Sustainable homes are more than a trend.
Find out more
Do you want content like this delivered to your inbox?
Share

Homeownership Is an Investment in Your Future

Share

Homeownership Is an Investment in Your Future

Andy Rose

Andy brings to the table over 12 years of real estate experience including becoming a licensed Georgia broker in 2018 and a licensed Broker in Fl...

Andy brings to the table over 12 years of real estate experience including becoming a licensed Georgia broker in 2018 and a licensed Broker in Fl...

Dec 8 4 minutes read

There are many people thinking about buying a home, but with everything affecting the economy, some are wondering if it’s a smart decision to buy now or if it makes more sense to wait it out. As Bob Broeksmit, President and CEO of the Mortgage Bankers Association (MBA), explains:

“The desire for homeownership is strong. Many prospective buyers are waiting for the volatility in mortgage rates to subside, as well as for a clearer picture of the economic outlook.”


If you’re in that position, remember that it’s important to consider not just what’s happening today but also what benefits you may gain in the long run.


There’s a lot of information out there about how homeownership helps build a homeowner’s net worth over time. But even today, many people think first about things like 401(k)s before they think of owning a home as a wealth-building tool. It’s especially important if you’re a young prospective homebuyer to understand how homeownership is another key way to invest in your future. An article from Bloomberg notes:

“Millennials have higher average 401(k) balances than Generation X did when they were the same age, but they're not any better off financially. . . . A lot of that has to do with being less likely to own a home.”


To help you understand just how much owning a home can have a positive impact on your life over the years, take a look at what the data shows. The same Bloomberg article helps show the gap in wealth between renters and homeowners who are 65 years and older (see graph below). The difference is substantial, even when incomes are similar.

Homeownership Is an Investment in Your Future | MyKCM

So, if you want to create wealth to help set you up for success later on, it may be time to prioritize homeownership. That’s because, whether you decide to rent or buy a home, you’ll have a monthly housing expense either way. The question is: are you going to invest in yourself and your future, or will you help someone else (your landlord) increase their wealth?


Bottom Line

Before putting your homeownership plans on hold, let’s connect to go over your options. That way, you’ll have expert advice on how to make the best decision right now and the best investment in your future.

Selling Your Home? 

Get your home's value - our custom reports include accurate and up to date information.

Get Home Value

FEATURED LISTINGS

Get instant access to the latest properties to hit the real estate market.

FEATURED LISTINGS

Are you a Veteran? 

Let us help!


As a Veteran, we specialize in helping Veterans utilize their VA Home Loan Benefits. 

Check out our Veteran's Page.

VA Home Loan Benefits

Now partnered with Corcoran

Andy Rose is now partnered with Corcoran Reverie in Florida. 

Corcoran Reverie is known for their knowledge and experience with luxury beach properties along Florida's panhandle. Your beach home search starts here: www.YourEmeraldCoast.com

Ready to Take the Next Step?

We want you to feel confident about your next steps as a homebuyer.

Click Here
Sold 473 Alec Crest
473 Alec Crest

Powder Springs, GA

Get More Info
Sold 17 Lexington
17 Lexington Ct

Dallas, GA

Get More Info
4030 Kristanna Dr
4030 Kristanna Dr

Panama City, FL


Get More Info

We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info