Owning a Home Has Distinct Financial Benefits Over Renting

Dated: June 18 2021

Views: 554

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

Anthony Atkinson

Anthony Atkinson believes your interests come first. He's experienced, energetic, and committed to your success. For most people the purchase of a home represents much more than a good financial inves....

Latest Blog Posts

Have You Ever Seen a Housing Market Anything Like This Before?

Some HighlightsWhether you’re buying or selling – today’s housing market has plenty of good news to go around.Buyers can take advantage of today’s mortgage rates to escape

Read More

Is the Number of Homes for Sale Finally Growing?

An important metric in today’s residential real estate market is the number of homes available for sale. The shortage of available housing inventory is the major reason for the double-digit

Read More

Your Checklist To Get Ready To Sell

Some HighlightsWhen it comes to selling your house, you want it to look its best inside and out.It’s important to focus on tasks that can make it inviting, show it’s cared for, and boost

Read More

The Difference in Net Worth Between Homeowners and Renters Is Widening

Becoming financially secure is an important goal for many people today, but some don’t realize just how much homeownership can help them achieve that dream. A recent report, The Journey Toward

Read More
Fair Housing Icon NY Fair Housing Notice