Home equity may be viewed as a long-term strategy to create a stable financial position. Unlike many purchases, like a vehicle, a home is a long-lasting, sound investment.
When renting, the money paid for your home goes to your landlord rather than increasing your financial nest egg. By buying and investing in the right home and property, you will have an asset to bring you personal satisfaction and financial opportunities. Additionally, building a home means you have the flexibility to pick a floor plan to fit your lifestyle and decorate your personal space without asking the landlord's permission.