Renting vs Buying

Topics: Property, Renting, Apartment Pages: 2 (555 words) Published: October 2, 2010
Why I think renting is the better option than buying a house.

I. Introduction
A. There are a lot of factors that go into buying a house which most people do not account for which could cause financial distress later on down the road.

B. This is the reason why renting an apartment is better than buying a house. Even though buying a house gives you more freedom to do what you want without any restrictions, it costs less to rent an apartment as you do not have all the financial responsibilities which comes with buying a house

II. First body paragraph
A. There are financial advantages of renting an apartment versus buying a house that most people don’t think about 1. You don’t have to worry about any maintenance, repair, taxes and large insurance premiums. 2. One monthly payment usually pays all the bills which give you better control of your financial obligations.

3. The flexibility to move wherever and whenever you want, whereas; if you own a house it takes time to sell the house amongst other things.

B. These are just some of the advantages you gain when renting an apartment versus buying a house.

III. Second body paragraph
A. Buying a house has its benefits too but it does not come without a price. 1. You have the freedom to make whatever changes you like to the house without approval. 2. Each mortgage payment made towards the loan or when the property value goes up builds equity. 3. You have your own property.

B. So as you can see buying a house does have its advantages but the advantages does come with a price.

IV. Conclusion
A. So you can see that although when buying a house you have the freedom to do what you want without any restrictions, it costs less to rent an apartment as you do not have all the financial responsibilities which comes with buying a house for two main...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Renting vs. Buying a Home Research Paper
  • Essay on Renting vs Buying
  • Renting vs. Buying Essay
  • Buying House vs. Renting House Essay
  • Renting vs. Buying Essay
  • Renting vs. Buying Essay
  • Buying vs. Renting Outline Essay
  • Renting vs. Buying a Home Essay

Become a StudyMode Member

Sign Up - It's Free