Renting can often come out ahead, at least compared to the early years of a home purchase. But like the tortoise racing the hare, owning a home is more “slow and steady,” a marathon instead of a sprint. The virtues of buying grow when you stay in a home for a while. As the years pass and your home’s equity and value have a chance to build, less of each mortgage payment is used to pay off the interest, and more goes toward your principal. Home buying costs more upfront, but you can get some of that back (and potentially more) when you sell the home! Visit our website and follow us for more helpful tips!
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AuthorThe Groza Real Estate Team Archives
January 2021
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