June 2024 Real Estate News
TO FIND AN OPEN HOUSE IN GLENVIEW IL NORTHBROOK IL OR MORTON GROVE IL
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In the June 2024 edition of Real Estate News, we look at the smart choice of home ownership, tips for getting the most out of an open house, and fading design styles. We also look at national home sales trends and maximizing your landscape in tiny backyards. All of this and more in the June 2024 Real Estate News.
Investing in Your Future: The Smart Choice of Homeownership
Owning a home is at the heart of the American dream. However, in an era of economic uncertainty, the newest generation of homebuyers is nervous about taking the plunge. But are these fears justified? Whether you’re already a homeowner or considering taking that step, understanding the advantages of homeownership is crucial.
For Current Homeowners
If you’re already on the property ladder, you understand the value that comes with owning your own piece of real estate. Here’s why it’s a solid investment:
• You Build Value over Time: Investing in your property is like investing in your future. Every dollar you put toward your loan’s principal increases your equity?the actual ownership of your home. When you sell the property, you keep the equity as cash in your pocket, which can help fund a new home or finance a comfortable retirement. By contrast, renters lose every dollar they pay toward rent.
• Financial Stability: Financial predictability is a significant advantage of homeownership. While rent hikes are common for renters, homeowners with a fixed-rate mortgage enjoy stable payments for the entire length of the loan. When you’ve paid off the mortgage, the property will be yours, and you won’t have to pay to live somewhere.
June 2024 Real Estate News
Thank You and Have a Great Day
Marina Jacobson
Broker, SFRDirect: 847-510-5009
Cell: 847-361-5605
Fax: 847-510-5109
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