Renting is more advantageous than buying a home when you are seeking:
A) lower short-term living costs.
B) a place to remodel.
C) a long-term investment.
D) tax benefits.
E) permanence of residence.

Question

Quizplus · Accepted Answer

Renting typically has lower short-term living costs as you do not have to invest in a down payment or costly repairs and maintenance.

Answer: B
 Renting is a better option if you are looking for a place to remodel as the landlord is responsible for repairs and upgrades.

Answer: E
 Buying a home is better if you are seeking permanence of residence, as you have control over the property and can make long-term changes to suit your needs.

Renting Is More Advantageous Than Buying a Home When You