Question: What is the advantage of buying the house over renting the apartment quizlet?

What is the advantage of renting the apartment over buying a home quizlet?

What is the advantage of renting the apartment over buying a home? Repairs and maintenance costs are not Sasha’s responsibility. Sasha’s up-front costs will be lower, allowing her to keep her savings.

What are some advantages of buying a home quizlet?

The main advantages of owning a home is the financial benefit of the deductibility of mortgage interest and real estate tax payments, reducing federal income taxes. The main motives of many home buyers is stability of residence and personalized living.

Which of the following is an advantage of renting a house quizlet?

According to the video, which of the following is an advantage of renting a home? Individuals can rent a home with a smaller financial commitment than if you were to buy a home, It is easy to move or change homes if you don’t like the first home, and There is less maintenance associated with renting a home.

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Which of these is an advantage of renting a home over buying a home?

One of the major benefits of renting versus owning is that renters don’t have to pay property taxes. Real estate taxes can be a hefty burden for homeowners and vary by county. In some areas, the costs associated with property taxes can amount to thousands of dollars each year.

What are the three main advantages of renting a home?

What are the three main advantages of renting a home? Low cost up front, mobility, fewer maintenance responsibilities.

What are the main benefits and drawbacks of renting a place of residence quizlet?

Terms in this set (42) interest rate subsidy from a home builder or a real estate developer that reduces mortgage payments during the first few years of a loan. a document that transfers ownership of a property from one party to another. interest rate that increases and decreases during the life of a loan.

Which of the following is a disadvantage of buying a home?

Homeownership Pros and Cons

Pro Con
Buyer builds equity in the home Requires upfront costs for down payment, closing fees, etc.
Credit scores increase with positive payment history Process can be complex
Mortgage interest and property taxes may be tax deductible Property taxes and HOA fees are the buyer’s responsibility

Which of the following are disadvantages associated with renting?

The Pros and Cons of Renting

Advantages Disadvantages
Lower monthly payments No right of ownership
No property taxes Bound by terms o frental contract
No homeowners/fire insurance No tax write-offs
No maintenance/repair costs Bad landlords/neighbors

Which one of the following is an advantage of renting quizlet?

Which of the following is an advantage of renting? … An advantage is that the down payment required is less than the security deposit for a rental.

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What is an example of a cost related to renting a home?

What are three costs of renting? Utilities, monthly rent, and renter’s insurance. Low move in c, easy to move, and fewer responsibilities.