The Big Difference Between a Homeowner’s and a Renter’s Net Worth

In this Article...

In the charming Blue Ridge and Northeast Georgia mountain areas, the financial gap between homeowners and renters can be significant. With homeownership being a key strategy for building wealth, owning a home can vastly increase one's net worth compared to renting. Mountain Place Realty, led by Broker Rhonda Thomas Haight, offers invaluable guidance through a team of experienced and successful agents, ensuring that you make informed decisions on your path to homeownership.

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.​