KM Realty Group LLC Chicago

Some Highlights If you’re planning to list your house in 2025, it’s already time to  start working   on any repairs. But where do you start? Your local agent will be able to help you prioritize projects that will help you get the best return on your investment and appeal to what  today’s buyers  really want. If your goal is to  sell your house  next year, let’s connect with  real estate agents  from KM Realty Group LLC so you know what to start working on now.

Imagine two individuals: one rents a cozy apartment in the heart of Chicago, while the other owns a modest home in a nearby suburb. Both live comfortably, but their financial futures could look dramatically different. The reason? A huge disparity in net worth  often exists between renters and homeowners. Let’s explore why this gap exists and how it impacts long-term financial security. Homeownership as a Wealth Builder Owning a home is often considered one of the most effective ways to build wealth. Here’s why: Equity Growth Each mortgage payment contributes to building equity—your ownership stake in the property. Over time, as property values rise and your mortgage balance decreases, your equity grows, directly increasing your net worth. Appreciation Real estate values tend to appreciate over the long term. In cities like Chicago, homeowners have historically seen steady property value increases, turning their homes into valuable assets. Forced Savings A mortgage acts as a form of...

Some Highlights If you’re torn between renting or buying, don’t forget to factor in the  wealth-building   power of homeownership. Unlike renters, homeowners gain equity as they pay their mortgage and as home values rise. That’s why, on average, a homeowner’s net worth is nearly 40x higher than a renter’s. Let’s connect if you want to learn more about the financial benefits of homeownership or the programs that can help make buying possible.

Some Highlights Even if you’re not looking to move right away, you may have questions about how the election will impact the housing market. When we look at historical trends, combined with what’s happening right now, we can find your answers. Based on historical data,  mortgage rates  decrease in the months before and home  prices  and  sales  increase the year after the election. The  facts show Presidential elections  only have a small and temporary impact on the housing market.