Which of the following best explains why buying a house is more beneficial than renting?

Answer: buying a House

Explanation:Owning allows a tax write off. Owning allows pride and the ability to make changes to make the house personal.

When you buy a house, you just need to pay one lump sum. There will be no additional charges unlike renting a house which may eventually be more expensive than buying a house alltogether. Also, when you buy a house, you can redecorate freely rather thn waiting for the Landlord giving you permission

Advantages of renting a home:

- Possible free utilities

- Possible free water and electricity

Cheaper then buying a house

Disadvantages of renting a home:

- Possible unneeded costs and maintence,

- Damaged house

- Bills that should not be paid when owning a home.

Advantages of buying a home:

- Your own space to relax

- Supporting a family

- Having a secure base to call home

Disadvantages of buying a home:

- Depending on how much money you have, you can rack anything from $10k to $400k dollars in debt

- Costs of maintenance of a house

- Bills and Repairs

- Self-maintenance

- Cleaning your house

Anyway you look at it, renting a home or buying a home has it's pro's and con's

The best way to determine which is better is to do your reasearch, go with trusted landowners if you are renting, buy a home within your own financial limitations.