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Thats not surprising, considering the many benefits homeownership provides.
Building Equity
Equity is the portion of your homes value that you own outright.
Appreciating home prices also increasesequity.
The difference between renting and owning is staggering in that regard.
Any change that conforms to building codes and other local regulations is within your rights to make.
Potential for Home Value Growth
A home is an asset that can appreciate over time.
One way to do that is to downsize into a less expensive home.
Depending on your financial situation and estate plan, you might borrow against your equity instead.
And its not just about the landlord or their vendors seeing your dirty dishes in the sink.
Its also the reminder that youre living under someone elses rules, in a home they own.
Each mortgage payment you make builds equity that increases your wealth and helps to secure your financial future.
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