Make Your Dream Of Home Ownership Come True Starting Today

Make Your Dream Of Home Ownership Come True Starting Today

There is plenty of proof that owning a home is better than renting.  For one, rents are increasing.  Have you ever been faced with a landlord who wants to raise your rent every year?  It would be nice to control your future, wouldn't it?!  

If buying a home is in your future, see the below infographic for three simple steps to help you prepare.  



Map Search



And if you need more evidence, let’s also 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 recently 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 financial sense than renting it.”

What proof exists that owning is financially better than renting?

1. Top 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.

2. Studies have shown that a homeowner’s net worth is 44x greater than that of a renter.

3. In a previous post, it was explained that a family who purchased an average-priced home at the beginning of 2017 could build more than $48,000 in family wealth over the next five years.

4. Some argue that renting eliminates the cost of taxes and home repairs, but every potential renter must realize that all the expenses the landlord incurs are already baked into the rent payment– along with a profit margin!!

Bottom Line

Owning a home has always been better from a financial standpoint than renting.  Talk more in detail about the benefits of home ownership with your local eXp Realtor.  It will help you secure your financial future!


Get you free real estate market report



Get More familiar with Chicago Neighborhoods by looking through this map.  You can zoom in and out.  


If you find it useful, please share it.









Russ Vilt Headshot
Author:
Phone: 312-835-2550
Dated: March 27th 2018
Views: 62
About Russ: Get your free selling, buying, & luxury guide here: https://www.russvilt.com/ Search for your dre...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

You Might Be Leaving Money At The Closing Table - In this second installment I talk
Competing Offers In Wicker Park Sellers Market - I'm thrilled to tell you 1546 N
Signs Of Generations Moving And More Inventory Coming To The South Loop - Like last month, low inventory and
Cure Ald FUNDRAISER - Hello friends!  👼;

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

eXp Realty Illinois
939 West North Avenue, Suite 750
Chicago, IL
312-436-0599