The Magic
of Owning
a Home
Have you been renting and
thinking about buying a
home? The benefits of owning
a home go beyond having
something to call your own!
Typically considered one of the
safest investments a person can
make, there are several other
benefits of homeownership. If
you’re feeling financially secure,
the time to act is now.
© 2020 Buffini & Company. All Rights Reserved.
Rent vs. Own
In at least 50 cities in the United States and Canada, it
is cheaper to buy than rent. Before we dive in, take a
look at what happens when people rent instead of own.
Rent Own
Paying landlord’s mortgage, Increasing your own wealth.
making them richer.
Monthly payment is subject A fixed mortgage keeps your
to increase year-to-year. monthly payment constant.
Constant payment that In the United States, pre-pay-
never goes away. ing parts of your mortgage can
reduce your debt.
The space belongs to Your own space to customize
someone else. and design however you want.
At the will of your landlord You are your own landlord!
for changes or updates.
Source: Yahoo Finance 1
Homeownership
and Your Dreams
75 % of non-homeowners in the
United States consider buying a
home to be part of their American dream,
and they plan to jump in eventually.
Homeownership Provides…
A Place to Call Your Own
Your home creates a sense of security and belonging
in your community, knowing that you have a piece of
the neighborhood that’s all yours.
A Reminder of Your Achievements
Whenever you walk through the front door, you are
reminded of the effort that went into obtaining that
home in the first place and achieving that goal.
National Association of REALTORS® 2
Homeownership Get into the market
to get into increased
and Your Wealth wealth over time!
Financial Benefits of
Homeownership:
Grow Your Personal Fortune
The average homeowner has 44 times the net worth of a
renter. Owning your home boosts your own worth and lets
you accumulate more wealth over time.
Get More Tax Benefits
You can write-off mortgage interest and property taxes in
most cases, saving you money come tax time.
Secure an Investment That Isn’t Going Anywhere
Whether you fix it up, rent it out or re-sell it, real estate’s
value tends to increase the longer you have it, and are often
less volatile than stock investments.
SOURCE: Federal Reserve Survey of Consumer Finances 2013-2016, The Balance 3
Homeownership Not only does
homeownership benefit
and Your Family you, but it also impacts
the world around you!
Creates Stronger Families
When you have a home base that’s all yours, studies show
that emotional stability increases among family members.
Kids Perform Better in School
Children raised in a home that’s owned by the family
find more success in math and reading and have fewer
behavioral problems.
Stronger Sense of Community
People who own homes are more active in their
community, doing more to ensure that their property
remains in a neighborhood that is supportive, safe and
beautiful.
SOURCE: Joint Center for Housing Studies of Harvard University, 4
National Association of Home Builders
Homeownership:
A Smart Decision
The magic of homeownership affects your
dreams, wealth and family life. Investing
in a home is a smart decision for anyone
looking to increase their net worth and
become more active in their community.
Call me to get started on your journey to
homeownership!
For more information on the benefits of homeownership,
tune into “The Magic of Owning a Home #226” on The
Brian Buffini Show podcast.
New episodes of The Brian Buffini Show are released
every Tuesday to explore the mindsets, motivations and
methodologies of success. Listen today!
LISTEN TO THE EPISODE:
THE MAGIC OF OWNING A HOME
#226
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