting


Although a fortunate minority are given a home by their parents, for most a decision has to be made; whether to spend money to buy, or whether to rent.

This essay will first look at the principal advantages of buying, and then at the main advantages of renting. Martinez and Al-Fadel suggest that there are perhaps three principal reasons why people choose to buy. Firstly, many feel that there is greater personal freedom associated with buying a home. For compare and contrast essay renting vs buying a home, the owner is free to redecorate as he or she wishes, without any fear of angering a landlord and hence possibly losing the deposit paid on entering the property.

Likewise, there will be no restrictions within reason on the behaviour of children or on the keeping of pets. A second advantage of buying is certainly the possibility of financial benefit. In many countries, governments try to give incentives for home-ownership through tax cuts Mortgage Interest Relief at Source is an example of this, from the UKand home ownership may bring with it enhanced credit ratings.

However, compare and contrast essay renting vs buying a home, the main financial benefit undoubtedly accrues at the time when a mortgage is paid off; the home in this case can be seen as an investment, one which will be of particular value on retirement. A final advantage of buying rather than renting is perhaps the most nebulous, but arguably for many of the greatest importance; the psychological factor.

Having looked at the advantages of buying a house, let us now examine the many and valid reasons why people choose to rent rather than buy. Firstly, there are without doubt personal freedoms which are enhanced by renting. Maintenance is predominantly the concern of the landlord rather than the tenant, and a considerable amount of stress can therefore be avoided by making the decision to rent Brockway, There are also clear financial benefits.

The decision to rent is one clear way of avoiding this very real danger. However, a final point, and probably the most fundamental, is made by Brockway ; renting requires very little capital investment. For those with limited access to money, or those who choose to spend their earnings in other areas such as travel or entertainmentrenting will be preferable to buying.

We have already mentioned the worries and cost that house-maintenance can incur. Looking after a house can also take up a considerable amount of time, particularly for older properties. This essay has attempted an overview of the relative advantages of buying and renting a property, looking at factors associated with personal freedoms, financial benefits, and psychological well-being.

In conclusion, it seems that it is not really possible to generalise by saying that the poor choose to rent, while the well-off buy; in the UK, people tend to buy when they can, whereas compare and contrast essay renting vs buying a home other countries, such as Germany, renting is a popular choice across all social classes. Bernstein, O. Martinez, E.

 

Renting vs Buying Essay - Words | Cram

 

compare and contrast essay renting vs buying a home

 

Jan 22,  · Housing - Buying vs. Renting 1. Housing Chapter 9 Renting Versus Buying Learning Objective: Students will compare and contrast the advantages and disadvantages of renting versus buying housing. FCS Standard: Housing and Interior Design Standard 2 2. What's the difference between Buying A Home and Renting A Home? If you have never owned a home, 'Rent vs. Buy' is one of the most important decisions you will ever make. There are several factors to consider before taking the plunge. Contents 1 Does it make financial sense? 2 Mortgage interest 3 Op. If the common phrase of being at ones home is home sweet home, would it be apartment sweet apartment? Owning a house or renting an apartment is significant to many individuals who like the concept of coming to their living quarters and knowing it is theirs.