Question

Sasha has just gotten a new job in a nearby city. After comparison shopping, she found that renting a nice two-bedroom apartment would cost around $800 per month. Her utilities would cost about $150 per month. Sasha has enough money saved for a down payment, and she found that she can buy a three-bedroom house or condo with a mortgage payment of $1,000 per month, including taxes and homeowner's insurance. Her utilities would cost about $200 per month. What is the advantage of renting the apartment over buying a home? Check all that apply. Repairs and maintenance costs are not Sasha’s responsibility. Utilities, such as electricity and water, are included in Sasha's rent payment. Sasha's up-front costs will be lower, allowing her to keep her savings. Sasha's monthly costs will be lower. Sasha will make money if the value of the apartment increases.

Answer 1

The advantages of renting the apartment over buying a home by Sasha are as follows:

A. Repairs and maintenance costs are not Sasha's responsibility.

E. Sasha's monthly costs will be lower.

What is the difference between Renting and Buying a Home?

Renting involves monthly payment without eventual ownership or equity interest in the property.  Buying a home will entitle Sasha to the ownership of the property.

Data and Calculations:

Cost of renting two-bedroom apartment per month = $800

Cost of utilities per month = $150

The total monthly expense for renting = $950

Mortgage payment per month = $1,000

Utilities expense per month = $200

The total monthly payment for buying = $1,200

Thus, the advantages of renting over buying an apartment are A and E.

Learn more about renting and buying a home here: brainly.com/question/2078239 and brainly.com/question/7644451