Thursday, December 26, 2024 / by Vic Markarian
There’s no doubt that owning a home comes with significant financial benefits. And this time of year is a great time to reflect on the other reasons why owning a home is so meaningful.
A house is more than four walls and a roof – it’s a place where memories are made, connections are built, and life happens.
From the sense of accomplishment that comes with owning your own home to the joy of creating a space that’s uniquely yours, the emotional connections we have to our homes can be just as important as the financial ones.
Here are some of the things that turn a house into a happy home.
1. It’s an Accomplishment You Can Be Proud Of
Buying a home is a significant milestone, whether it’s your first or your fifth. You’ve worked hard to make it happen and achieving this goal is a reason to celebrate. There’s nothing quite like stepping through the door of a home that’s yours and knowing you’ve accomplished somethink ...
Read More
home buyer, home seller, home buying, homeownership, los angeles, glendale, for buyers, buying a home, buyer tips 2024, real estate market 2024, homeowner tips 2024, rent vs. buy, tips to buy a house, move-up buyers, real estate tips 2025, glendale real estate agent, home seller tips 2024, homebuying, 2025 housing market, real estate advice for 2025, real estate trends 2025, buyer tips 2025, realtor in glendale, first-time homebuyer, renting vs. buying, the personal joys of having a home to call your own
Thursday, November 14, 2024 / by Vic Markarian
Granada Hills, CA – For over three decades, Vic Markarian has dedicated his career to transforming the lives of countless renters into proud homeowners. Drawing from personal experience, Vic recalls a pivotal moment from his childhood. “I remember my mom saying we were wasting our money on rent,” he says. This lesson inspired him to help others avoid the same fate.
In a market where annual rent increases are the norm, many renters unknowingly funnel hundreds of thousands of dollars into their landlords’ pockets over a decade. Vic emphasizes the advantages of homeownership: “When you purchase a property, you secure a fixed monthly payment for 10 or 30 years. Not only that, but you can also enjoy potential yearly tax deductions, and every monthly payment contributes to building equity.” As a top real estate agent in Granada Hills, CA, Vic makes sure his clients understand this crucial aspect.
Many families are unaware that owning a multi- ...
Read More
home buyer, real estate tips, home buying process, home prices, home buying, competitiveness, buyer's market, homeownership, pricing strategy, buying a home, buyer tips 2024, first time home buyers, homeowner tips 2024, rent vs. buy, homebuying, realtor in glendale, 2025 housing market, buyer tips 2025, first-time homebuyer, real estate tips 2025, renting vs. buying
Thursday, November 7, 2024 / by Vic Markarian
Trying to decide between renting or buying a home? One key factor that could help you choose is just how much homeownership can grow your net worth.
Every three years, the Federal Reserve Board shares a report called the Survey of Consumer Finances (SCF). It shows how much wealth homeowners and renters have – and the difference is significant.
On average, a homeowner’s net worth is nearly 40 times higher than a renter’s. Check out the graph below to see the difference for yourself:
Why Homeowner Wealth Is So High
In the previous version of that report, the average homeowner’s net worth was about $255,000, while the average renter’s was just $6,300. That’s still a big gap. But in the most recent update, the spread got even bigger as homeowner wealth grew even more (see graph below):
As the SCF report says:
“. . . the 2019-2022 growth in median net worth was the largest three-year increase over the histo ...
Read More
home buyer, home prices, home buying, buyer's market, homeownership, los angeles, glendale, buying a home, buyer tips 2024, first time home buyers, real estate market 2024, homeowner tips 2024, rent vs. buy, home equity 2024, move-up buyers, buying myths, housing market updates, glendale real estate agent, homebuying, renting vs. buying, the net worth gap you need to see
