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Answer:
Advantages of Housing in Civil Society:-
1. You’ll likely be building home equity with every mortgage payment.
2. Steady monthly fixed rate mortgage costs can help you to predict expenses in the long-term.
3. You may be able to take advantage of a mortgage interest tax deduction and other tax benefits.
4. Owning a home affords you more privacy than renting an apartment.
5. You’ll have the ability to decorate and alter the home to your tastes.
6. You can own pets without having to worry about landlord rules and added fees.
7. Having a backyard space can help you to enjoy the outdoors.
8. Home value may increase over time if the market you buy in is getting more valuable over time.
Disadvantages of Housing in Civil Society:-
1. Disadvantages of owning a home.
2. Costs for home maintenance and repairs can impact savings quickly.
3. Moving into a home can be costly.
4. A longer commitment will be required vs.
Mortgage payments can be higher than rental payments.
5. Property taxes will cost you extra — over and above the expense of your mortgage.
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