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Essay / Research Paper Abstract
5 pages in length. There are a number of distinctions between buying a house and renting an apartment; while both situations present a combination of positive and negative attributes, one must consider the overall living arrangements in order to determine which option is most suitable. Bibliography lists 2 sources.
Page Count:
5 pages (~225 words per page)
File: LM1_TLCBuyHs.rtf
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Unformatted sample text from the term paper:
arrangements in order to determine which option is most suitable. When trying to decide upon buying a house or renting an apartment, money plays an integral role in the ultimate
outcome. The typical down payment required for purchasing a home is ten percent of the selling price - which can run into the tens of thousands of dollars -
while it often takes no more than a few hundred dollars to secure an apartment rental. Moreover, apartment complexes often promote their availability by offering a limited time special
that requires nothing down to move right in immediately. Similarly, the tax write-off that accompanies homeownership is often a significant plus to those who itemize their tax returns and
need the deduction, while at the same time, equity is steadily built upon for the future. Another pertinent concern when debating between buying a house and renting an apartment is
the issue of pets. Homeowners often have an advantage over their apartment dwelling counterparts where the number and type of pet is concerned, with many apartment complexes completely forbidding
any animals at all. With a fenced yard and the ability to install various pet-friendly devices, such as a dog or cat door that allows the animal to enter/exit
at his/her discretion, homeowners are provided with a much more advantageous environment for their pets. When pets are allowed in apartments, there is often a size restriction of approximately
twenty-five pounds and typically a several hundred-dollar deposit required up front in case there is any damage to repair after the tenant vacates. As well, close proximity to neighbors
sometimes creates a level of irritation when one tenant has a noisy animal, which is a particular problem with dogs when left alone for long periods of time. However,
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