In the recent days, everyone wishes to pay rent, enjoying the present life rather taking up the burden of paying Equated Monthly Installment (EMI). While there are many advantages influencing people to reside in rented accommodation, there are also drawbacks which are worth considering.
To state upon on the advantages of renting, firstly, people can live very closer to work, schools, hospitals etc., For instance, if there is a transfer of job location, it is very easy to look for another rented house nearer to office. Secondly, you get a chance to live in big apartments and posh houses for short timing and enjoy all the amenities provided without having to think much on investing in buying them. Finally the financial risk is low.
On the contrary, living in a rented house you cannot claim ownership.All the earnings are spent in paying rent leaving a person totally skint when the person is retired. i.e Consider an example of a family staying in a house paying 20k rent whereas they could have invested in buying a flat and pay 20k as monthly EMI. Apart, not all house owners are nice people. Some landlords have stringent rules for the houses rented and collect huge maintenance fees. Moreover, each time while relocating there will be extra cost involved for mail redirection, shifting etc.,
Finally, discussing upon on the ideas of renting, there are equal number of pros and cons on this issue. It depends upon one's own needs and financial circumstances to choose whether to live in a rented house or own house.
This is a poor introduction of your prompt. You literally haven't introduced it at all... There is nothing said about buying a house instead you have mentioned about paying a lone which is not the primary focus of your prompt. Though you expect that it implies the primary idea of buying a house, not every person would go for a housing loan to buy a house. So, don't narrow down the scope of your topic. You should always try to keep a very good alignment with your topic. Otherwise your writing would go out of topic.
I have changed the introduction like below. Can you please let me know if this is fine ?
<Intro - start>
Buying a house or renting a house, which one is cheaper? Obviously it is renting.
In the recent days, everyone wishes to pay rent to enjoy living in a place for a short term rather buying a house and staying in the same place for a long years. While there are many advantages influencing people to reside in rented accomodation, there are also drawbacks which are worth considering.
<Intro - end>
To state upon on the advantages of renting, firstly, people can live very closer to work, schools, hospitals etc.
Actually this is an example and not a reason. The real reason is that people can have better choices of choosing places when they are renting a house because it is a low cost option. You may not be able to buy a house closer to the city center because the house in those areas are very costly. However, renting can be a possible option. You can talk about schools and hospitals in your examples to support the actual reason.
On the contrary, living in a rented house you cannot claim ownership
Here the reason is that rented house is a temporary solution and not a permanent solution for housing. You do not own the house so you do not make decisions as to how long you are going to stay there or what features you need in that house. Simply, you live someone else's property.
