Page 9 - BUYING A HOME

5 Reasons Homeownership Is A Good

Financial Investment

Owning a home has great financial benefits, yet many continue to rent. Let’s look at
the financial reasons why owning a home of your own has been a part of the American
Dream for as long as America has existed.

Zillow reported that:

“In reality, buying or renting a home is an intensely personal decision, with
emotional and even financial considerations that go beyond whether to invest
in this one (admittedly large) asset. Looking strictly at housing market
numbers, there is a concrete point at which buying a home makes more
financialsense than renting it.”

What proof exists that owning is financially better than renting?

1. Here are 5 financial benefits of homeownership:

• Homeownership is a form of forced savings.
• Homeownership provides tax savings.
• Homeownership allows you to lock in your monthly housing cost.
• Buying a home is cheaper than renting.

• No other investment lets you live inside of it.

Nancy Lewis | LUXE Realty Group | 704.363.1668 9