Why is home ownership better than renting? After all, why should you own your own home? Maybe you have been standing on the side lines, wondering if now is the time to buy. The fact is, now is a good time to buy. Even though interest rates have been raised slightly, rates are still at historic lows. Here is an illustration provided by Keeping Current Matters, breaking down the interest rates over time.
As you can see, interest rates are at historic lows.
But payment is not the only consideration you should have when you choose to own you home. There are plenty of other reasons to buy soon. Here is a short list of some great reasons for you to own your home instead of renting.
Mortgage payments can be fixed, while rental payments typically go up.
The equity you build can be a financial tool for the future.
Generally, you can build wealth without paying capital gains.
A mortgage payment can act as a forced savings payment.
Overall, homeowners usually enjoy great wealth growth than renters.
We would like to invite you to visit TurnerGroupSells.com. Here at Turner Real Estate Group we specialize in the Rock Hill, Fort Mill, Indian Land and Tega Cay areas of South Carolina. We have made available tours of subdivisions in each city for your review. We are deeply knowledgeable of these areas, which is why you want to choose us for your real estate needs.
We work hard for our customers.
Provided Courtesy of Turner Real Estate Group Keller Williams Fort Mill SC
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