Persuasive Speech: Renting Vs. Buying A House

Improved Essays
Buying a House or Renting a House
Specific Purpose: To persuade the audience that buying a home will be more helpful to them then renting a home or apartment.
I. Introduction - Attention:
A) Open with Impact: Remember that time when you were asked what kind of dream house would you like. As you were thinking about your house and put it down, you forgot all about it because you were too focused on school work than understanding how to live your life. Now you are all adults, and now that dream is becoming reality, you wonder about your job, your income, and how you will pay for the accessories that you would love to have.
B) Thesis: As we get older, buying a house would benefit us throughout our lifetime to finally have something which you
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Body - Need:
II. Main point: First we will understand the problems of renting
A) You don’t build equity 1) Michele Lerner, an experienced, award-winning freelance writer and author who has been writing about real estate, personal finance and business topics for more than two decades, stated in her article,” Renting vs. Buying a House – How to Make a Decision, Pros and Cons,” that when you rent, your housing payment provides you with a place to live, but will not provide you with an asset to sell when you are ready to move.”
B) You are to maintain regulations with the house owner’s rules. 1)Nicole Manuel, a finance and economics writer with a degree in economics and more than six years of professional experience, states in her article,” The Disadvantages of Renting a Home, that many apartments will not allow for any renovations or major decorative changes to their units or houses, such as changing counter tops or painting the walls. If you choose to buy a home or unit space, you can customize the look of your space with no regulations. You can renovate a room or the entire house to make your home more valuable or more livable. Some apartments also do not allow smoking or animals and have restrictions on the amount of people on a lease. If you own your own home, you can have anyone or any
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Body - Satisfaction:
III. Main point: First we will understand the reasons to
A) You can build equity 1) Michele Lerner, an experienced, award-winning freelance writer and author who has been writing about real estate, personal finance and business topics for more than two decades, stated in her article,” Renting vs. Buying a House – How to Make a Decision, Pros and Cons,” that Historically, homes rise in value anywhere from 4% to 6% per year. Even if your home doesn’t increase in value, though, you’ll be building equity as you pay down your mortgage as long as your home maintains its value while renting a property means that you don’t own the house when ready to move out and can’t sell it back as an asset.”
B) You can take advantage of tax breaks for homeowners 1) According to Zillow, “You can deduct mortgage interest as well as your property taxes. Uncle Sam doesn't give renters this bonus. Not only that, but if you meet certain requirements the IRS won't apply a "capital gains" tax on your profits from the sale of your home.” C. You have the freedom to decorate as you

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