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.
What's most important in your life. Family, Career, Friendships, getti
"“A Cut above the Rest, With the Canadian Dollar and U.S. housing affordability at historic highs, we knew the time had come to make a strategic investment in U.S. Real Estate market. After extensive research we decided to invest in the Greater Phoenix area and now required a competent and trust worthy realtor who would be willing and able to handle all aspects of this investment. This would encompass finding the right property and getting it ready for the rental market. We came across Keith Judish’s website and were impressed with some of the services he provides. Keith, who works the entire Phoenix area, will visit a prospective home and take an extensive up-close video of it and its immediate neighourhood. Commenting all-the-while on lay-out, features, possible defects and overall condition of the home. He will then promptly forward this information via internet to his client(s). This invaluable tool enabled us to “see” the home without actually being there. Once we met Keith"
Alan and Petra Semeniuk Maple Ridge, B.C., Client — April 15, 2013