Monday, May 08, 2023
Homeownership vs Renting: Behind the Numbers
In this episode, Lauryn and Chloé are showing behind the numbers of renting vs buying a home. While many people think they are going to save money if they buy a house instead of paying rent, that’s not always the case. You will learn the important things to think about and what the numbers really look like.
In this episode, Lauryn and Chloé talk about:
- The real costs of buying a house
- How being approved for a mortgage doesn’t necessarily mean you can afford it
- Why “new construction” doesn’t mean no additional maintenance expenses
- Why your mortgage payment may not stay the same for 30 years
- Things to consider before deciding to buy a house
- The expenses involved in selling a house
- The importance of thinking about your other expenses and goals when thinking about homeownership
If you want to further connect with Lauryn Williams:
Instagram: @worthwinning
Twitter: @worth_winning
Facebook: @worthwinningfp
LinkedIn: @lauryn-williams
If you want to connect further with Chloé Moore:
Instagram: @financialstaples
Twitter: @finstaples
Facebook: @finstaples
LinkedIn: @chloemoore
Shared quote:
“Successful homeownership is not just putting people in homes, it's also making sure people keep their homes.” -Michelle Collins
RESOURCES MENTIONED:
Lauryn is hosting two Welcome to Wealth financial retreats this summer for young professional women. Want to go on an adventure and create a financial plan for your life? Learn more at the links below.
• Medellin, Colombia July 2023
• Bali, Indonesia August 2023
Hi, I'm Lauryn
Certified Financial Planner
Welcome to the Worth Listening podcast, where we focus on having positive and productive conversations about money.
Interested in being a guest on our show? Email us today at podcast@worth-winning.com! We'd love to hear from you.