For many Americans, purchasing a home is their largest financial buy, so here is a 2021 look at why to buy instead of rent.
According to experts at a personal finance website pride of ownership likely is the number one reason for buying a home. Owning allows more freedom to create living spaces tailored to personal tastes which renting often prohibits. With families spending more time at home, the pandemic created a desire for homes tailored to meet specific needs like a home office or gym. Families see owning a home as an opportunity for long-term stability allowing them to develop roots in a neighborhood and community. While renters can be uprooted by property owners who choose not to renew leases, homeowners have time to get to know their neighbors, develop lifelong friendships, and invest in schools and organizations that make up the fabric of our society.
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