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One reason to buy a home instead of rent a home is:
An owner has complete responsibility and control over the property.
appreciate; depreciate
Rent the apartment with a roommate.
The total cost of the home.
A contract outlining the terms under which a landlord agrees to rent property to a tenant.
Homes have the potential to appreciate in value over time
greater; higher
Purchasing homeowner's insurance
Renting provides _________ flexibility but can lead to _________ costs in the long-term.
An owner has complete responsibility and control over the property.
appreciate; depreciate
Rent the apartment with a roommate.
The total cost of the home.
A contract outlining the terms under which a landlord agrees to rent property to a tenant.
Homes have the potential to appreciate in value over time
greater; higher
Purchasing homeowner's insurance
John would like to move from the suburbs into the city, but the rent in the city is very high. John has found an apartment he really likes, but he can only afford about 60% of the monthly rent. What is the best housing option for John?
An owner has complete responsibility and control over the property.
appreciate; depreciate
Rent the apartment with a roommate.
The total cost of the home.
A contract outlining the terms under which a landlord agrees to rent property to a tenant.
Homes have the potential to appreciate in value over time
greater; higher
Purchasing homeowner's insurance
Typically homes ___________ over time and cars ______________ over time.
An owner has complete responsibility and control over the property.
appreciate; depreciate
Rent the apartment with a roommate.
The total cost of the home.
A contract outlining the terms under which a landlord agrees to rent property to a tenant.
Homes have the potential to appreciate in value over time
greater; higher
Purchasing homeowner's insurance
Which of the following statements about renting owning is CORRECT?
An owner has complete responsibility and control over the property.
appreciate; depreciate
Rent the apartment with a roommate.
The total cost of the home.
A contract outlining the terms under which a landlord agrees to rent property to a tenant.
Homes have the potential to appreciate in value over time
greater; higher
Purchasing homeowner's insurance
What is a lease?
An owner has complete responsibility and control over the property.
appreciate; depreciate
Rent the apartment with a roommate.
The total cost of the home.
A contract outlining the terms under which a landlord agrees to rent property to a tenant.
Homes have the potential to appreciate in value over time
greater; higher
Purchasing homeowner's insurance
The biggest factor in determining the price of a mortgage is:
An owner has complete responsibility and control over the property.
appreciate; depreciate
Rent the apartment with a roommate.
The total cost of the home.
A contract outlining the terms under which a landlord agrees to rent property to a tenant.
Homes have the potential to appreciate in value over time
greater; higher
Purchasing homeowner's insurance
Select the statement that is NOT a component of a standard housing lease.
An owner has complete responsibility and control over the property.
appreciate; depreciate
Rent the apartment with a roommate.
The total cost of the home.
A contract outlining the terms under which a landlord agrees to rent property to a tenant.
Homes have the potential to appreciate in value over time
greater; higher
Purchasing homeowner's insurance
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