{"id":305,"date":"2019-11-26T14:41:02","date_gmt":"2019-11-26T14:41:02","guid":{"rendered":"http:\/\/phphouses.com\/blog\/?p=305"},"modified":"2019-11-26T14:41:04","modified_gmt":"2019-11-26T14:41:04","slug":"the-true-cost-of-not-owning-your-home","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/the-true-cost-of-not-owning-your-home\/","title":{"rendered":"The True Cost of Not Owning Your Home"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

There are great advantages to owning a home, yet many people continue to rent. The financial benefits<\/a> are just some of the reasons why homeownership has been a part of the long-standing American dream.<\/p>\n\n\n\n

Realtor.com <\/em>reported that:<\/p>\n\n\n\n

\u201cBuying remains the more attractive option in the long term \u2013 that remains the American dream<\/em><\/strong>, and it\u2019s true in many markets where renting has become really the shortsighted option\u2026as people get more savings in their pockets, buying becomes the better option.\u201d<\/strong><\/em><\/p><\/blockquote>\n\n\n\n

Why is owning a home financially better than renting?<\/strong><\/h4>\n\n\n\n

Here are the top 5 financial benefits of homeownership:<\/p>\n\n\n\n

  1. Homeownership is a form of forced savings.<\/li>
  2. Homeownership provides tax savings.<\/li>
  3. Homeownership allows you to lock in your monthly housing cost.<\/li>
  4. Buying a home is less expensive than renting.<\/li>
  5. No other investment lets you live inside of it.<\/li><\/ol>\n\n\n\n

    Studies have also shown that a homeowner\u2019s net worth is 44x greater<\/a> than that of a renter.<\/p>\n\n\n\n

    A family that 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.<\/p>\n\n\n\n

    Some argue that renting eliminates the cost of taxes and home repairs, but every potential renter must realize that all the expenses the landlord incurs are already baked into the rent payment \u2013 along with a profit margin!<\/em><\/p>\n\n\n\n

    Bottom Line<\/strong><\/h3>\n\n\n\n

    Owning a home has many social and financial benefits that cannot be achieved by renting. Let\u2019s connect to determine if buying a home is your best move.<\/p>\n\n\n\n

    Contact us:
    PHP Houses<\/a>
    142 W Lakeview Ave
    Unit 1030
    Lake Mary, FL 32746
    Ph: (407) 519-0719
    Fax: (407) 205-1951
    email:     info@phphouses.com<\/a><\/p>\n\n\n\n

    Let’s Connect:
    Facebook<\/a>
    Linkedin<\/a>
    Twitter<\/a>
    Instagram<\/a>
    <\/p>\n","protected":false},"excerpt":{"rendered":"

    There are great advantages to owning a home, yet many people continue to rent. The financial benefits are just some of the reasons why homeownership has been a part of the long-standing American dream. Realtor.com reported that: \u201cBuying remains the more attractive option in the long term \u2013 that remains the American dream, and it\u2019s true in many… Finish Reading The True Cost of Not Owning Your Home<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[36],"tags":[38,15,18,27,57,52,32,25,49,40,20,24,48,13,19,6,17],"_links":{"self":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/305"}],"collection":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/comments?post=305"}],"version-history":[{"count":1,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/305\/revisions"}],"predecessor-version":[{"id":307,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/305\/revisions\/307"}],"wp:attachment":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/media?parent=305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/categories?post=305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/tags?post=305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}