Homeowners Net Worth VS. Renter’s
When looking to move, you have to decide if you want to rent a home, an apartment or buy a home. This may help make that decision a little easier for you.
The latest survey, from 2010-2013, reports that homeowner’s net worth is 36 times that of a renter. The average net worth of homeowner’s is $194,500. A renter’s net worth came to $5,400. That is a gap of $189,100!
Homeownership is a way to force you to save. When you pay your mortgage every month, you are increasing your net worth. When you pay your rent, you are increasing your landlord’s net worth.
Many people believe that buying a house is a good financial decision. You are correct! Buying a house will greatly improve your net worth. If you are thinking of buying call us at The Brunner Burkhart Group. We are happy to help you purchase your dream home and increase your net worth!