Advantages of Owning a Home
Advantages of Owning a Home
“There is something permanent, and something extremely profound, in owning a home.” Kenny Guinn
The American Dream! Owning your own home is one of those dreams. And one of the things I ponder on a regular basis is how you take possibly the biggest investment of your life and do not put yourself in the hands of professional to guide you? But I think that is a different blog for now. Let’s stick to the advantages of owning a home.
It is a big financial commitment but the benefits far outweigh the disadvantages. Things you need to know before you buy a home:
- Can you financially afford a home? Answer: Talk to a mortgage professional and get a plan in place for buying a home.
- Will I stay in the area long enough to make buying at this time a good investment?
- Will my finances continue to grow to cover future expenses that are entailed in owning a home?
What Are The Advantages Of Owning A Home?
- Greater privacy.
- It’s a good investment. Homes normally increase in value, build equity and provide a nest egg for the future.
- Your costs are predictable and more stable than renting because they’re ideally based on a fixed-rate mortgage.
- The interest and property tax portion of your mortgage payment is a tax deduction.
- There’s pride in homeownership, which also closely ties you to your community.
- No waiting on the landlord to get around to fixing the leaking faucet, you can do it yourself or hire someone to come in and fix it.
- You are free to decorate the home inside the way you want and mostly outside within the guides lines of your Home Owners Association.
Are you ready to buy now? Give a professional Realtor a call.
