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Renting an apartment is not an investment.

Mortgage payments increase the home-owner's equity.

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Wiki User

13y ago
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8y ago

When someone owns a home, he or she can generally sell it in the future for more than the original price. apex lluvyanna♥ Just as you do when you buy art, buy the house you like because the value is that it is a home to you. So many other factors enter into the idea of a house as an investment -- neighborhood, local housing prices, proximity to a city, size of the house versus others in the neighborhood - that you cannot always predict if you will make money or not. Certainly you can improve its condition, but there is no guarantee that the appraisal and the sales price will ever reflect your costs.

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JIMMY EDGE22

Lvl 1
3y ago
nice thank u

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9y ago

Buying a house is better than renting because when you [purchase a house, the money is going towards something that you own. When a person rents, the money is being given to someone else and their house payment.

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11y ago

Because when you rent you are like burning money you have no equity so when you buy you can up the value of the house therefore making money and also you don't have the burden of rent and the annoyance of landlords controlling you!

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14y ago

Apex question, answer removed, copyright violation

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Q: What best describes why buying a home is an investment?
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Related questions

Which of the following best describes why buying an home is an investment apex?

When someone owns a home he/she can generally sell it in the future for more than the original price


What best describes why renting a place live is generally cheaper than buying a home?

Renters don't own anything as a result of their payments, while homeowners do


Which of the following best explains why people with higher incomes favor buying a home over rentingAsk us anything?

Buying is an investment but its also more expensive


Which housing decisions gives a person the best chance to make profit on his or her investment?

Buying a single family home in the city


What is a good Alternative Investment?

One of a good investment is buying a house. When you are buying a house for a affordable price, you can add things to make your home more profitable and you can raise the equity on your home.


What housing decisions provides a person with housing and an investment?

Buying a single-family home is a decision made that is also (hopefully) an investment.


What are the pros and cons and steps to follow when buying a new home for cash?

I'm not sure I understand the question. Do you mean the pros and cons of buying a home WITH cash? Or do you mean buying a home FOR cash, ie for investment purposes?


What best explains Why buying a single family home in city is a Good investment?

Housing prices in cities generally increase more quickly than anywhere else.


What best explains why buying a single-family home in a city is a good investment?

Housing prices in cities generally increase more quickly than anywhere else.


What is a alternative good?

One of a good investment is buying a house. When you are buying a house for a affordable price, you can add things to make your home more profitable and you can raise the equity on your home.


Which of the following best explains why buying a single family home in a city is a good investment?

Housing prices in cities generally increase more quickly than anywhere else.


Why would anyone consider buying a 2nd home?

You may consider buying a second home as an investment since property appreciates in value. You can also rent out the home for extra income and if something happens to your first home, you have a backup.