Why rent when you can own and increase YOUR net worth by 45x? According to RentJungle.com, as of July 2016, average apartment rent within the city of of Atlanta, GA is $1595 with one bedroom apartments in Atlanta renting for $1343 a month on average and two bedroom apartment rents average $1757.
In a recent article by Keeping Current Matters, the Federal Reserve collected data across all economic and social groups. This was in the 2010-2013 time period and it showed that a homeowner’s net worth was 36x a renters. The National Association of Realtors’ (NAR) Chief Economist Lawrence Yun predicts that in 2016 the net worth gap will widen even further to 45 times greater.
Simply put, homeownership is a form of ‘forced savings. Every time you pay your mortgage, you are contributing to your net worth. Every time you pay your rent, you are contributing to your landlord’s net worth. The latest National Housing Pulse Survey from NAR reveals that 85% of consumers believe that purchasing a home is a good financial decision. Yun comments:
“Though there will always be discussion about whether to buy or rent, or whether the stock market offers a bigger return than real estate, the reality is that homeowners steadily build wealth. The simplest math shouldn’t be overlooked.”
It has been established that purchasing a home is a wise financial decision but how do you find the right community and a great builder? When searching for a new home community, the layout of the community is very important and you can relax knowing that Award-Winning Rocklyn Homes, one of Atlantas Top Homebuilders, is well-known for their Award-Winning plans, great community locations, and their excellent attention to detail.
Stonecrest in Lithonia / DeKalb County, GA features two-story townhomes with fabulous features such as granite counter-tops, hardwoods in the foyer, raised double vanity, garden tub and separate shower in the Master bath. Come home to a gourmet kitchen with island, Master with sitting room (per plan), Game room (per plan), large secondary bedrooms featuring spacious closets, and an 8 x 10 patio.
Stonecrest is in a great location, minutes from I-20 with easy access to Stonecrest Mall for great shopping, dining and entertainment not to mention easy access to Midtown, Buckhead, Downtown Atlanta, a short drive to Hartsfield-Jackson International Airport, plus close to Stone Mountain Park for year round events and activities.
Hurry-in and receive *$7,000 towards Closing Cost, Fenced Backyard, Blinds, Washer/Dryer & Refrigerator on your new Stonecrest home! *See agent for details.
Townhomes start from the Mid $100’s
Visit Stonecrest at 7600 Summer Berry Lane, Lithonia, Georgia 30038 – Get Directions