If you need assistance, please call 407-513-4724

5 Reasons Why Homeownership Is a Good Financial Investment #RealEstate #OrlandoRealEstate #FLRealEstate #FredaRealty #teamFREDA

Thursday, December 1, 2016   /   by Matthew Freda

5 Reasons Why Homeownership Is a Good Financial Investment #RealEstate #OrlandoRealEstate #FLRealEstate #FredaRealty #teamFREDA

5 Reasons Why Homeownership Is a Good Financial Investment | Simplifying The Market

5 Reasons Why Homeownership Is a Good Financial Investment





According to a recent report by Trulia, “buying is cheaper than renting in 100 of the largest metro areas by an average of 37.7%.” That may have some thinking about buying a home instead of signing another lease extension. But, does that make sense from a financial perspective?


In the report, Ralph McLaughlin, Trulia’s Chief Economist explains:



“Owning a home is one of the most common ways households build long-term wealth, as it acts like a forced savings account. Instead of paying your landlord, you can pay yourself in the long run through paying down a mortgage on a house.”


The report listed five reasons why owning a home makes financial sense:



    1. Mortgage payments can be fixed while rents go up.

    1. Equity in your home can be a financial resource later.

    1. You can build wealth without paying capital gains.

    1. A mortgage can act as a forced savings account.

    1. Overall, homeowners can enjoy greater wealth growth than renters.


Bottom Line


Before you sign another lease, let’s get together and discuss all your options.



eXp Realty, LLC
Matthew Freda
651 W Warren Ave
Longwood, FL
407-513-4724

© 2020 My Florida Regional MLS DBA Stellar MLS, Inc.. All rights reserved. The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of My Florida Regional MLS DBA Stellar MLS, Inc. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.2/17/2020 7:53 PM CST