<u>The option A is correct.
</u>
<u>One reason to buy a home instead of rent a home is that the homes have the potential to appreciate over time.
</u>
Further Explanation:
Buy a home:
Buy a home means to purchase a home by investing a huge amount of money. It also refers to owning. Owning means to get possession of something. For example, acquire the property, purchase a home, purchased machinery, and purchased equipment. Owning can lead to lower costs in the long term.
Rent a home:
Rent a home means the tenant pays a fixed amount of money to the owner of the home. The rent has to be paid every month. The amount of rent can be varied according to the type of house, availability of home to the nearby park, hospital and any other basic amenities, the home would be park facing and sun-facing, and many other factors should be considered for computing the amount of rent.
Justification for the correct and incorrect answer:
A.
Homes have the potential to appreciate over time: This option is correct.
The renting home does not have any benefit regarding the increase in the price of a home; it will give the benefit to the owner of the home. So this option is correct to buy a home instead of rent is better off because it has the potential to increase the value of the home.
B.
Homes have fewer maintenance costs: This option is incorrect.
Homes need more maintenance costs, but in case of rent a home, there is no need for maintenance costs. The maintenance cost is paid by the owner of the home.
C.
Buying a home requires less money upfront: This option is incorrect.
To purchase a home, it requires a lot of money at the upfront time. This statement is incorrect.
D.
Buying a home is a more flexible housing option:This option is incorrect.
Renting a home is a more flexible housing option than buying a home. Now the individual cannot move from place to place as it requires more money. This statement is incorrect.
Learn more:
1. Learn more about renting
<u>brainly.com/question/2288011
</u>
2. Learn more about owning
<u>brainly.com/question/2731676
</u>
3. Learn more about owning vs. renting
<u>brainly.com/question/2665554
</u>
Answer details:
Grade: Middle School
Subject: Accounting
Chapter: Owning vs. Renting
Keywords: the reason to buy, a home, instead of, rent, a home is, have the potential, appreciate, value over time, fewer, maintenance costs, less money, upfront, more flexible, housing option.
