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Renting rather than buying
Renting rather than buying
Order ID 53003233773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
Renting rather than buying, when possible
Renting rather than buying can be a wise decision in certain situations, as it can offer a number of benefits over buying. Here are some of the advantages of renting:
Flexibility: Renting allows you to be more flexible in your housing choices. You can rent a property for a short-term period, such as a few months, and then move on to a different property when your lease is up. This can be especially beneficial for people who are looking for a temporary living situation or those who like to move frequently.
Lower upfront costs: Renting typically requires much lower upfront costs than buying a property. When you rent, you typically only need to pay a security deposit, first month’s rent, and any application fees. In contrast, when you buy a property, you typically need to pay a down payment, closing costs, and other fees.
Lower maintenance costs: Renting also generally requires lower maintenance costs than buying. When you rent, your landlord is typically responsible for maintaining the property, which can include repairs, painting, and other expenses. When you own a property, you are responsible for all maintenance and repairs, which can be costly.
Tax benefits: Renting can also offer tax benefits. When you rent, you can deduct certain expenses, such as mortgage interest and property taxes, from your income tax return. When you own a property, you can only claim these deductions if you use the property as a rental property.
Location: Renting allows you to live in a desirable location that you may not be able to afford to buy in. Renting in a city center or a high-end area can be a good option for those who want to live in a prime location without the commitment of buying.
Mobility: Renting allows you to move around more easily. For example, you can move to another state or country without having to worry about selling your home.
Lack of long-term commitment: Renting allows you to avoid the long-term commitment of buying a property. This can be especially beneficial for people who are not ready to settle down in one place, or who are uncertain about their long-term plans.
Risk management: When you rent, you’re not taking on the risk of owning a property, you’re not going to be responsible for fixing the property, you’re not going to be responsible for the property’s value fluctuation, and you’re not going to be responsible for the neighborhood’s development.
However, there are also some disadvantages to renting. For example, renters typically have less control over the property and may face restrictions on things like pets, decorating, and smoking. Additionally, renters typically do not build equity in the property and may face rent increases over time.
In summary, renting rather than buying can be a wise decision in certain situations, as it offers flexibility, lower upfront costs, lower maintenance costs, tax benefits, location, mobility, and lack of long-term commitment. However, it’s also important to consider the disadvantages of renting such as less control over the property, restrictions on decorating, and lack of building equity. Ultimately, the decision to rent or buy should be based on your individual circumstances, financial situation, and long-term plans.
Renting rather than buying
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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