Multiple Select Question Select all that apply What are some of the disadvantages of home ownership? no property taxes Significant financial commitment Lower maintenance than renting an apartment Limited mobility when compared to renting Higher living expenses than renting

Question

Multiple Select Question Select all that apply What are some of the disadvantages of home ownership? no property taxes Significant financial commitment Lower maintenance than renting an apartment Limited mobility when compared to renting Higher living expenses than renting

Answer 1

The disadvantages of home ownership include:- **Significant financial commitment**: Purchasing a home typically requires a large down payment and ongoing mortgage payments, which can be a significant financial burden.- **Limited mobility when compared to renting**: Homeowners may find it more difficult to move quickly due to the process of selling a home, whereas renters can often relocate with less hassle at the end of a lease term.- **Higher living expenses than renting**: Owning a home can come with additional costs such as property taxes, maintenance, repairs, and homeowners insurance, which can make it more expensive than renting in some cases.The options "no property taxes" and "Lower maintenance than renting an apartment" are incorrect because homeowners do pay property taxes and generally have higher maintenance responsibilities compared to renting.

Question

Multiple Select Question Select all that apply What are some of the disadvantages of home ownership? no property taxes Significant financial commitment Lower maintenance than renting an apartment Limited mobility when compared to renting Higher living expenses than renting

Solution

Resposta