Many people in the United States enjoy the ease of renting instead of homeownership. This is because many individuals and families don’t have complete insight on the benefits of mortgaging. Michael Nierenberg wrote an article that touched base on the advantages of owning a home.
As the head of one of the premier investment firms in the country, Michael Nierenberg has attained much knowledge about mortgage investing. He states that many people see homeownership as a confusing situation; but it is one of the safest investments a person can make. One of the benefits of homeownership that Michael Nierenberg mentions is increased privacy. This is something that is minimized if you’re a renter; in most cases. Another benefit that he elaborated on was increased property value. This is a big factor for homeowners who plan to sell their house in the future. As Michael Nierenberg expresses in a recent article, when you own your house, you can make home improvement customizations; that can ultimately raise your home’s market value.