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

Reblogger Steffy Hristova
Real Estate Agent with HomeSmart Elite Group Tempe AZ Tel: 480-966-9353 SA585680000
Original content by Debe Maxwell, CRS 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

The Maxwell House Group Charlotte NC

 

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Debe Maxwell, Realtor®/Broker/CRS

RE/MAX Executive

CharlotteBroker@icloud.com
Direct:  (704) 491-3310

 

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Topic:
Home Buying
Tags:
tempe real estate
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rent vs own
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Ambassador
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Hi Steffy,  Thanks for sharing this great reblog.  Its so important for people to realized the benefits of home ownership.

Aug 11, 2019 05:32 PM #1
Ambassador
3,319,432
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Well, thank you so much for re-blogging this post, Steffy! I popped over to reciprocate and thought, "She's on the same wavelength I am today!" LOL 

Seriously, I'm honored and it's something that will benefit your readers too - homeownership should be an aspiration for Americans - nationwide!

Aug 11, 2019 07:32 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!

Hi Bob Crane , it is always good to remind people about the benefits of home ownership. When I see a presentations that appeals to me I like to reblog it. I usually love all of Debe Maxwell, CRS blog postings. Thanks for stopping by.

Aug 13, 2019 08:52 AM #3
Rainmaker
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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 Maxwell, CRS , I just saw the text under the infographic. I like KMC, too. 

Aug 13, 2019 08:54 AM #4
Ambassador
3,319,432
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 use their graphics as blogging fodder all of the time - they do a great job and most of the time, some of their points are fairly good on the posts too! I do still make it my own though!

Happy Wednesday, Steffy!

Aug 13, 2019 10:57 PM #5
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Rainmaker
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Steffy Hristova

Tempe AZ Realtor - Your Home Close to Your Work!
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