You may have heard some people say it’s better to rent than buy a home right now. But, even today, there are lots of good reasons to become a homeowner. One of them is that owning a home is typically viewed as a good long-term investment that helps your net worth grow over time.
You may be surprised to learn homeowners across various income levels have a much higher net worth than renters who make the same amount. Data from First American helps illustrate this point (see graph below):
What makes wealth so much higher for homeowners? A recent article from Realtor.com says:
“Homeownership has long been tied to building wealth and for good reason. Instead of throwing rent money out the window each month, owning a home allows you to build home equity. And over time, equity can turn your mortgage debt into a sizeable asset.”
Basically, the wealth you accumulate when you own a home has a lot to do with equity As a homeowner, equity is built up as you pay down your loan and as home prices appreciate over time Mark Fleming, Chief Economist at First American, explains how this same benefit isn’t true for renters in a recent podcast:
“Renters as non-homeowners gain no wealth benefit as home prices rise. That wealth actually accrues to the landlord.”
Source: FirstAmerican
Before you decide to sign another rental agreement, now is a good time to think about whether it would be better for you to buy a home instead The best way to figure out what makes sense for you is to have a conversation with a real estate expert you trust That professional can talk you through the benefits that come with owning to determine if that’s the right next step for you
If you're not sure whether to keep renting or to buy a home, know that owning a home, no matter how much money you make, can help build your wealth.
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While your bedroom is certainly the place you retr to when you’re exhausted, your bedroom des shouldn’t look tired. Your bedroom should feel relax when you fall asleep and inspiring when you wake u that isn’t the case for you, it’s time to make a change
Canopy beds became more popular in medieval Europe due to a need for both warmth and privacy in shared bedrooms. After central heating and personal chambers became widely available, canopy beds remained en vogue for the upper class and were often ornately carved. The style is still widely associated with royalty, so the addition of a canopy bed can truly elevate a space. Whether you go for an elegant fourposter with gold accents or a contemporary arched take on the traditional construction, you’re guaranteed a complete aesthetic overhaul.
Instead of an accent wall, consider highlighting your ceiling as a way to express creativity. In a modern glam room, hit your ceiling with a geometric pattern in a chic metallic hue. An organic striped wallpaper works well in a boho bedroom, while dark, monochromatic ceiling paint makes a statement in an eclectic space.
If you do want to dress up your walls, however, commit to a moody treatment on all four. Choose a deep color that you might normally pick for an accent (think: midnight blue, charcoal, or oceanic teal), then apply it to every wall and baseboard in sight. This will create an immersive atmosphere ideal for winding down.
Though pendants are typically reserved for lighting kitchens and dining rooms, you can save serious room on your nightstand and craft an unexpected, dynamic moment by hanging them on each side of the bed. This not only provides an opportunity to display bold, sculptural fixtures, but also accentuates the verticality of the room.
Whether you ' re a seasoned grillmaster or just starting your grilling journey, these summer grilling tips will take your backyard gatherings to a whole new level. From perfecting your grill setup to mastering the art of grilling different meats and veggies, let's dive into the secrets of achieving a sizzling barbecue season.
Selecting the right grill is the first step toward a successful grilling experience There are three main typesofgrills:charcoal,gas,andelectric.Eachhasits prosandcons,soconsideryourpreferencesandneeds beforemakingachoice.
Charcoal grills: These impart a distinct smoky flavor toyourfood,perfectforbarbecuepuristswhoenjoy amoretraditionalgrillingexperience.However,they require more time to heat up and involve more hands-onmaintenance.
Gas grills: Known for their convenience, gas grills heat up quickly and allow for precise temperature control They are great for beginners and those lookingforahassle-freegrillingexperience.
Electricgrills:Idealforapartmentdwellersorplaces with restrictions on open flames, electric grills are easy to use and produce less smoke However, they may lack the authentic smoky taste of charcoal grills.
Regardlessofthetypeofgrillyouchoose,preheatingis crucial. Preheating your grill for about 10-15 minutes before cooking will ensure even heat distribution and prevent food from sticking While the grill is still warm, useawirebrushtocleanthegratesthoroughly.Thiswill removeanyresiduefrompreviouscookingsessionsand minimizetheriskoffoodstickingtothegrill.
Evenifyouhaveanon-stickgrill,it'sessentialtooilthe gratesbeforeplacingthefood Thispreventsstickingand helpsachievethosebeautifulgrillmarks Useapairof tongsandafoldedpapertoweldippedinoiltorubthe grateslightly.Avoidusingcookingspraydirectlyonahot grill,asitcancauseflare-ups.
Marinating your meat and veggies adds depth and flavor to your dishes Prepare your marinades in advance and allow the food to soak up the flavors for at least an hour before grilling When seasoning, be generous but not overwhelming A simple blend of salt, pepper, and your favorite herbs can work wonders.
Understanding the right temperature for different types of food is crucial in grilling Invest in a good-quality meat thermometer to ensure your meats are perfectly cooked without being underdone or overcooked. For example, steak is best cooked at a high temperature for a short time, while poultry should be cooked thoroughly at a lower temperature.
Creating two heat zones on your grill can give you more control over the cooking process. On a charcoal grill, stack the charcoal on one side to create a high-heat zone and a cooler zone on the other side For gas grills, keep one burner on high and the others on low to achieve the same effect This setup allows you to sear your meat over high heat and then move it to the cooler side for indirect cooking.
Using the grill's lid can significantly impact the cooking process. Keeping the lid on traps heat and smoke, ensuring even cooking and enhancing the smoky flavor However, keep in mind that certain delicate foods, like fish,maybebetteroffcookedwithoutthelidtoprevent overcooking.
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