Answer :
The advantages of renting the apartment over buying a home by Sasha are as follows:
A. Repairs and maintenance costs are not Sasha's responsibility.
E. Sasha's monthly costs will be lower.
What is the difference between Renting and Buying a Home?
Renting involves monthly payment without eventual ownership or equity interest in the property. Buying a home will entitle Sasha to the ownership of the property.
Data and Calculations:
Cost of renting two-bedroom apartment per month = $800
Cost of utilities per month = $150
The total monthly expense for renting = $950
Mortgage payment per month = $1,000
Utilities expense per month = $200
The total monthly payment for buying = $1,200
Thus, the advantages of renting over buying an apartment are A and E.
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