5 Reasons Buying a Home is Better Than Renting!
Purchasing a home offers amazing financial benefits. Renting a home offers amazing financial benefits for the owner of the property you are renting from. Keep that in mind the next time you think about staying in your rental.
1. You Are Paying For A Home Regardless if You Rent or Buy
Some will argue renting eliminates the costs of property taxes and home repairs. All renters should realize that all the expenses your landlord must incur (property taxes, repairs, insurance and etc.) are rolled into your rent anyway along with profit margin.
2. Home Ownership Is a Form of Forced Savings
Studies have shown homeowners have a net worth 44X times higher than a renter. It was recently estimated that a family buying a average home this past January could build more than $40,000 in family wealth in the next five years.
3. Owning Is a Hedge Against Inflation
Home values and rents tend to go up at or higher than the rate of inflation. When you own, your home's value will protect you against in…
1. You Are Paying For A Home Regardless if You Rent or Buy
Some will argue renting eliminates the costs of property taxes and home repairs. All renters should realize that all the expenses your landlord must incur (property taxes, repairs, insurance and etc.) are rolled into your rent anyway along with profit margin.
2. Home Ownership Is a Form of Forced Savings
Studies have shown homeowners have a net worth 44X times higher than a renter. It was recently estimated that a family buying a average home this past January could build more than $40,000 in family wealth in the next five years.
3. Owning Is a Hedge Against Inflation
Home values and rents tend to go up at or higher than the rate of inflation. When you own, your home's value will protect you against in…
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