Is Homeownership a Good Investment in Gaithersburg MD?
Let's face the facts, the majority of people no longer take truly long-term views for their futures, we live in a society where instant gratification is used as a drug, looking for the big win instead of the small steps that is required to be successful in life.
Take homeownership as an example.
Even though the reality of owning a home does make sense to you ...knowing that in the long run will probably save you hundreds of thousands of dollars during your lifetime—most people do not seem to care what their life will be like more than a few years from now...they are more worried about their weekend plans.
There has never been a better time to buy a house in Gaithersburg Maryland right now..
For that reason, I will try to answer this question
Is homeownership 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 33.1%.” The report may have some people thinking about buying a home instead of signing another lease extension, but does that make sense from a financial perspective?
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 article listed five reasons why owning a home makes financial sense:
- Mortgage payments can be fixed while rents go up.
- Equity in your home can be a financial resource later.
- You can build wealth without paying capital gains.
- A mortgage can act as a forced savings account.
- Overall, homeowners can enjoy greater wealth growth than renters.
Before you sign another lease, let’s get together and discuss all your options.
We are interested in creating repeat business with all our clients.
We understand that we can only do that by bringing you the latest news and information that could affect your financial world when it comes to real estate.
We take pride in assuming that role for you
To reach us, please call 301-246-0001
or send us an email info@ReallyNiceHomes.com
Search for the newest listings in Clarksburg by map (click picture below)
Thinking of selling your home? Let Fernando take over the marketing of your property with our unique 99 STEPS system
www.99SOLD.com - Call or text 240-426-5754 for more information.