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It's National Homeownership Month ~ Reason #10 To Own Your Own Home
 
June is National Homeownership Month and here's Reason #10 why you should own your own home:
 
OWNING A HOME BUILDS YOUR FAMILY'S WEALTH
 
Buying a home is a major way to build wealth and gain financial stability. This is why, across  different income levels, the largest part of most homeowners’ net worth is their equity. 
 
Moreover, there's a growing disparity in the cost of owning a home versus the cost of buying a home and its impact on a family's income. As the graph below shows, renters spend almost 30% of their income on rent, while homeowners spend almost half that. Spend less on housing and you have more disposable income left to save, as well.
 
 
No doubt that for many Americans, their home is one their most important financial assets providing long term net worth and wealth. Investing in your own home as a path to building your family's wealth is a great idea and a great reason to own your own home.
 
 
If you're a renter, who would like to make the transition from renter to homeowner, contact Nina Hollander with Coldwell Banker Realty.
We can help you turn your rent payments into mortgage payments!
 
SEARCH GREATER CHARLOTTE AREA HOMES HERE
 
If you're considering purchasing a home in the Greater ... more

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