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Fun Fact Friday Owning Vs. Renting

Did you know that a homeowner’s net worth is over thirty times greater than that of a renter?

A recent study found that the average homeowner has a net worth of $174,500 while the average net worth of a renter is $5,100. Why you might ask? The reason for this is when a mortgage payment is made you’re building equity in your home overtime. Whereas with renting one pays a landlord in order to have the right to occupy the home but, at the end of the lease term there’s no equity that’s been built.

Are you ready to become a homeowner? Call us! 703-988-3151

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