Homeownership Offers Stable Monthly Costs
Of course , one of the key benefits of owning your home is that you ’ re able to lock in and stabilize your payments for the duration of your loan . That ’ s not the case when you rent .
While rents are already on the rise , there ’ s a good chance many people will see their rental costs increase even more this year . As Danielle Hale , Chief Economist at realtor . com , says :
“ With rents already at a high and expected to keep going up , rental affordability will increasingly challenge many Americans in 2022 . For those thinking about making the transition from renting to buying their first home , rising rents will remain a motivating factor . . . .”
So , if you ' re ready to become a homeowner , waiting any longer may not make financial sense . Instead , escape the cycle of rising rents and enjoy the many benefits that come with homeownership today .
Bottom Line
Don ’ t let the convenience of renting fool you . While it may be nice to avoid the routine maintenance on your apartment , the trade off that comes with it is steep . By renting , you ’ re paying more for that convenience than you may know . Let ’ s connect to explore your options and the many benefits of homeownership .
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