Question

Which of the following would generally be considered an advantage of renting as compared to owning a home?

a. less noise
Ob. fewer responsibilities
c. tax benefits
d. more privacy

Answer 1

Renting a home has advantages such as fewer responsibilities and more flexibility, although homeownership offers tax benefits.

Step-by-step explanation:

An advantage of renting a home as compared to owning one is that there are fewer responsibilities. When renting a property, the landlord is typically responsible for maintaining the property, making repairs, and paying for property taxes and insurance. This reduces the financial burden and time commitment for the renter. Additionally, renting provides more flexibility as tenants can easily move to a different location when needed.

However, it is important to note that tax benefits such as deductions on mortgage interest and property taxes are typically only available to homeowners.

Learn more about Advantages of Renting vs. Owning a Home