Infographic: To Rent or to Buy?
Homeownership can have many benefits for those looking for consistent monthly housing expenses and something to invest in for the long-term. Even though homeowners may pay $1,000 monthly on average, their mortgages don’t really fluctuate; rent typically increases about 5% a year. In fact, a homeowner typically spends less than a renter pays overtime. Homeowners also receive tax credits, which add considerably to how much money they save. Renters and homeowners also seem to live quite different lives; homeowners, on average, seem to be more involved in their communities than renters are. If you’re interested in buying a house, try looking for houses for sale in your local area.
