What are the advantages and disadvantages of owning vs renting a home?
This is for Culinary.
1 answer:
Homeownership advantages
Privacy
Usually a good investment
More stable housing costs from year to year
Pride in ownership and strong community ties
Tax incentives
Equity buildup (savings)
Disadvantages: home ownership
Long-term commitment
Maintenance and repair costs
Lack of flexibility
Usually more expensive than renting
High up-front costs
Foreclosure
Renting: advantages
Lower housing costs
Shorter-term commitment
No/minimal maintenance and repair costs
Renting:disadvantages
No tax incentives
No fixed housing costs
No building of equity
Hope this helps b <3
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