5 Reasons Why Homeownership Is A Good Financial Investment

5 Reasons Why Homeownership Is A Good Financial Investment

According to a recent report by Trulia, “buying is cheaper than renting in 100 of the largest metro areas by an average of 37.7%.” That may have some thinking about buying a home instead of signing another lease extension. But, does that make sense from a financial perspective?

In the report, Ralph McLaughlin, Trulia’s Chief Economist explains:

“Owning a home is one of the most common ways households build long-term wealth, as it acts like a forced savings account. Instead of paying your landlord, you can pay yourself in the long run through paying down a mortgage on a house.”

The report listed five reasons why owning a home makes financial sense:

  1. Mortgage payments can be fixed while rents go up.

  2. Equity in your home can be a financial resource later.

  3. You can build wealth without paying capital gains.

  4. A mortgage can act as a forced savings account.

  5. Overall, homeowners can enjoy greater wealth growth than renters.

Bottom Line

Before you sign another lease, contact me so you we can discuss your options and see if homeownership is right for you!


Daiana Devitta, PA

Terrabella Realty

daiana.devitta@gmail.com

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by The KCM Crew


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Phone: 786-501-5518
Dated: December 1st 2016
Views: 489
About Leo: We are a team of committed Real Estate professionals serving Miami-Ft Lauderdale and the other areas...

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Location & Address

Terrabella Realty
17820 West Dixie Hwy
North Miami Beach, FL
786-801-2691
305-402-0112