Memphis HomeOwners Equity Grows

Memphis HomeOwners Equity Grows and more. If you’re in the market to buy a home this season, stick with it. Homebuyers in Memphis Tennessee and across the nation face challenges in any market. And today is no exception. But if you stick with it, your decision to purchase a home will be worth the effort. In fact, a recent survey from Bankrate shows homeownership is so powerful that:

Nearly three in four homeowners say they would still buy their current home if they had it to do [sic] all over again.”

Dad reading to daughter in new home. Memphis Home Owners Equity Grows and more.

That means the results of owning a home and the benefits that come with it outweigh the effort needed to achieve their goal. If you’re a homebuyer, be confident knowing the work you put in today will pay off for years to come. Here are a few reasons to stick with your search and focus on the outcome. Let’s Talk to discuss everything homeownership has to offer.

Memphis HomeOwners Equity Grows and more

Memphis Homeownership Contributes Financial Well-Being. The National Association of Realtors lists several reasons to consider if you’re thinking about buying a home. One of the top financial reasons is the equity you build. As they say

“Money paid for rent is money that you’ll never see again, but mortgage payments let you build equity . . . Building equity in your home is a ready-made savings plan.”

Your equity is a powerful tool you can leverage in a number of ways. homeowners are seeing record levels of equity today with the recent home price appreciation. That may be one reason why so many people view owning a home as a great investment and a top indicator of financial well-being. As the survey from Bankrate mentioned above shows:

“. . . Americans place a higher value on homeownership than on any other indicator of economic stability, . . .”

Owning a home ranks above other major accomplishments like retirement, having a successful career, and getting a college degree. That indicates just how impactful the financial benefits of homeownership truly are.

Emotional Benefits of Owning a Home Are Powerful

Memphis Home Owners Equity Grows and more. Of course, homeownership is more than an investment Among them is the opportunity to customize your home to reflect your personality and needs. As they say:

“The home is yours. You can decorate any way you want and choose the types of upgrades and new amenities that appeal to your lifestyle.”

Another benefit homeowners enjoy is the stability it provides. Homeowners typically stay put longer than renters. When you remain in one place longer than a few years, you can grow closer to your community. And that can enhance your sense of pride and lead to better relationships.

The benefits of homeownership are powerful, as Leslie Rouda Smith, President of the realtors association, says:

“From building personal wealth and fostering communities, to strengthening social stability and driving the national economy, the value of homeownership is indisputable.”

Even if you face challenges in today’s market, the payoff when you succeed and purchase a home will be worth it.

Bottom Line

If you’re planning to buy a home this year, there are incredible benefits waiting for you at the end of your journey. Let’s Talk to discuss everything homeownership has to offer.

Published by Brian Stitzinger

Memphis Tennessee Real Estate Broker, Owner/Agent for MB Realty. Memphis Realtor.

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