Homeownership Offers Stable Monthly Costs
Of course, one of the key benefits of owning your home is that you’re able to lock in and stabilize your payments for the duration of your loan. That’s not the case when you rent. While rents are already on the rise, there’s a good chance many people will see their rental costs increase even more this year. As Danielle Hale, Chief Economist at realtor.com , says:
“With rents already at a high and expected to keep going up, rental
affordability will increasingly challenge many Americans in 2022. For those thinking about making the transition from renting to buying their first home, rising rents will remain a motivating factor. . . .” So, if you're ready to become a homeowner, waiting any longer may not make financial sense. Instead, escape the cycle of rising rents and enjoy the many benefits that come with homeownership today.
Bottom Line Don’t let the convenience of renting fool you. While it may be nice to avoid the routine maintenance on your apartment, the trade off that comes with it is steep. By renting, you’re paying more for that convenience than you may know. Let’s connect to explore your options and the many benefits of homeownership.
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