What makes a home a home?
There is, of course, a sense of comfort and security that people crave. But home is more than where you rest your head, it’s also where you derive value. That’s part of what has made homeownership an appealing alternative to renting, where people can spend hundreds of thousands of dollars over the course of their lifetime and get zero value in return. In addition, it’s easier for owners to feel more invested in their community than renters because they are quite literally financially invested in its success.
But what if the comparison between renting and owning doesn’t have to be so black and white? Is it too much to ask to have the flexibility and other benefits of renting while also participating in the risks and rewards of ownership?
Ownership means not only getting financial value from where you live but also establishing a sense of pride and belonging to a community. The simple concept of ownership inspires you to protect, maintain, and beautify. You share this sense of responsibility and enthusiasm for the place you call home. There are all sorts of secondary benefits to owning in your community.
These sentiments shouldn’t be exclusive to homeowners.
Ironically, the same people who most need the value of homeownership are typically excluded because of financial burdens like student debt, increased costs of living, and rising home prices. Today’s environment is working against young people. Although millennials make up about a quarter of the U.S population, they control only 3% of the country’s wealth, according to a Federal Reserve study cited by CBS News. And now these same people, hamstrung by financial constraints, are forced to delay or forgo homeownership, missing out on one of society’s greatest wealth-building tools.
There is a better way
At Rhove, our mission is to expand access and opportunity for everyone to own in their community. We imagine a world where everyone has the right to participate in the risks and benefits of owning a piece of their community. A world where everyone feels a sense of belonging, engagement, and accountability.
That’s why we created Rhove, to completely rethink everything about renting vs. owning.
Properties offering Rhove reward you with cash for investing time and money into your home, all while maintaining the freedom and flexibility of renting. Unlike the traditional path to homeownership, ours is an easy and rewarding way to save, invest, and plan for the future.
Our platform is built to lower the barrier of entry to owning a home by empowering renters to earn a return from where they live. In turn, they achieve a real sense of ownership and community while benefiting from the amenities and flexibility that renters enjoy.
That’s truly the best of both worlds.
Learn more about Rhove, where we believe everyone has the right to invest in their home. Our mission is to expand access and opportunity for everyone to own in their community. If you’re in the market for a new apartment, check out all of the properties offering Rhove.