Benefits of Home Ownership Versus Renting
With mortgage loans seemingly impossible to get, most people who would otherwise be interested in purchasing
their own home are left with the prospect of renting or leasing. Purchasing a home using owner financing is
not usually considered an option, even though in this economic environment it makes the most sense for most
people who are considering buying or renting a home.
At Owner Finance Homes, we feel that home ownership contributes greatly to the stability and the success of your family and your children. Because the lending institutions in this country are not willing to lend the money for the average family to purchase and own their own home, Owner Finance Homes has chosen to offer all their homes on an owner-financing basis.
I worked most of my career in the financial arena in corporate America and have always known that owning your own home makes better financial sense than renting. I have also always believed and have said many times that children thrive and are more successful in their lives when they live in the home their parents own rather than living in a rental place. The sense of permanence, security, stability, and having your own “home” rather than just living somewhere would allow the younger set to feel a stronger foundation in their lives. In addition, this foundation then translates into being stronger, more confident and more success while they are growing up. It was only when I was doing some research for this webpage did I find out just how much more home ownership was beneficial in so many different ways than was renting, and I was amazed and surprised. It is also a great way to fund some or all of your retirement, if you own a house for rent. Check out a guide to taking on rental properties as it can give more arguments.
Here is just some of the research from reports that look at the benefits of home ownership versus those of renting. If you are considering purchasing a home or renting / leasing it, then please consider the following information when making your decision. Home ownership has many advantages over renting or leasing a house, some of them are: