Answered

Which of the following is one advantage of owning a home compared to renting a place to live?

A. Monthly mortgage payments are generally less than rent.
B. It's easier to sell a house than it is to break a rental agreement.
C. Homeowners can make a profit on the sale of their home.
D. Houses have more living space than apartments.



Answer :

GinnyAnswer

Final answer:

Owning a home offers the advantage of making a profit on the sale, building equity, and enjoying tax benefits.


Explanation:

One advantage of owning a home compared to renting is that homeowners can make a profit on the sale of their home. This is due to the potential appreciation of the property over time, allowing for a financial return on the investment.

Additionally, homeowners can build equity in their home over time by making improvements and payments, which can lead to increased wealth and financial stability in the long run.

Moreover, homeownership allows for tax benefits such as deducting mortgage interest, contributing to a solid credit score, and having a fixed housing cost through a fixed-rate mortgage.


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