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Benefits of Homeownership Beyond Equity Growth
When purchasing a home, many homebuyers focus on the long-term financial benefits of ownership. As their property value increases and their mortgage balance decreases, there’s an opportunity to earn equity. They can later sell the house and use this equity to purchase a bigger home or use money from the sale to supplement their retirement income. But even though a home can be a rewarding long-term investment, the ability to earn equity isn’t the only reason to purchase a property. Here are four additional reasons.
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