911 Emergency – Your Money is on Fire!
Kevin Cooper • Sep 27, 2016
I hate to be the bearer of bad news, but you might be burning your money and not even be aware! Keep reading to learn why.
For many, the thought of owing a home seems entirely out-of-reach, and renting seems more accessible and affordable. The truth, however, reveals that renting can cost you more money long-term than actually owning your own home!
3 Reasons to Buy Rather than Rent
1-Buying is cheaper
when you actually take into account average rents vs average monthly mortgage rates. Check out this website that will calculate the difference between costs for renting or buying for you personally! You will absolutely be surprised.
2- Buying a home means you have a forced savings account.
Owning your own home means your paying for something that will be yours at the end of your mortgage agreement. You can rent for the rest of your life, but you will never have access to the money you paid to your landlords. When you buy, your home is much more than a place to live — it is a source of equity that will benefit you and your family for years to come.
3-Appreciation
Your home will appreciate in value, and this means you will receive a return on your investment when you sell or rent it to others. Owning a home means you have the opportunity to earn passive income, which is always a good idea if you have an interest in ensuring your financial situation will support you into old age.
I hope you found these tips to be helpful, and that you will consider this information when making your next move. Feel free to contact me at 916-960-4850 to discuss the best option for you!
Cooper & Associates Blog
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