Comparison and Contrast Essay Buying or Renting Compare and contrast the two topics in under 450 words

Essay by capper310 February 2004

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Buying or Renting

One important aspect in our live is that we need shelter. A place to call home. What type of person are we? Do we move around a lot? Are we looking for stability? Do we buy a house or do we rent? This is where a person often decides based on their personal needs. Renting or Buying is simply weighing out the pros and cons, and comparing them to your lifestyle, then deciding.

Buying a house requires a lot focus of and attention. Buying a house means you plan to settle down and stay in one place for a while, so you want to pick the most suitable home for yourself. One good thing is that you are the owner. There is no landlord to bother you. Also you are free to make any changes to the house at anytime. You don't have to worry about being too loud so you don't bother your neighbors.

Also usually the value of your house increases with time. Sometimes no work is required on your part. Buildings or malls are put up and your value increases. Buying also means that if something breaks or is damaged you have to pay out of your own pocket to fix it. Also you have to keep your home up to the standards in your community.

Renting requires a lot less effort due to the fact you won't be there for a long period. You do have a landlord, but the landlord is usually responsible for all repairs. Also a good thing is that you have the choice to move when you want. You don't have to worry about a thirty-year mortgage that you will have to pay. When renting, you usually can not have pets. Also you are subject to the landlord increasing the rent when they like. As soon as your contract is up they can up the rates, and there is nothing you can do because you don't own the property. The most important thing is that you have the mobility to move when you like.

I think it is up the individual if they what to buy or rent. Does the individual move a lot, and does not want to invest in a home? Then renting is ideal for that individual. On the other hand if you want a sense of freedom. Freedom from answering to a landlord. The ability to make changes or decorate your home. Then buying will be definitely a better choice. In the end