The Big Difference Between a Homeowner’s and a Renter’s Net Worth
Some Highlights
- Homeownership is one of the best ways to build wealth in our country and it’s easy to see why.
- As you pay down your mortgage and as home values rise over time, you gain equity – and that helps grow your net worth. That’s why a homeowner’s net worth is nearly 40X greater than a renters.
- But you should only buy a home when you’re ready and able to do it. If you want to build a plan to get there, connect with a local agent.
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Nicole Smith
REALTOR® | Licensed in Alabama and Florida | Lic# AL #82151 / FL #SL3129219