Question

Which best describes the benefits of renting a home?

a. renting can cost more upfront
b. renting is less flexible than owning a home
c. renting has a lease that cost money to break
d. none of the above

Answer 1

The answer is: d. none of the above

Renting actually cost lower upfront but would be greater if being done in the long term.

Since you do not possess the ownership of the property, renting actually more flexible compared to buying a house since you do not have the obligation to pay the property tax. You can move whenever you want.

Statement on option C is true but it cannot be considered as a benefit.

Answer 2

The correct answer is D. None of the above.

All these which are given they are disadvantages of renting.

Some of the advantages of renting a home may determine with the style of living and financial situation of a person.

Some advantages of renting a home may include;

1. Landlord may be responsible for maintenance or any property which needs repair.

2. It is cheaper to rent than to own a house

3. There is a lot of flexibility when renting. For example, movement from one place to another.