Answer:
-lower insurance cost
-no down payment
-maintenance is paid for
Explanation:
Renters are not responsible for maintaining a rental property. Some rental units require no down payment. Renters pay a much lower amount for insurance than homeowners do.
There are advantages of owning a home. Homeowners get tax benefits in the form of deductions. Homeowners can deduct interest payments on their taxes. They can also build equity as they pay off their mortgage. Equity is the difference between the home purchase price and the remaining amount of the loan.
The fixed mortgage payments and lower insurance costs are the advantages are part of renting a home.
Rent is a sum of money earned in excess of what is required economically or socially.
We have given options:
As we know, rent is a tenant's monthly payment to a landlord for the use of a property or piece of land.
The advantages are part of renting a home are:
Thus, the fixed mortgage payments and lower insurance costs are the advantages are part of renting a home.
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