Rent vs. Own - Leverage Your Live-in Investment to Build Wealth

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Real Estate Agent with www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 228209

Rent vs. Own - Leverage Your Live-in Investment to Build Wealth


Owning a home has great financial benefits. The single best opportunity to build wealth is homeownership.

Let’s breakdown 5 major financial benefits of homeownership:

1. Housing is typically the one leveraged investment available

2. You’re paying for housing whether you own or rent

3. Owning is usually a form of “forced savings”

4. Owning is a hedge against inflation

5. There are still substantial tax benefits to owning (*Consult your tax advisor to confirm your personal tax benefits)

 

Rent vs. Own Infographic 2019 Debe Maxwell

 *Infographic provided by KCM


The Bottom Line:

  • Owning your own home vs. renting may lead to some great options, such as locking in your monthly payments and having the freedom to customize your living space.

  • It is estimated that a family buying an average priced home this past January could build more than $42,000 in family wealth over the next five years.

  • Think about it - whether you rent or own, you have to pay someone’s mortgage - wouldn’t you rather it be YOURS? You may as well be doing so to build your own wealth, rather than that of your landlord.

  • House values and rents tend to go up at or higher than the rate of inflation. Wouldn’t you rather see your house value go up - than have to pay an increase in rent?

  • Renting and owning both have up-front fees when you sign your lease or close, respectively. Think about putting that money to work for you!


Thinking of breaking up with your landlord? Let's talk! Call or text (704) 491-3310 today and I'll help get you on the road to wealth via homeownership!

Read more about homeownership - How Americans feel about The American Dream 

Tired of Rising Rental Rates in Charlotte? Lose Your Charlotte Landlord

 

© Debe Maxwell | The Maxwell House Group | RE/MAX Executive | CharlotteBroker@icloud.com | Rent vs. Own - Leverage Your Live-in Investment to Build Wealth

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Steffy Hristova 08/11/2019 03:37 PM
Topic:
Home Buying
Location:
North Carolina Mecklenburg County Charlotte
Groups:
North Carolina Real Estate
Charlotte North Carolina Area
Buyer Information - What Buyers Need to Know in Today's Market
Hyper-Local
Tags:
rent vs buy in charlotte nc

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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Debe great job with the comparisons, and I love the infographic.

Aug 11, 2019 11:27 AM #1
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Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Since there are as many reasons to rent or to own, I still believe the stability in owning for outweighs renting Debe Maxwell, CRS 

Aug 11, 2019 01:08 PM #2
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Steffy Hristova
HomeSmart Elite Group Tempe AZ Tel: 480-966-9353 - Tempe, AZ
Tempe AZ Realtor - Your Home Close to Your Work!

Debe, I love the infographic - colors, message, icons. Great reminder for people who are still wondering to rent or buy. I am re-blogging it.

Aug 11, 2019 03:34 PM #3
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
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Hi Debe,  Thanks for sharing this great blog.  The infographic is fantastic - and can really point out the differences between renting and buying.

Aug 11, 2019 05:35 PM #4
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Thank you so much, George Souto. KCM does a great job with their infographics and gives us good fodder for blogs too! 

Aug 11, 2019 07:27 PM #5
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

I'm in complete agreement with you, Doug Dawes and have to say that is one message that I am pounding out there for our millennials - now is the time for them to begin building wealth!

Aug 11, 2019 07:28 PM #6
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Thank you, Steffy Hristova! KCM did the infographic - they do a fabulous job and it really gives us good blogging fodder too!

Aug 11, 2019 07:29 PM #7
Ambassador
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

I love their graphics, Bob Crane - they're always clean, crisp and spot-on!

Aug 11, 2019 07:30 PM #8
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Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I think that each person has their own way of thinking about it but it makes sense in a lot of ways for many of us.

Aug 11, 2019 07:41 PM #9
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Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I love the graphics as well, Debe! It’s the little things like that that can make big differences in certain circumstances.:) Debe Maxwell, CRS

Aug 11, 2019 07:48 PM #10
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Thank you so much, Laura Cerrano! Yes, everyone has their own way of thinking and it's my mission to help those in my area understand that homeownership/real estate investment is THE way to build wealth! 

Hope you have a wonderful week ahead, Laura! 

Aug 11, 2019 08:14 PM #11
Rainmaker
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Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Debe Maxwell, CRS - Congratulations on a well-deserved FEATURE! I hope the message gets out to all Millenials. The Infographic sends a powerful message!

Best wishes on building referrals from happy Millenials you serve. 

Aug 11, 2019 09:00 PM #12
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Matthew Klinowski, PA
Downing-Frye - Naples, FL
Golf Community Real Estate Specialist

Good morning Deb, thanks for sharing! Homeownership is a great way to build wealth. In many cases with such low interest rates it is cheaper to pay a mortgage than it is to rent.  Have a great day!

Aug 12, 2019 05:42 AM #14
Rainmaker
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Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Debe -perspective and knowledge certainly play a role in this post.   

Aug 12, 2019 05:56 AM #15
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Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

I think the only reason to put off buying a home is knowing that you'll want to relocate within a year or two.

Aug 12, 2019 07:53 PM #16
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Mary Hutchison, SRES, ABR
Better Homes and Gardens Real Estate-Kansas City Homes - Kansas City, MO
Experienced Agent in Kansas City Metro area

I agree!  HOwever home ownership is so out of reach for many people and I think that trend will continute.  If wages had kept up with inflation--housing would be more affordable for everyone.

Aug 13, 2019 01:32 PM #17
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good evening Debe Maxwell, CRS - I have always seen those five reasons a compelling and wanted to own a home as soon as I had a job.

Aug 13, 2019 06:44 PM #18
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Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
New Hampshire Home Stager

Love the infographic!

Congratulations on the well deserved feature!

Aug 14, 2019 05:28 AM #19
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