DON’T SPEND ANOTHER CENT PAYING RENT.
Build your personal wealth and invest in your future by purchasing a new HISTORYMAKER Home.
Before you renew your lease, you may want to consider why owning a home could help you be more financially secure.
1. Fixed Mortgage Payments – If you’re at the end of your lease or looking for a new rental, your rent is subject to change. Your core payment on a fixed-rate mortgage will remain the same throughout the length of your loan. So, while your property taxes and insurance may fluctuate, the bulk of your payment will be consistent.
2. Build Equity – As you pay down your mortgage, you retain the value of your home as an asset. Whether you decide to remain in your home through retirement or move-up to your next home purchase, the equity you amass can help you transition to your next step easier.
3. No Capital Gains – It’s not uncommon to sell a home for more than you paid for it. If you live in the home for two years before selling it, you don’t have to pay capital gains tax. Let’s say instead that you earned the same amount of money from selling off stocks. Your earnings would be subject to a 15% capital gains tax.
Before you sign your next lease, come visit one of our nearby HISTORYMAKER Homes communities and see what you can own for the same amount you are paying in rent. Let us build your home so you can start building your wealth.