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  • Writer's picturekellyzrealtor

Long-Term Benefits are Why Homeownership Wins

The real estate market has been changing, and it’s common for potential buyers to feel concerned and challenged by these changes. 


But rather than shying away from buying a home in this kind of market, it’s even more important to think about the long-term benefits of homeownership!


Consider some of the people in your life who purchased their homes 5, 10, or even 15 years ago. Chances are high that they don’t regret buying their homes. In fact, they’re probably proud to be homeowners and are happy with their investment in real estate. 


This is because real estate nearly always appreciates in value over time. This means that buying a home will allow your investment to grow in value and increase your personal wealth as a result. 


In addition to appreciating over time, you’ll be building equity over time as you pay into your mortgage as a homeowner. This is a long-term benefit of homeownership that directly translates into more profit and cash in your pocket when you sell your home down the line. 


While owning a home provides some incredible short-term benefits like a safe, stable place to live, the best of real estate is all in the long-term benefits. 


When you rent housing, you don’t get the investment potential or equity growth that makes owning real estate such a smart financial decision. Instead, your monthly rent payment goes straight to your landlord–you never see that money again. 


But when you own a home, you’re building equity with your monthly mortgage payments, and you get that money back when you sell your home. 


The market may feel challenging today, but becoming a homeowner brings those long-term benefits that are unparalleled. 


If you’re questioning if it makes sense to buy a home today, remember the incredible long-term benefits that come with owning a home.

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