Why You Should Own Your Own Home in Tooele Utah

In Tooele UT buy don't rent
Buy don’t rent in Tooele UT

I have written a ton of stuff on why you should own your own home in Tooele Utah. But still, I get calls daily about asking the question “should I rent or buy”?

I thought I would put something to paper that we can all use as a reference point. It wasn’t hard to do. Keeping Current Matters just happened to post a piece about what it could cost NOT to own your own home. I’m passing that on.

Then I found 4 or 5 articles from various sources that deal either directly with the advantages of being a home owner or list the pros and cons of being a home buyer. I’m sending those along to give you other perspectives.

Hope you enjoy!

NOT Owning Your Home Can Cost You a Lot of Money!

NOT Owning Your Home Can Cost You a Lot of Money! | MyKCM

Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed.

Realtor.com recently reported that:

Buying remains the more attractive option in the long term – that remains the American dream, and it’s true in many markets where renting has become really the shortsighted option… as people get more savings in their pockets, buying becomes the better option.”

What proof exists that owning is financially better than renting?

1. In a previous blog we highlighted the top 5 financial benefits of homeownership:

  • Homeownership is a form of forced savings.
  • Homeownership provides tax savings.
  • Homeownership allows you to lock in your monthly housing cost.
  • Buying a home is cheaper than renting.
  • No other investment lets you live inside of it.

2. Studies have shown that a homeowner’s net worth is 44x greater than that of a renter.

3. Just a few months ago, we explained that a family that purchased an average-priced home at the beginning of 2018 could build more than $44,000 in family wealth over the next five years.

4. Some argue that renting eliminates the cost of taxes and home repairs, but every potential renter must realize that all the expenses the landlord incurs are already baked into the rent payment– along with a profit margin!!

What Homes Can You Buy In Tooele UT

Owning a home has always been, and will always be, better from a financial standpoint than renting, so lets look at what is for sale in Tooele County.

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The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Keeping Current Matters, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.

Others Thoughts on Home Buying vs Renting a House

Here are articles I promised from others in the field that you can use to determine why you should own your own home in Tooele Utah. If you don’t use this advice now, save until later.

Renting Vs. Buying A Home: Which Is Right For You? | Bankrate.com®

Jul 3, 2018 … The first consideration in the rent vs. buy decision is often how much each will cost. If you rent a home, your monthly costs are generally fixed for …

Renting vs. Buying a House – How to Make a Decision, Pros & Cons

Debating whether to buy or rent a home? See the pros & cons of each, and find out the questions you must ask yourself before making a decision.

Rent vs Buy Calculator: Should I Rent or Buy? – NerdWallet

Is it better to buy or rent? Closing costs can get … NerdWallet’s calculator helps you determine if renting or buying a home makes more financial sense for you.

Rent vs buy home – here are the numbers you need to decide

Feb 20, 2018 … Buying a home is usually more affordable than renting, but situation and location can make all the difference.

There you have it. Information about buying or renting property in Tooele UT. I hope you enjoyed what I have shared and you have been moved to take the next step. IE: start looking at Tooele new homes to buy.

If so, then you should start looking at agents to partner up with. I’d like to apply for that job. You are acquainted by now with my blog, and after having read some of my tips about Tooele County Real Estate, you know that I know stuff. And, I’m eager to share that knowledge with my customers. Plus, you can read my bio on about Berna Sloan.

Need more? Just call me Berna Sloan 435-840-5029; ask me if I know why you should own your own home in Tooele Utah.