5 Reasons Why Owning a Home Makes Financial Sense

Did you know June was National Homeownership Month? A recent report stated that buying is cheaper than renting in some metros. I know in DFW, one bedroom apartments are climbing to the $1000 price range. 

Why should you consider being a homeowner? The financial sense it makes. For me, the wealth building tool of homeownership beats renting all day. 

Here are 5 reasons why it makes financial sense:

  • Mortgage payments can be fixed while rents go up
  • Equity in your home can be a financial resource later
  • You can build wealth without paying capital gains
  • A mortgage can act as a forced savings account
  • Overall, homeowners can enjoy greater wealth growth than renters. 

So before you sign that lease again, contact New Avenue Realty to better understand your options. 

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