Answered

Welcome to Westonci.ca, where you can find answers to all your questions from a community of experienced professionals. Explore thousands of questions and answers from knowledgeable experts in various fields on our Q&A platform. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

What is an advantage of renting a place to live?

A. Lower up-front costs
B. Payments change from month to month
C. Low down payment
D. Increasing equity over time

Sagot :

GinnyAnswer

Final answer:

Renting offers lower up-front costs, month-to-month flexibility, and low down payment compared to buying a home.


Explanation:

Advantages of Renting a Place to Live:

  • Lower Up-front Costs: Renting often requires a lower initial payment compared to buying a home.
  • Month-to-Month Flexibility: Rent payments can change monthly, providing flexibility in budgeting.
  • Low Down Payment: Renting typically involves a lower down payment than purchasing a home.

Owning a home increases equity over time as you pay down the mortgage and make property improvements. However, renting offers advantages such as affordability, flexibility, and reduced financial commitment.


Learn more about Renting vs. Buying a Home here:

https://brainly.com/question/34703056


Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.