When content on a web page can be described as a list of something, it should be created as a list, using the list features that are provided by the authoring tool.
For an overview of this issue see Lists in our IT Accessibility Checklist.
Techniques using word processing software
Most document authoring tools, including Microsoft Word, Google Docs, and others, include multiple buttons on their toolbars for adding lists to documents. The following screenshot shows the ribbon in Microsoft Word, which includes buttons for “Bullets”, “Numbering”, and “Multilevel list”. Each of these buttons has a pop-up menu that allows for a high level of customization.