Owning a Home Has Distinct Financial Benefits Over Renting [INFOGRAPHIC]

<article class="post-2225 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-2225"><span class="entry-date">June 18, 2021</span><div class="entry-header center-block text-center"><h1 class="entry-title">Owning a Home Has Distinct Financial Benefits Over Renting [INFOGRAPHIC]</h1><div class="shareBlock"><div class="shareTitle">Share</div><div class="shareIcons"><a aria-label="Twitter Share Link" class="twitter solid display-inline-block" data-tracking="Post,Social Post Link Clicked,Twitter" href="http://twitter.com/share?text=Owning+a+Home+Has+Distinct+Financial+Benefits+Over+Renting+%5BINFOGRAPHIC%5D&amp;url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fowning-a-home-has-distinct-financial-benefits-over-renting-infographic%2F" target="_blank"><span class="force-hidden">Twitter</span></a>
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<h3><strong>Some Highlights</strong></h3>
<ul>
<li>When you <a href="https://www.simplifyingthemarket.com/2021/05/27/how-misunderstandings-about-affordability-could-cost-you/?a=712984-fa409495d5d70154d03a25e81e9540e2">rent</a>, you build your landlord’s wealth, your monthly payment depends on <a href="https://www.census.gov/housing/hvs/files/currenthvspress.pdf">ever-rising rents</a>, and you don’t benefit from home <a href="https://www.simplifyingthemarket.com/2021/06/09/home-price-appreciation-is-as-simple-as-supply-and-demand/?a=712984-fa409495d5d70154d03a25e81e9540e2">price appreciation</a>.</li>
<li>On the other hand, when you own your home, you build your <strong>own</strong> <a href="https://www.simplifyingthemarket.com/2021/05/06/why-waiting-to-buy-a-home-could-cost-you-a-small-fortune/?a=712984-fa409495d5d70154d03a25e81e9540e2">wealth</a>, your monthly payment is <strong>locked in</strong>, and you <strong>benefit directly</strong> from home price appreciation.</li>
<li>If you’re feeling the challenges of a <a href="https://www.simplifyingthemarket.com/2021/05/28/homes-across-the-country-are-selling-fast-infographic-3/?a=712984-fa409495d5d70154d03a25e81e9540e2">competitive market</a>, remember that homeownership is a long-term game. <a href="https://www.simplifyingthemarket.com/2021/06/14/the-right-expert-will-guide-you-through-this-unprecedented-market/?a=712984-fa409495d5d70154d03a25e81e9540e2">Persevering</a> today will lead to financial rewards in the future.</li>
</ul>
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