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

None of the answer choices are the benefits of renting a home, therefore the correct answer is D: None of the above.

Although, renting a home comes with many benefits that are not included in the options provided, but I will list some of the benefits of renting a home.

Further Explanation

Some of these benefits include:

• No bills or Maintenance cost

One of the benefits of renting a home is that your landlord is one that is responsible for all your maintenance, equipment and repairs. If anything malfunctions or is having any issues in your rented place, it is the responsibility of your landlord to get it fixed.

• Lower utility cost

Lower utility cost is certainly one of the benefits of renting a home because most rental homes have a solid and efficient floor plan, and thereby making a rental home more affordable to heat.

• Lower insurance cost

Another benefit of renting a home is lower insurance costs. Insurance for renting a home is very cheap and the insurance covers almost all the things you owned as such as computers, valuables, furniture and many more.

Other benefits of renting a home also include:

• Fixed rent amount
• No real estate taxes
• More flexibility
• Financial stability

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Answer 2

None of these answers are benefits of renting a home and thus, D is the answer.

Obviously, rent is the regular payment made by a tenant to an owner for the regular use of land or house. It’d be wrong to say that paying rent upfront will cost you more. In fact, one who buys a house is required to have a substantial amount of financial commitment. Renting a home provides greater flexibility but at the long run, it can lead to higher costs in the long term. When the lease expires, you can always shift to another place.