pros and cons of renting or buying a home\nthere are many advantages and disadvantages to renting or leasing…

pros and cons of renting or buying a home\nthere are many advantages and disadvantages to renting or leasing versus buying for major purchases. it is important to look at these advantages from both short - term and long - term perspectives before making a purchase.\npurpose\nupon completing this project, you will better understand the pros and cons of renting or buying a home.\nsteps for completion\n1. indicate whether each advantage or disadvantage is for renting or buying a home.\na. __________________ an expensive downpayment and closing costs are required.\nb. __________________ home tends to appreciate in value, acting as an investment.\nc. __________________ an expensive contract or lease agreement is required.\nd. __________________ one does not usually pay for repairs, maintenance, or upkeep of the outside part of dwelling.\ne. __________________ one has more freedom since the home is not subject to as many restrictions.\nf. __________________ lack of freedom for move - in and move - out dates.\ng. __________________ one has to pay annual property taxes and maintenance costs.\nproject details\nproject file n/a\nestimated completion time 10 minutes\nvideo reference domain 2\ntopic: major product purchase costs\nsubtopic: pros and cons between renting or buying a home\nobjectives covered 2 spending\n2.4 compare costs of major product purchases\n2.4.1 compare short - term and/or long - term advantages and disadvantages of renting a home or buying a home

pros and cons of renting or buying a home\nthere are many advantages and disadvantages to renting or leasing versus buying for major purchases. it is important to look at these advantages from both short - term and long - term perspectives before making a purchase.\npurpose\nupon completing this project, you will better understand the pros and cons of renting or buying a home.\nsteps for completion\n1. indicate whether each advantage or disadvantage is for renting or buying a home.\na. __________________ an expensive downpayment and closing costs are required.\nb. __________________ home tends to appreciate in value, acting as an investment.\nc. __________________ an expensive contract or lease agreement is required.\nd. __________________ one does not usually pay for repairs, maintenance, or upkeep of the outside part of dwelling.\ne. __________________ one has more freedom since the home is not subject to as many restrictions.\nf. __________________ lack of freedom for move - in and move - out dates.\ng. __________________ one has to pay annual property taxes and maintenance costs.\nproject details\nproject file n/a\nestimated completion time 10 minutes\nvideo reference domain 2\ntopic: major product purchase costs\nsubtopic: pros and cons between renting or buying a home\nobjectives covered 2 spending\n2.4 compare costs of major product purchases\n2.4.1 compare short - term and/or long - term advantages and disadvantages of renting a home or buying a home

Answer

Brief Explanations:

a. Buying a home typically requires a down - payment and closing costs, so this is a disadvantage of buying. b. Home appreciation is an advantage associated with home - ownership (buying), as it can be an investment. c. A lease agreement is part of renting, so this is a disadvantage of renting. d. In a rental situation, the landlord usually pays for outside repairs, etc., so this is an advantage of renting. e. Homeowners generally have more freedom compared to renters restricted by lease terms, so this is an advantage of buying. f. Restrictions on move - in and move - out dates are more common in renting with lease agreements, so this is a disadvantage of renting. g. Property taxes and maintenance costs are associated with home - ownership, so this is a disadvantage of buying.

Answer:

a. Buying b. Buying c. Renting d. Renting e. Buying f. Renting g. Buying