Difference Between House and Apartment Analysis

To compare and contrast a house and an apartment
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There are both benefits and challenges to owning a home or renting an apartment, and hence one should consider the option that best suits them. None of the options is a perfect choice for everyone and personal needs influence on whether a person owns a house or lives in an apartment. Though, both are living quarters, there are differences on costs implications, flexibility, impact of tax breaks and risk exposure. Owning a home allows one to have more control over their homes unlike an apartment. This is a comparison contrast essay on a house and an apartment focusing on costs, flexibility, tax breaks and risks.
One of the main differences between living in a house and an apartment is on costs and expenses incurred. A person owning a home has no worry about monthly rents, while a person living in apartment one has to deal with monthly rent. Thus, the cost effectiveness of the two options differs, but the apartment is cheaper in the short-term when the choice is not in an expensive place. On the other hand, owning a house requires that one has to pay more money at the beginning, but then the costs of owning a house are potentially low if rents rise and value of homes rise dramatically. Also depending on cost effectiveness in maintenance, where home owners typically use more money to maintain their homes, unlike living in apartments.
Flexibility is another factor than differentiates and contrasts a house and an apartment. Living in an apartment typically has flexibility as one can leave the house after the end of the lease. On the other hand, owing a house imposes restrictions as the house must be put to use. Furthermore, while living in an apartment, one does not have to worry about selling the house or the house market, as one can live whenever they want so long as it is affordable. Nonetheless, living in a house allows one to use the house as they desire ...