Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed.
“In reality, buying or renting a home is an intensely personal decision, with emotional and even financial considerations that go beyond whether to invest in this one (admittedly large) asset.Looking strictly at housing market numbers, there is a concrete point at which buying a home makes more financial sense than renting it.”
What proof exists that owning is financially better than renting?
Homeownership allows you tolock in your monthly housing cost.
Buying a home ischeaper than renting.
No other investment lets youlive inside of it.
2.Studieshave shown that a homeowner’s net worth is 44x greater than that of a renter.
3. Just a few months ago, weexplainedthat a family that purchased an average-priced home at the beginning of 2017 could build more than $48,000 in family wealth over the next five years.
4. Some argue that renting eliminates the cost of taxes and home repairs, but every potential renter must realize that all the expenses the landlord incurs are already baked into therent payment–along with a profit margin!!
Owning a home has always been, and will always be, better from a financial standpoint than renting.
It used to be pretty easy to get bad credit home loan financing.
"“Just sending along this letter to let you know that my husband and I met up with Keith Judish that you sent our way and what a delight of a man he is!!!!! It such a pleasure to do business with Keith. We had a great day together last week and ended up buying a home through Keith’s help as well. I think he is such a nice person and all around good realtor too. I think Keith will go far in his chosen career as a Realtor in the yrs. to come also. He’s very personable and easy to relate to which helps ease any tension one may be feeling about buying a home. My husband really liked Keith allot as well and only wish there were more out there like him! We are currently still working with Keith in the purchasing of our new home he sold to us last week as I stated. We would highly recommend Keith to our friends any time if they needed help finding a home in the future also. Keith is just a really great guy and we really have had a nice experience with him which is unusual to find. We hope this"