Yes, Owning a Home Has Distinct Financial Benefits Over Renting

Dated: June 18 2021

Views: 37

Owning a Home Has Distinct Financial Benefits Over Renting [INFOGRAPHIC] | MyKCM

Some Highlights

  • When you rent, you build your landlord’s wealth, your monthly payment depends on ever-rising rents, and you don’t benefit from home price appreciation.
  • On the other hand, when you own your home, you build your own wealth, your monthly payment is locked in, and you benefit directly from home price appreciation.
  • If you’re feeling the challenges of a competitive market, remember that homeownership is a long-term game. Persevering today will lead to financial rewards in the future.
Blog author image

Linda and Richard Askue

We Want to Become your Real Estate Agents for Life! Our ‘Mission & Vision’ is to help people build wealth through Real Estate. People’s opportunities & possibilities are greater as a result of....

Latest Blog Posts

Achieving the Dream of Homeownership

Homeownership has long been considered the American Dream, and it’s one every American should feel confident and powerful pursuing. But owning a home is also a deeply personal dream. Our

Read More

When Is the Right Time To Sell

Some HighlightsIf you’re trying to decide when to list your house, the time is now. There are plenty of buyers eagerly waiting for your home to hit the market.The latest data

Read More

What’s Going To Happen with Home Prices This Year?

After almost two years of double-digit increases, many experts thought home price appreciation would decelerate or happen at a slower pace in the last quarter of 2021. However, the latest Home

Read More

Two Ways Homebuyers Can Win in Today’s Market

If your goal is to purchase a home this year, you might be looking for any advantage you can get in today’s sellers’ market. While competition is still fierce for homebuyers, there are

Read More