Identify the advantages of renting versus buying a home.

2 answers:

7 0

<h3><em>Drag each label to the correct location on the image.</em></h3><h3><em></em></h3><h3><em></em></h3><h2><u><em>Identify the advantages of renting versus buying a home.</em></u></h2><h2><em></em></h2><h2><em></em></h2><h2><em>advantages of renting </em></h2>

<u>lower repair costs</u>
<u> lower insurance costs</u>

<h2 /><h2 /><h2 /><h2 /><h2><em>advantages of renting versus buying a home.</em></h2>

<u><em>tax benefits</em></u>
<em> </em><u><em>fixed mortgage payments</em></u>

NARA [144]3 years ago

6 0

While it may seem like buying a house will be a great real-investment, nothing can be further from the truth.

When you rent a house, you only have to pay the Rental, and possibly an insurance cost and obviously utility bills.

However, if you buy a house, your single biggest monthly expense would be the Mortgage. You will also have to pay a property tax, huge repair and maintenance costs and insurance costs to cover the property.

Mortgage payments can take up to 20-30 years to pay off and if you combine the costs of tax, repairs and insurance, you really don't end up with a very expensive asset.

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