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    Homeownership versus apartment rental

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    Many people are not familiar with the advantages of homeownership. What are some of the advantages of homeownership. Discuss the advantages of homeownership versus renting an apartment.

    © BrainMass Inc. brainmass.com October 9, 2019, 7:43 pm ad1c9bdddf
    https://brainmass.com/business/finance/homeownership-apartment-rental-127231

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    Homeownership Advantages:

    1) Build Equity
    2) Value Appreciates
    3) Freedoms to remodel, "make it your own"; landscaping, etc.
    4) Tax advantages: deductions of property taxes and interest
    5) No raises in rent, etc.
    6) Borrow against the equity

    Rental:
    1) Little to no maintenance or upkeep
    2) Payments lower in general
    3) ...

    Solution Summary

    The solution discusses what are some of the advantages of homeownership. The solution discusses the advantages of homeownership versus renting an apartment.

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