Question

Which best describes the benefits of renting a home?

Answer 1

I believe the answer is: D. none of the above

Renting actually actually cost less upfront, but would accumulate to a larger amount compared to buying in the long run. But, it provide flexibility for the renters since they  can move anytime they want, and they also do not required any contract agreement like lease does.

Answer 2

D. None of the above describes the benefits of renting a home

Further explanation

Owning a house or residence is a primary need of everyone.

Houses can be obtained in various ways depending on the availability of funds or the function of the house

High housing prices make some people can not yet have their own home. Or because of the need to be able to move flexibly because of workplace demands.

Then it is necessary to rent a house

There are several advantages and disadvantages to renting a house

Advantages

• 1. Don't need a lot of down payment as we buy a house on credit. Savings to buy a home property certainly requires large funds
• 2. There are no maintenance costs for the homes we rent, because we do not live permanently
• 3. Tax-free, because usually homeowners  pay taxes

• 4. more flexible to move places if the environmental conditions or homes that we rent are no longer feasible

Disadvantages

• 1. The funds we spend are only for rent so that we don't make the house we rent an asset
• 2. Rental prices are rising every year
• 3. Moving our equipment when moving house when the rental period has expired

So actually choosing to rent a house is not the right choice if we look at the long term, because the benefits of owning a house will be more, especially the ownership of assets that are a long-term investment, of course, pay attention to ways to get a house by managing finances and looking for additional income.

From the questions above:

Let's look at the answer choices:

• A. Renting can cost more upfront

In renting a house for the first time, we do not need a large fee such as buying a house for a down payment, according to the price agreement with the owner of the house

So the statement is wrong

• B. Renting is less flexible than owning a home.

Renting makes it easier for us to move house if the conditions are not what we want, so it is more flexible

So the statement is wrong

• C. Renting has a lease that costs money to break.

When we decide to move house while the rental period is still running, it will make us lose money for rent, so this statement is a disadvantage not a advantage

So the statement is wrong

• D. None of the above.

This statement is true, because the benefits of renting a home are not found in points a, b, c

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Keywords : renting home, owning a home, flexible, cost, benefits