AP5202 - English for Academic Purposes 2 Course Materials & Test Answers | moodle.polytechnic.bh

Reading Text 1: Buying a House – A Long-Term Investment

Buying a house is often considered a major financial milestone that provides long-term security and stability. One of the biggest advantages of homeownership is the ability to build equity over time. Unlike renting, where monthly payments do not contribute to ownership, buying a house allows individuals to invest in a property that may increase in value. This financial growth can provide long-term benefits, such as the ability to sell the house for a profit or use it as a source of rental income in the future.

Another important advantage is having full control over the living space. Homeowners can renovate, decorate, and modify their property according to their preferences without needing approval from a landlord. In the novel Building Dreams, Emma Dawson, a young architect, decides to buy a small house instead of continuing to rent. Although the mortgage payments are high, she finds satisfaction in designing her own home, knowing that each payment contributes to her long-term investment. Her story reflects the sense of pride and financial responsibility that comes with homeownership.

However, buying a house also comes with challenges. The initial cost of purchasing a home is often high, requiring a significant down payment, mortgage approval, and ongoing maintenance expenses. Homeowners must also be prepared for unexpected repairs, property taxes, and fluctuations in the real estate market. Unlike renting, where moving is relatively easy, selling a house can take time and may not always be profitable.

Despite these challenges, homeownership remains an attractive option for those seeking stability, investment opportunities, and personal freedom in their living space. For individuals who are financially prepared and plan to stay in one location long-term, buying a house can be a wise decision.

Source:

Lewis, J. (2021). The homeowner’s guide: Benefits and risks of buying property. Housing Market Review, 12(3), 102-120.

Reading Text 2: Renting a Home: Good or Bad?

Renting a home provides flexibility and lower financial responsibility compared to homeownership. One of the main advantages of renting is the ability to move easily. Unlike homeowners, who may be tied to one location due to mortgage commitments, renters can relocate based on job opportunities, lifestyle changes, or personal preferences. This mobility is especially beneficial for young professionals or students who may not want to commit to a long-term residence.

Another key benefit is reduced financial burden. Renters do not need to worry about property taxes, maintenance costs, or expensive home repairs. In The Temporary Nest, Daniel Rivera, a freelance writer, prefers renting over buying because it allows him to travel frequently without worrying about home maintenance. He enjoys the freedom of exploring new cities without being tied down to one place. His story highlights the appeal of renting for individuals who value flexibility over long-term investment.

However, renting also has drawbacks. One major disadvantage is the lack of property ownership, meaning that monthly payments do not contribute to building equity. Additionally, renters must abide by landlord rules, which may limit their ability to make changes to the living space. Rent prices can also increase over time, making long-term financial planning more difficult. Unlike homeowners, renters do not have the security of owning their residence, which can create uncertainty about the future.

Despite these limitations, renting remains a practical choice for those who prioritize convenience, financial flexibility, and mobility. For individuals who are not ready for a long-term commitment or prefer a low-maintenance lifestyle, renting can be the best option.

Source:

Dew, M. & Sue, M. (2022). Renting vs. buying: The modern housing dilemma. Urban Living Journal, 15(4), 75-92.

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AP5202 - English for Academic Purposes 2

Reading Text 1: Buying a House – A Long-Term Investment

Reading Text 2: Renting a Home: Good or Bad?

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