Today’s youthful adults can be expected to be fully occupied with meeting the demands of today’s challenging economic environment. Much has been written about the difficulty first-time homebuyers face. Since they are frequently unable to match the advantage current owners start with—the ability to parlay gains from the sale of a current home as the down payment for the next—it’s an uphill climb.
Palm Beach Gardens Real Estate in Building a Lasting Legacy
With that as an opening challenge, it’s small wonder that many give up and continue on the easier option: they just keep renting. If the monthly spend for renting is measurably less than the all-in cash flow cost of buying, the numbers can point in that direction. More often, it’s a tossup—or it would be, were it not for a couple of factors that make buying the better long-run choice. One of them is seldom taken into account: an extra advantage that belongs exclusively to home buyers.
The factor is “legacy”—the reputation you leave in your wake, after your course in this life has been run. To younger folks struggling to make their way in today’s economy, that may seem an abstract concern that has little relevance in their daily lives. But that is an attitude that may well change as the years pass when it becomes more apparent that there are very real and unsentimental reasons to take leaving a strong legacy a priority. Among those reasons:
- It is the concrete expression of how you choose to perpetuate your memory.
- It allows you to make a lasting positive impact on the world.
- In the here and now, the effort spent in creating a lasting legacy can foster a sense of purpose, motivating you to work for goals that are bigger than would otherwise be the case.
- It can become a source of inspiration that family and others can choose to follow—empowering them to create their own legacies.
Get In Touch With Your Mortgage Specialist Today
Those are more than abstractions—they encourage the kind of positive activities and contributions that do what can be a most rewarding result: being known as an individual who helped make the world a better place. For more on the role your Palm Beach Gardens real estate can contribute to building a lasting legacy to be proud of, call anytime at (561) 316-6800!
Do you know how much home you can afford?
Most people don’t... Find out in 10 minutes.
Get Pre-Approved Today
