It might be time to ditch your apartment and buy the house that you’ve been dreaming of.
Every renter knows that deep pit in your stomach when it’s that time of the month– time to hand over the bulk of your paycheck to your landlord. I don’t know about you, but my heart breaks a little every time I empty my bank account for a place where I can’t even paint the walls.
Sure, renting can be convenient: you don’t have to commit long term, and you get to call your landlord when a pipe bursts instead of figuring out what to do on your own. In the long term, though, renting is a one-way ticket away from financial prosperity.
Don’t get me wrong, I know not everyone can just ditch their apartment in exchange for their forever home. Homes are incredibly expensive these days, and only getting more so. But for those who do have the option and are still holding back, it’s time to phone a realtor and get to house hunting. Every month that goes by while you’re renting is a missed opportunity at building your own wealth long-term. When you own, you’re both building your credit and soaking in all of the benefits of your home price appreciation.
Now’s the time– the time to trade out steep, ever-fluctuating rent payments in exchange for a stable place to call your own. Getting to paint your walls whatever color you want is just an added bonus.