Maybe you’ve heard of some of the benefits of owning a home, but have you ever stopped to consider the cost of not owning your own home in Roseburg?
In this post, I’ll share some of the basic financial benefits of owning your own home that I think every Roseburg renter should know, and how to start the home buying process.
Regardless of what you “think” the reason is that you can’t buy a home, it pays… literally to see if you qualify. Let’s see what not owning your own home actually costs you.
Cost Of Not Owning Your Own Home In Roseburg
I think most people have the same dream of owning their own home someday, but did you know it can actually cost you money not to own? Here’s what I mean.
Check out what Andrew Woo and Dylan Grosz from Apartmentlist.com had to say about the widening gap between renters vs. homeowners, and the devastation that falling home ownership could actually bring…
Our research indicates that not owning a home has a sizable financial cost, as renters miss out on low mortgage rates and are hit by higher rents. This phenomenon may exacerbate inequality in our society, as those wealthy enough to invest in real estate benefit from lower interest rates, whereas minorities and younger Americans, hit by rising rents and student debt, risk being locked out of homeownership.
Read the whole article here.
You’ve heard about some of the benefits of owning a home, but do you know these 5? A recent study revealed the following 5 reasons it just makes sense to own a home in Roseburg OR.
- You are paying the mortgage either way… either for you or the landlord.
- You can look at your home as a “sort-of” forced retirement savings.
- Your home is one investment you can actually leverage with little money out of your pocket.
- Protects your housing budget against inflation and increased rents.
- Numerous tax benefits to owning.
Read the full post: 5 reasons it makes good financial sense to own your own home.
I’m sure you could write a list of 1000 emotional and social reasons that owning a home is better than buying, but these 5 are the main financial reasons you should consider buying vs. renting.
Are you thinking about buying a home? Want to find out if you’ll qualify, or how much home you can afford? Here’s a free cheat sheet to show you what to take with you to your lender appointment? Download your free checklist here.
In My Opinion
Owning your own home just makes better financial sense than renting, and unless something major changes, I believe it always will.