Which of the following could result in higher living costs for the homeowner that the renter doesn’t have? a. decreased property value b. down payment c. maintenance d. monthly payment

The statement that could result in higher living costs for the homeowner that the renter doesn t have is that a. decreased property value.

The correct answer would be option C, Maintenance.

Explanation:

Living cost is simply the amount of money that a person needs to sustain the expenses. Living cost is the cost incurred on Food, Housing, Medical Care, Education, Wages, etc. So when a person rents out a part of his house, the maintenance required to that part is the responsibility of the home owner. So if there is a need to do some maintenance work in the house, that would add up in the living cost of the homeowner. Maintenance is not the responsibility of the renter, rather it is added to the homeowner's expenses account.

the correct option is c

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