Overview:

```Benefits of rented  house```

1. can be replaced according to one's need

2. convenient to live for job, work or study purpose

3. renovation & refurbishment are responsibilities of owner

4. well economical for everyone

```Benefits of owned house```

1. permanent asset whose price  increases with the passage of time - future investment.

2. can be modified according to own taste and preference.

3. no burden for rent for long period of time.

4. live freely without any rules and regulations of others.

Let's begin :-

In different countries,  the preference of individuals in regard to their accommodation varies from person to person. As in some nations, the priority is given to the rented houses by majority of people however permanent residence is opted in others. When temporary as well as permanent residence is taken into consideration, they bring their own advantages according to the person's requirement. Both the viewpoints alongwith their own benefits are discussed in length and breadth in the following paragraphs.

On the one hand, the temporary accommodation on a particular place has it's numerous merits. One of the prominent advantage of this trend is that it is convenient for people who do job or any another work and students who reach foriegn countries for study purpose only because they can easily replace rented house according to their needs as well as leave out easily without any economic loss. Moreover, the residential places require renovation and refurbishment from time to time which may be costlier than the income. So if a person lives in a rented house, he will be free from such responsibilities as it is only duty of the owner of house. The further merit of rented house is that it is well economical for individuals rather than owned house that require enormous amount of investment in it.

Despite of this, there are many advantages of buying own house. The principal benefit of fixed property is that it acts as a permanent asset as well as its price enhances with  the passage of time .To illustrate, it can be used for business purposes such as for opening any grocery shop without paying any extra money to anyone. In addition, the houses are bought for long time period, the person do not have to worry about the rent along with the facility to modify it according to his taste and preference. However, in rented houses, some rules and regulations are crucial to follow to live there whereas a person can live freely on his own house.

In conclusion, it can be reaffirmed that there is no doubt that the rented houses are economical wherein owned houses are permanent asset.