Home Ownership vs Renting

Which of the expenses below is NOT an expense of Home Ownership, but instead is an expense of renting?

• Monthly Rent

• Utilities

• Home Insurance

• Real Estate Taxes

Which of the expenses below is NOT an expense of Home Ownership, but instead is an expense of renting?

• Renter's Insurance

• Home Insurance

• Utilities

• Mowing costs

Which of the expenses below is NOT an expense of renting, but instead is an expense of home ownership?

• Monthly Rent

• Renter's Insurance

• Real Estate Taxes

Which of the expenses below is NOT an expense of renting, but instead is an expense of home ownership?

• Lawn Mowing

• Renter's Insurance

• Monthly Rent

Which of the following is NOT an advantage of renting?

• Utilities are paid

• Maintenance is paid

• Lawn care is paid

• Home insurance is paid

When you own a home rather than renting, what income tax advantage do you get?

• A deduction for principal paid on a home mortgage

• A deduction for utilities paid

• A deduction for home mortgage interest paid

• A deduction for home insurance paid

When you own a home rather than renting, what other tax advantage do you receive?

• A deduction for real estate taxes

• A deduction for rent paid

• A deduction for free utilities received

• A deduction for lawn care paid by the apartment complex

What advantage usually is enjoyed by those who sell their home that those who rent do NOT enjoy?

• The money left over after paying off the home mortgage becomes a down payment on another home

• The home insurance not used becomes a tax deduction

• The joy of knowing that your mowing is over forever

• The utilities credit you receive for selling your home

When you rent rather than owning, who pays the real estate taxes normally?

• The owner of the rental property

• The renter

• The bank that made you the mortgage loan

In a rental situation, rather than home ownership, who pays when the refrigerator goes out?

• The renter

• The person who owns the home you are renting

• The insurance company who has your home insurance

• The insurance company who has your renter's insurance