There’s been a lot of chatter about younger people not being interested in owning their own homes, millenials in particular.
Reasons range from a misunderstanding about how much is needed for a down payment to simply not wanting the “aggravation” that sometimes goes with being a homeowner.
But there are several solid financial reasons why home ownership is a positive thing. Here are just a few:
- Homeownership is a form of forced savings.
- Homeownership provides tax savings.
- Homeownership allows you to lock in your monthly housing cost.
- Buying a home is less expensive than renting.
- No other investment lets you live inside of it.
According to our colleagues at industry resource Keeping Current Matters (KCM), studies have shown that a homeowner’s net worth is 44x greater than that of a renter.
The numbers say that a family who purchased a median-priced home at the start of 2019 would build more than $37,750 in family wealth over the next five years with projected price appreciation alone!
While well-meaning friends and family — like your Uncle Harry who “knows a little something about real estate” — may be saying renting saves the cost of taxes and home repairs, renters need to realize that all the expenses the landlord incurs are already baked into the rent payment – along with a profit margin!
So, if you’ve decided to get on with your life and buy a home, we’d be happy to meet with you to discuss your options. Please contact us at 508-568-8191 or via [email protected] Thanks.
Last week, we hosted a pie/client appreciation event at JD’s Burger Company in Sandwich. It was our way to thank those people, who made our business successful by deciding to “make their move with Mari.”
It was nice to see the number of business and personal connections that were made as our guests got to know each other and discovered how much they had in common.
Every guest left with at least one holiday pie. We actually over ordered, so that we could also make a donation to the Sandwich Food Pantry. Please consider supporting them tomorrow, which is Giving Tuesday. They perform a valuable service to our community. You never know when you might need them.
Thanks to Jack, Kristie and the staff at JDs for the great food and outstanding service.
Finally, if anyone is telling you not much goes on in the real estate business this time of year, you can tell them that’s not true. We were happy to be a part of four closings over the past two weeks and have several more scheduled before the end of the year. While a few have been cooking for a while, others are more recent decisions by buyers and sellers to “make their move with Mari.” Contrary to what many believe, the holidays are a great time to sell your home, as Hank talked about in his new online series, Morning Coffee.
…and please watch social media for new episodes of “Mari’s Kitchen.” Mari will be sharing some of her favorite — and easy to prepare — holiday recipes.
Enjoy your week…
Mari and Hank