Homeownership Will Always Be Important

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Real Estate Agent License # 258579

Homeownership Will Always Be Important

The real estate recovery will continue to be a popular topic throughout 2011.  Many well known newspapers and magazines will write articles about rethinking homeownership and many other well respected publicists will write about the importance of buying a home

There are many reasons that I believe homeownership to be important.

  • Home owners have greater control over their living environment and this leads to a healthier and happier lifestyle.
  • Historically, homeownership is one of the best ways to build wealth.  A home owner's net worth will usually range from 31 - 46 times that of an average renter
  • Home owners can deduct their property taxes and mortgage interest on their individual federal income tax return.
  • Mortgage payments will stay the same for home owners while rent typically increases by a few percent every couple years (assuming the mortgage has a fixed interest rate).
  • Home owners can remodel and modify their house to their taste without the hesitation of a landlord.

Buying A Home

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Topic:
Home Buying
Location:
North Carolina Mecklenburg County Charlotte
Groups:
Realtors®
The Optimist
Charlotte NC Real Estate
Real Estate Professionals
America's Best Agents
Tags:
homeownership
buying a home
buying vs renting

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Rainmaker
696,212
Dan Edward Phillips
Dan Edward Phillips, Humboldt and Del Norte Counties, CA - Eureka, CA
Humboldt and Del Norte Counties, CA

Good Morning Brandon, excellent input for the home buyer to consider.

Feb 23, 2011 02:10 AM #1
Rainer
231,672
Jimmy Katz
Method Real Estate Advisors - Atlanta, GA
"REAL Solutions for Real Estate!"

interesting statistics.  i never realized what a drastic difference there was between the 2 groups

Feb 23, 2011 02:12 AM #2
Rainer
22,513
James Brennan
Brenson Realty, Inc. - Temecula, CA
Realtor, Real Estate, Home Value - Temecula

Great blog and very informative.  Can't wait to share it with my clients.  Thanks for sharing.

Feb 23, 2011 02:13 AM #3
Rainmaker
80,966
Brandon Farmer
Charlotte, NC
Keller Williams Realty Huntersville, NC

Dan - thanks for stopping by and commenting

James K. - I also didn't realize the huge gap until finding this information

James B. - please do share this information.  Thanks for commenting.

Feb 23, 2011 02:18 AM #4
Rainer
16,327
Jennifer Healy
Primary Residential Mortgage Inc - Forest Hill, MD

Great blog. I believe when showing graphs in a blog increases the interest in the blog for homeowners!

Feb 23, 2011 02:18 AM #5
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Rainmaker
80,966

Brandon Farmer

Keller Williams Realty Huntersville, NC
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