5 Reasons Why Investing in Real Estate Property Is a Smart Decision

1. March 24, 2017 5 Reasons Why Investing in Real Estate Property Is a Smart Decision image 1: Purchasing Real Estate Property Can Help You Establish Good Credit The question of whether to rent or buy a home has always persisted, but an article from Realtor Magazine indicates that the latter is currently the better option. After all, who wouldn’t want a home they can actually call their own? Page | 1

2. But for those who are still on the fence regarding this matter, here are five great reasons why you should invest in a home: You build equity You may think renting a home is a more budget-friendly option, but consider where all that money is going—straight to your landlord’s pockets. No matter how much money you funnel into a rented property, it will never be yours. If you take that money and buy a home, however, you have an investment that generates greater equity over time—something you can even borrow against in the future. Your monthly costs are fixed If you’re a long-time renter, you know rental prices increase each and every year. In fact, there may even come a time when your rent can actually be bigger than your mortgage payments. Getting a fixed-rate mortgage, however, means paying the same amount each and every month until you pay off your home completely. Live how you choose As a renter, you have to abide by your landlord’s rules. So if your building has a no-pets rule, you’ll have to postpone owning a dog for now. Likewise, you have limited freedom with regards to customizing your space. Always wanted to paint your walls purple? You’d better hope your landlord is fond of the color, too. Have a solid credit history Unless you’re loaded, chances are you’ll need to take out a mortgage to be able to buy a house. The upside is that paying your mortgage on time rapidly builds up your credit history. So when Page | 2

3. the time comes when you want to take out another loan for a car or a graduate degree, you have a better chance of getting a favorable rate because you’ll have a good credit score. Your housing costs will stop eventually Consider this: if you bought a home, you’ll be paying for it over the next 30 years, after which the property is yours—no more monthly housing costs. If you’re a renter, however, you’ll never stop paying for housing costs; as long as you need a roof over your head, a huge chunk of your income will go to your landlord. With the many benefits associated with homeownership, it makes sense to finally take the leap and purchase a home. And to make the process easier for you, make sure to hire a reputable real estate broker. With their help, you can find the perfect home within your budget that has all the features you need. About the TheBartikoski Group The TheBartikoski Group is one of the leading real estate brokers in Minnesota. We specialize in helping buyers find the perfect real estate properties in Medina and surrounding areas. Thanks to innovative, insightful, and diligent services, our company has helped countless clients find the perfect home they’ve always dreamed of. Sources: 3 reasons it's better to buy than rent, from a woman who bought her first home at 21, BusinessInsider.com 5 Reasons It's Better to Own Than Rent, Fool.com Page | 3