After putting up with all of the unpleasant facets of renting, like getting kicked out of your place on short notice because your landlord decides to sell it, pet restrictions, not being able to even hammer in a nail or two to personalize your space, etc., you don’t even walk away with anything to show for all the hard work you put in paying your rent each month. But this is the reality of renting—you are literally increasing someone else’s net worth and equity while you walk away with virtually nothing.
Renting may seem appealing because of the alleged lower upfront costs and less obligation, but these are things you can prepare for when you purchase your own home, and it’s better than continuing to throw money out the window you’ll never see again. When you buy a home, every cent you pay is an investment in yourself that will build wealth for you and your family.
And did you know that some types of mortgages require very little money down, and in some cases, nothing at all? This means you can buy a home for less or equal to a comparable security deposit, and instead of increasing your landlord’s equity each month, you can increase your own!
The Benefits Outweigh The Risks
Sure, there are risks in investing in real estate, like in any other investment. The value could depreciate from the time you originally bought it, but compared to other investments, like the stock market, it’s a much safer place to put your money! Real estate is also the only investment where you can, quite literally, have someone else increase your net worth for you! Sit back, relax, and build a TON of wealth without lifting a single finger. Here’s some more good news—if you buy a home today, the value will likely appreciate, especially if you live in an area with a strong regional job market. But even if your home’s value remains fairly steady and doesn’t appreciate very much, you’re still in GREAT shape since a mortgage is essentially a forced savings account that requires you to pay yourself every month. As the title suggests, owning IS better than renting! We stand behind this and would love to help you achieve your real estate dreams before you ever thought possible. Stop paying your landlord’s mortgage and call us today to talk about your options!