sasha has just gotten a new job in a nearby city. after comparison shopping, she found that renting a nice…

sasha has just gotten a new job in a nearby city. after comparison shopping, she found that renting a nice two - bedroom apartment would cost around $800 per month. her utilities would cost about $150 per month. sasha has enough money saved for a down payment, and she found that she can buy a three - bedroom house or condo with a mortgage payment of $1,000 per month, including taxes and homeowners insurance. her utilities would cost about $200 per month. what is the advantage of renting the apartment over buying a home? check all that apply. there is greater privacy in an apartment compared to a single family home. utilities, such as electricity and water, are included in sashas rent payment. sashas upfront costs will be lower, allowing her to keep her savings. sashas monthly costs will be lower. sasha will make money if the value of the apartment increases.

sasha has just gotten a new job in a nearby city. after comparison shopping, she found that renting a nice two - bedroom apartment would cost around $800 per month. her utilities would cost about $150 per month. sasha has enough money saved for a down payment, and she found that she can buy a three - bedroom house or condo with a mortgage payment of $1,000 per month, including taxes and homeowners insurance. her utilities would cost about $200 per month. what is the advantage of renting the apartment over buying a home? check all that apply. there is greater privacy in an apartment compared to a single family home. utilities, such as electricity and water, are included in sashas rent payment. sashas upfront costs will be lower, allowing her to keep her savings. sashas monthly costs will be lower. sasha will make money if the value of the apartment increases.

Answer

Brief Explanations:

  • Privacy is generally less in an apartment than a single - family home. Utilities are not always included in rent. Renting has lower upfront costs as no large down - payment is needed. Monthly costs for renting ($800 + $150 = $950) are lower than buying ($1000 + $200 = $1200). Renters don't gain from property value appreciation.

Answer:

  • Sasha's upfront costs will be lower, allowing her to keep her savings.
  • Sasha's monthly costs will be lower.