sasha has just gotten a new job in a nearby city. after comparison shopping, she found that renting a nice…

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 homeowners 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 sashas responsibility. utilities, such as electricity and water, are included in sashas rent payment. sashas up - front costs will be lower, allowing her to keep her savings. sashas monthly costs will be lower. sasha will make money if the value of the apartment increases.

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 homeowners 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 sashas responsibility. utilities, such as electricity and water, are included in sashas rent payment. sashas up - front costs will be lower, allowing her to keep her savings. sashas monthly costs will be lower. sasha will make money if the value of the apartment increases.

Answer

Brief Explanations:

  1. When renting, repairs and maintenance are usually the landlord's responsibility.
  2. Utilities are not typically included in rent (contrary to the false - stated option).
  3. Renting generally has lower up - front costs compared to buying a home.
  4. Renting an apartment: monthly cost for apartment ($800 + $150 = $950) is lower than mortgage + utilities for buying ($1000 + $200 = $1200).
  5. Renters don't make money from property value appreciation.

Answer:

  • Repairs and maintenance costs are not Sasha's responsibility.
  • Sasha's up - front costs will be lower, allowing her to keep her savings.
  • Sasha's monthly costs will be lower.