Infographic: 5 Reasons To Stop Renting And To Buy Your Home
If you're a Charlotte metro area renter, who's tired of renting and would like to declare your independence and make the transition from renter to homeowner, contact Nina Hollander with Coldwell Banker Residential Brokerage. I can help you turn your rent payments into mortgage payments. We've been opening doors for Charlotte region home buyers for 20+ years!
SEARCH ALL CHARLOTTE METRO AREA HOMES HERE
If you're considering purchasing a home in the Charlotte metro area, I'd love an opportunity to … (14 comments)
"Finding Your Place in a New Era of Homeownership" is the theme of the 2017 month-long recognition reinforcing the long-held belief that owning a home remains one of the cornerstones of the American Dream. As President Trump's proclamation of National Homeownership Month said:
"During National Homeownership Month, we recognize the many benefits of homeownership to our families, our communities, and our Nation. For generations of Americans, owning a home has been an essential element in achieving the American Dream. Homeownership is often the foundation of security and prosperity for families and communities and … (18 comments)
reasons to own your home: How Home Ownership Creates Real Family Wealth
- 02/20/16 09:10 PM
Home ownership creates real family wealth. Did you know that the average home owner has 45 TIMES the net worth of someone who rents? And this difference in net worth is growing. Not that long ago the difference was only 36 times (although even a 36 times differential is quite substantial). Over the long term, there is no doubt that home ownership creates real family wealth.
With historically low interest rates, this is still a great time to buy a home and to begin building your own family's wealth. If you've been thinking about beginning your own journey towards home ownership you can … (25 comments)
It's National Homeownership Month in June and here's Reason #9 why you should own your own home:
OWNING A HOME IS INVESTING IN YOUR RETIREMENT
Owning your own home can be considered a form of "forced" savings as you build equity and is a critical aspect of investing in/planning for your eventual retirement. See the chart below showing how average home equity increases with age, providing a very respectable "nest egg" for many prospective retirees. As a renter you never have the opportunity to build this "nest egg" for your retirement.
As an "investment," your home can provide tax-free profit on the sale of your … (16 comments)
It's National Homeownership Month in June and here's Reason #8 why you should own your own home:
OWNING A HOME PROVIDES TAX BENEFITS YOU DON'T GET WHEN RENTING
Owning your own home provides a number of tax benefits that you don't get when renting. And who doesn't want to save on taxes? Some of the tax benefits you get when owning your own home include:
Mortgage Interest: the interest you pay on your mortgage is tax deductible. And in the early years of a mortgage most of the payment you make is interest. Home Equity Line: If you have a home equity line of … (35 comments)
It's National Homeownership Month in June and here's Reason #7 why you should own your own home:
YOU, NOT YOUR LANDLORD, DECIDE HOW TO DECORATE YOUR HOME
When you rent, your landlord has a lot to say about how you decorate your home... not you. So even though your home might be your "castle," when it's a rented property it's not a personalized "castle" by any means. There are very few rental/lease agreements (maybe, even none) which allow a renter to do anything to alter a home, even cosmetically, without the landlord's advance permission. And if a landlord does give permission, it's often only … (12 comments)
It's National Homeownership Month in June and here's Reason #6 why you should own your own home:
IT GIVES YOU SOMETHING TO BORROW AGAINST, IF NEEDED
The equity you build in owning your own home can provide financial resources for important or significant expenses when you might not have the needed cash on hand. Such expenses could include a child's college education, medical costs, necessary addition to your home, etc. While it's never a great idea to borrow against your home's equity for frivolous items, when it is necessary to do so, it's an avenue of funding via a home equity loan that can … (34 comments)
It's National Homeownership Month in June and here's Reason #4 why you should own your own home:
IT MEANS HAVING A GOOD PLACE TO RAISE CHILDREN AND PROVIDE THEM WITH A GOOD EDUCATION
Anyone with school age children, who has searched for and purchased a home will tell you that the quality of the neighborhood and local schools are the two primary determinants of how their home was selected (after budget, of course). And even if you don't have children, buing a home in a good school district is important.
When surveyed, nearly two-thirds of respondents indicated that the quality of the schools was … (15 comments)
Owning A Home Motivates You To Be A Better Citizen And Be More Involved In Civic Activities
Studies about the impact of homeownership on citizenship and involvement in local communities have indicated that: Homeowners are 1.28 times more likely to become involved in neighborhood groups and 1.32 times more likely to join a civic association than renters. Homeowners are 65% more likely to vote in local elections versus 54% for renters (although some studies have indicated a 69% to 44% ratio). It would seem natual that homeowners … (14 comments)
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