The True Cost of Not Owning Your Home
There are great advantages to owning a home, yet many people continue to rent. The financial benefits are just some of the reasons why homeownership has been a part of the long-standing American dream.
Realtor.com reported that:
Why is owning a home financially better than renting?
Here are the top 5 financial benefits of homeownership:
Studies have also shown that a homeowner's net worth is 44x greater than that of a renter.
A family that purchased a median-priced home at the start of 2019 would build more than
Some argue that renting eliminates the cost of taxes and home repairs, but every potential renter must realize that all the expenses the landlord incurs are already baked into the rent payment – along with a profit margin!
Owning a home has many social and financial benefits that cannot be achieved by renting. Let's connect to determine if buying a home is your best move.