5 Reasons Why Homeownership Is a Good Financial Investment

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Real Estate Agent with Keller Williams Greater Omaha 20041001

5 Reasons Why Homeownership Is a Good Financial Investment

5 Reasons Why Homeownership Is a Good Financial Investment | MyKCM

According to a recent report by Trulia, “buying is cheaper than renting in 100 of the largest metro areas by an average of 37.7%.” That may have some thinking about buying a home instead of signing another lease extension. But, does that make sense from a financial perspective?

In the report, Ralph McLaughlin, Trulia’s Chief Economist explains:

“Owning a home is one of the most common ways households build long-term wealth, as it acts like a forced savings account. Instead of paying your landlord, you can pay yourself in the long run through paying down a mortgage on a house.”

The report listed five reasons why owning a home makes financial sense:

  1. Mortgage payments can be fixed while rents go up.
  2. Equity in your home can be a financial resource later.
  3. You can build wealth without paying capital gains.
  4. A mortgage can act as a forced savings account.
  5. Overall, homeowners can enjoy greater wealth growth than renters.

Bottom Line

Before you sign another lease, let’s get together and discuss all your options.

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Rainmaker
2,604,886
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Good morning. Great list, especially for those who are not savers! Building equity will be their safe haven later! Enjoy your day!

Dec 01, 2016 06:11 AM #1
Rainmaker
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Mark Loewenberg
KW of the Palm Beaches - Palm Beach Gardens, FL
KW 561-214-0370

KCM what a great tool!

Dec 01, 2016 08:16 AM #2
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Rainmaker
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The Trumm Team Omaha Homes for Sale, Real Estate

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