Is Homeownership the Secret to Bridging the Wealth Gap?
July 19, 2018 | Paul Campbell

Is making the transition from a rental lifestyle into homeownership worth it? Allow me to share some insight into this.

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Those of you who are currently living the rental lifestyle may be wondering whether a transition into homeownership is worth the time, stress, and hassle. Today I’d like to share some key information that could help you make this decision for yourself.

For one thing, owning a home increases your net worth. Depending on what source you look at, you’ll find that the average net worth of a homeowner in the United States tends to be $196,000 to $225,000 more than that of the average renter.

"If you want to build your wealth, homeownership may be the right next step in your life."
And some sources actually state that the average homeowner’s net worth is 42 to 47 times higher than the average renter’s.

Making smart real estate decisions is one of the best ways to bridge the wealth gap. If you want to build your wealth, homeownership may be the right next step in your life.

As a licensed real estate agent, this is a subject that’s near and dear to my heart. Without real estate, I wouldn’t be where I am today personally or professionally.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.
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