It’s Better to Own a Home Over Renting

Even though it has been a tough market for home buyers, studies have shown that owning a home has distinct financial benefits over renting! Now we aren’t saying that renting is a bad option, it is especially beneficial if you aren’t ready to stay in one place long but that is exactly what it is good for; short term!

We broke down the benefits between owning vs renting to help you with your decision!

– When you rent you build your landlords wealth and when you own you build your own wealth

– Your monthly payment depends on if rents rise or not whereas if you own a home your mortgage rate is locked in

– When you rent you don’t benefit from home price appreciation as you would if you own a home

We know a lot of people thinking of buying are feeling the challenges of this competitive market and housing are selling at astonishing speeds. If you look ta the statistics four years ago a house on average spent 39 days on the market, two years ago it was 24 days and today, that number is down to just 17 short days. No with all that being said we want to remind you that home ownership is a long-term game and the benefits you will reap once you find that perfect home will out way the hassle you went through to find it.