BERGENFIELD NJ HOMES FOR SALE | The True Cost of NOT Owning Your Home

Dated: 10/08/2018

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BERGENFIELD NJ HOMES FOR SALE | The True Cost of NOT Owning Your Home

Bergenfield is a borough in Bergen County, New Jersey. 

When making a decision about buying real estate in Bergen County New Jersey, you should consider Bergenfield as one of your top choices. With a strong economy and affordable housing, it has become a very popular place to live. 

Affluence with a taste for old world charm is part of the reason many of Bergen County’s older homes have been carefully preserved for the enjoyment of new residents alike.

The American dream is always changing, and real estate professionals are doing their best to keep informed about an area in order to sell or buy homes. As a Real Estate Agent specializing in Bergenfield NJ, I have identified this market and all its growth over the years, I’m well informed about the changes, schools rankings, amenities, transportation and future construction in all the areas surrounding Bergenfield Homes. 

Today, I would like to share something with you The True Cost of NOT Owning Your Home

Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for the entirety of America’s existence.

Realtor.com reported that:

“Buying remains the more attractive option in the long term – that remains the American dream, and it’s true in many markets where renting has become really the shortsighted option…as people get more savings in their pockets, buying becomes the better option.”

What proof exists that owning is financially better than renting?

1. In a previous blog, we highlighted the top 5 financial benefits of homeownership:

 * Homeownership is a form of forced savings.

 * Homeownership provides tax savings.

 * Homeownership allows you to lock in your monthly housing cost.

 * Buying a home is cheaper than renting.

 * No other investment lets you live inside of it.

2. Studies have shown that a homeowner’s net worth is 44x greater than that of a renter.

3. Less than a month ago, we explained that a family that purchased an average-priced home at the beginning of 2018 could build more than $49,000 in family wealth over the next five years.

4. Some argue that renting eliminates the cost of taxes and home repairs, but every potential renter must realize that all the expenses the landlord incurs are already baked into the rent payment – along with a profit margin!

Bottom Line

Owning your home has many social and financial benefits that cannot be achieved by renting.

Source.. KCM Emily Millan Blog

Buying or selling a house in Bergenfield is sometimes complicated and some homeowners would prefer to avoid the hassle and leave it all to a professional agent that will guide you through the process. Allow me to offer these services to you when it comes to Bergenfield NJ . As a experienced Real estate professional, I’m here to take care of all your needs and offer you 100% full relocation assistance to this area.

Please feel free to call me at 646-256-2214

If you have any questions about the Bergen County, NJ don’t hesitate to give us a call at 646-256-2214. We will be happy to help you.

To reach me, please call 646-256-2214

 [email protected]

Thinking of selling your home? 

 HomeValuesInNJ.com 

Call or Text  646-256-2214  for more information. 

Thank You!

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