To Be or Not to Be -- A Home Owner?

Recent news articles have prefaced renting over home ownership. Sadly, few individuals will review the methodology behind reports that claim renting is a better financial decision than owning a home right now. At the heart of these reports is an assumption that, if you rent, you are investing funds -  that you would have spent on a home purchase - as part of your investment portfolio.  The reality, of course, is that for most renters any savings realized by renting - instead of buying - are not typically being invested into a portfolio.

The primary reason why homeownership remains ‘one of the best investments you can make’ is precisely because you are building your wealth. Studies have shown that homeowners have up to 40 times greater net worth than those that rent.

As always, it is important to talk to a local and knowledgeable real estate agent to ensure that homeownership is right for you. At Dwellhop we are always here to help you find the right home for you.