When deciding between buying a home or renting, think about these 3 important factors:
1. Buying a Home Means Avoiding Rising Rents
When you Rent: Your monthly payment generally goes up each time you sign or renew a lease.
When you Buy: With your fixed-rate mortgage, your monthly payment is locked in for the length of your home loan.
2. Homeowners Own a Tangible and Valuable Asset
When you Rent: You won’t get any return on your investment as you pay your rent monthly.
When you Buy: As home prices rise, and as you pay down your home loan, you build equity.
3. Owning Your Home Grows Your Wealth Over Time
When you Rent: When the cost of renting goes up, it’s more difficult to save money for a down payment to buy a home.
When you Buy: As you build equity through the years, you give your net worth a big boost.
If you’re ready to enjoy the advantages of owning a home, let’s connect to discuss your options. @ Shea Preferred Realty
