JUNE IS NATIONAL HOMEOWNERSHIP MONTH 🏡🗝️
REASON #1 TO OWN A HOME, NOT RENT
Reason #1 to own a home, not rent is very simple: paying rent is just not a good investment. Read on to find out why it's not a good investment during National Homeownership month or any month of the year, for that matter.
Homeowners Outpace Renters In Building Wealth: 📈💰Did you know that homeowners are projected to have over 40 times the net worth of renters? That’s not just a statistic — it’s a powerful reality. Your home isn’t just where you live – it’s one of the top ways you can build your long-term wealth. Investing in your own property allows you to grow your personal wealth over time, something renting can’t offer.
You’re Paying A Mortgage No Matter What: Whether you rent or buy, a mortgage is being paid — the only difference is whose. If you're renting, you're helping your landlord build equity. But when you own, you’re investing in your own financial future. Homeownership brings benefits like tax deductions, equity growth, and long-term financial stability. And keep in mind that when you buy a home your housing costs are fixed (unless you refinance to a lower interest rate), while your rent payment can keep increasing.
For decades, while home prices have been rising, rent has gone up too. And while rent has held rather steady more recently, history shows the overall trend is up and to the right. That makes saving for a home more complicated than ever. That kind of financial uncertainty has a real impact. According to a Bank of America survey, 72% of potential buyers said they worry rising rent could affect their current and long-term finances.
The Longer You Wait The More Expensive It Will Be To Buy A Home. Whether you rent or buy, a mortgage is being paid — the only difference is whose. If you're renting, you're helping your landlord build equity. But when you own, you’re investing in your future. Homeownership brings benefits like tax deductions, equity growth, and long-term financial stability. And keep in mind that when you buy a home your housing costs are fixed (unless you refinance to a lower interest rate), while your rent payments can keep increasing every time you renew your lease.
IS IT BETTER TO RENT OR BUY A HOME?
FREE HOME BUYER GUIDE: THINGS TO CONSIDER WHEN BUYING A HOME
If you're currently renting and thinking about making the leap to homeownership, reach out to Nina Hollander with Coldwell Banker Realty.
I'll help you turn your rent payments into an investment in your future.
START SEARCHING FOR YOUR GREATER CHARLOTTE HOME HERE
If you're considering buying a home in the Charlotte metro area, I’d be honored to earn your business, exceed your expectations, and show you firsthand why experience truly matters — and why:
"The Right Broker Makes All The Difference."
Originally published on www.GreatHomesInCharlotte.com
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