Answer
Three benefits of home ownership over renting are mentioned below-
1) It provides stability in the life of person.
2) It removes the chances of rent increasing over time.
3) Being an owner of the house you can redecorate it with your style.
Work Step by Step
Leasing is a practice of paying the money to the owner of the product in order to use the product for the specified time. In the nutshell, it is the long term rental agreement.
The major advantage of home ownership is you get peace of mind and stability in your life. Probably that’s why people consider it as one of the basic necessity of the life.
The best advantage of home ownership is you don’t have to worry about the increasing rent over the time. Since house is yours and being an owner of the house you can redecorate it with your style.
