Angel Auckland, Broker

Building equity is one of the potential advantages of buying a property compared to renting. When you own a property and make mortgage payments, a portion of those payments goes towards paying down the principal balance of your loan. This gradually increases your equity, which is the difference between the property's market value and the remaining mortgage balance.

Renting, on the other hand, does not offer the same opportunity to build equity. Rent payments typically go towards the landlord's expenses and do not contribute to any ownership stake in the property.

Building equity can have long-term financial benefits. As you pay down your mortgage and the property's value appreciates, your equity increases. This can provide you with options such as borrowing against your equity or selling the property for a profit in the future.

Ultimately, the decision between building equity through homeownership or renting depends on your individual circumstances, financial goals, and personal preferences. It may be helpful to evaluate your long-term plans and consult with a Real Estate Professional to determine the best option for you.

If you are interested in potentially building equity, do not hesitate to reach out to me, I would love to help you in your home buying journey.

Now a little about myself, I'm Angel Auckland, I was born and raised here in the wonderful Skagit Valley. I'm a wife and a mother to a little boy that's a year and half old. I love spending time with my family, going to the beach or the lake, having some good food, and enjoying life.

I grew up in a little town called Birdsview, just outside of Concrete. I graduated from Sedro-Woolley High School not all that long ago, and now live in Sedro-Woolley with my little family.

I am only just starting my real estate career this year, but I am ready and eager to help you in any way I can with your needs and goals in real estate. I am here to make your transaction as smooth and easy as possible.