Why do Millennials Desire Owning Over Renting?
Millennials are innovative and strategic. Most of them are entrepreneurs and love the feeling of taking risks. The result of taking a risk in life is usually something that grows wealth. Purchasing a home or investment property is considered risky and millennials are all about it! A great mindset with purpose and a plan will take you down a successful road. With that being said, homeowners within the last 6 years are people under 35-years-old, according to The Census Bureau. This makes it clear that homeownership is becoming more important to Millennials. They want a place they can call home and at the same time grow long-term wealth.
Make Money or Waste Money?
Renting can be an important stage for getting your financials in order to buy a home. It's definitely imperative to have a plan of attack. On the other hand, renting long-term can just be a waste of your current and long-term money. Think about this... if you rent an apartment for $1,300 a month. You are paying $15,600 a year. That money is just disappearing when you rent.
When you purchase a home and you are spending $1,300 on your mortgage, you're putting money towards a long-term asset! You're investing in the future of your long-term wealth plan. Overall owning a property is an amazing privilege and opportunity. Especially when the value of your home increases the longer you own it!
Airbnb Income
Millennials also love purchasing properties because of the Airbnb opportunity. You can make money and/or have someone help contribute to your mortgage. It's a win-win for everybody. Your guests get an amazing experience and you're investing in your long-term wealth plan. Plus it's SO MUCH FUN!
How to Relieve Stress While Buying
Millennials are working the real estate market correctly! As the market continues to BOOM and the stress heightens think about getting a moving service to take the undesired stress off of your shoulders! Moving is one of the most stressful times we go through in life so hiring a company to do it for you is such a lifesaver!
Hiring Local Movers will Help you:
Pack and unpack everything in your home
Move safely yet fast
Load the moving truck
Unload the moving truck
Bless you and your new home
