Why Buying in This Market
Makes Perfect Sense!
Unlocking Your Wealth Potential:
Renting vs. Buying a Home
Are you torn between renting and homeownership?
Your decision depends on various factors, but here’s a game-changer you might not be aware of:
Homeownership can significantly impact your net worth.
Here’s the key… Renting means your monthly payments vanish into thin air, while
owning a home means your payments and property appreciation build valuable equity over time.
(Get the full scoop by watching the entire video!)
Are you on the fence and trying to decide if you want to keep renting or buy a home?
What makes the most sense for you depends on a whole lot of factors. But here’s one thing you may not realize:
Home ownership can have a huge impact
on your net worth.
Take a look at this.
According to a Federal Reserve report that just came out, on average, a homeowner’s net worth is about $400,000.
Meanwhile, the average renter’s net worth is about $10,000. Let that sink in for a moment. That means a homeowner’s net worth is roughly 40 times greater than a renter’s.
Here’s one reason why. When you rent, your monthly payment goes toward your housing costs, but you never see any of it back. When you own, your monthly payments and any home price appreciation help you build equity. And that equity gives your wealth a big boost over time.
I know mortgage rates feel high right now, but if you’re ready and able to become a homeowner, this is one long-term reason why it makes sense to maybe take the plunge.
Let’s connect to talk about the perks of owning a home.
I’m Anne Rossley with Baird & Warner, let’s connect!
For everything Chicago, Ask Anne…
📩 anne.rossley@bairdwarner.com
📞 773-620-5333
🌐 annerossley.com
