Edgar Rangel

Owning Your Home Helps You Build Wealth

You may have heard some people say it’s better to rent than buy a home right now. But, even today, there are lots of good reasons to become a homeowner. One of them is that owning a home is typically viewed as a good long-term investment that helps your net worth grow over time.

Homeownership Builds Wealth Regardless of Income Level

You may be surprised to learn homeowners across various income levels have a much higher net worth than renters who make the same amount.

What makes wealth so much higher for homeowners? A recent article from Realtor.com says: “Homeownership has long been tied to building wealth—and for good reason. Instead of throwing rent money out the window each month, owning a home allows you to build home equity. And over time, equity can turn your mortgage debt into a sizeable asset.”

Basically, the wealth you accumulate when you own a home has a lot to do wi...

Owning Your Home Helps You Build Wealth You may have heard some people say it’s better to rent than buy a home right now.

Newly listed homes are down across the country. If you’re looking to move this summer, selling while the number of homes coming onto the market is so low means your house will be in the spotlight for eager buyers who have limited options. DM me today so we can discuss why now is a great time to sell, if you’re ready.