The National Association of Realtors' latest Housing Pulse Survey revealed that the two major reasons americans prefer buying their own home rather than renting are:

1. Homeownership provides the opportunity to build equity.

2. Homeownership provides a safe and stable environment.

Building Equity

Buying your dream home in Greenwood means that each month, your housing payments go toward building your own equity instead of your landlord's. History has shown that homeownership is a clear path to wealth-building, and homeowners have net worth multiples higher than a renter's. It is for this reason that The Mortgage Reports refer to homeownership as "the essence of 'The American Dream.'"

Family Stability

In a survey conducted by rent.com, 68% of property managers predicted that rental rates will continue to rise in the next year by an average of 8%. Also, 53% of property managers reported that they were more likely to bring in a new tenant at a higher rate than to renegotiate and renew a lease with a current tenant. These are two big reasons why tenants should feel less stable with their housing decision. Owning your home provides a much more stable environment for you and your family.

Homeowners enjoy a more stable environment while simultaneously building their family's net worth. If you are ready to take your next steps toward your dream of homeownership, have a professional on your side to help you through the process. Visit our website or contact us at (864)341-7774 or lakegreenwoodproperty@gmail.com.