If you have been thinking of buying a home, you probably have heard that buying a home is a good investment! And, of course, they are 100% correct! If you are renting, you probably are getting notices that rents are rising as much as 35% upon renewal! And always remember, when you make that mortgage payment you are really helping the landlord build up HIS equity and HIS net worth, not yours!
But outside of the great investment reason for buying a home, there are lots of other reasons you may be thinking of buying a home, even with the rising interest rates we have seen in 2022! So here are some great reasons why owning a home is a good idea!
LET'S YOU DISPLAY YOUR UNIQUE PERSONALITY!
I find that the things that give me the most comfort in my home are the gardens that I put in my yard, the colors I paint the rooms in my house, the renovations I can do! If you are renting, you definitely won't be able to do that! And the best part? When my mood changes, I can also change the colors on the walls, the flowers in the garden, the decor of my front yard!
A HOME CAN BE YOUR PLACE OF COMFORT!
When you come home at the end of the day, you have a place that you can relax in! It is your place to leave the world behind and just find peace in the home you have created - the home that is not like any other home out there!
A HOME OFFERS PRIVACY AND SPACE OF YOUR OWN!
When you close the door behind you at the end of the day, you leave behind the neighbors. If you are in an apartment, you may be hearing neighbors, you may be hearing arguing in the hallway! With your own home, you make the rules of entry, you make the rules! Don't want to listen to the movie next door? With your own home, you don't have to listen to unwanted noises!
A HOME REFLECTS YOUR EFFORTS & SUCCESSES!
You saved up for years to buy a house and now it is yours! Why not show off what you have accomplished to friends and family - hosting the Thanksgiving dinner in your large dining room, having friends over each summer for cookouts on weekends, even having family spend overnights in your spare bedroom! These things - and more - are probably things you could not do in an apartment!
A HOME LETS YOU CONTROL YOUR FUTURE!
When you own a home, there is that pride of ownership feeling that you don't get from renting! The home you own is the home that you can raise your kids in, that you can adopt pets if you want, you can customize the space the way you want without worrying about the landlord!
A HOME LETS YOU BE PART OF A COMMUNITY!
When you own a home in a neighborhood, you begin to meet other neighbors. There may be some renters in the neighborhood but mostly you will meet homeowners, many of whom may have been in the neighborhood for a long time. You may have get-togethers in the summer, spend time at the school meetings if you have kids, and you will probably get involved in what the county is doing that will affect your neighborhood! With renting, you will not necessarily feel that you are part of the community as many of your neighbors will be there only short term!
A HOME LETS YOUI PRIORITIZE THE NEEDS OF THOSE CLOSEST TO YOU!
This morning I watched the HGTV show House Hunters and it showed a family of 4 living in a 1 bedroom condo! They have finally saved up enough money to move into a single family home of their own! The whole family was involved in the search - they wanted their own bedrooms, a pool, a large dining room, close to family! The condo did not give them all of this, but the house that they eventually bought was the right house and met almost everyone's desires in the home! With renting, you are not going to be able to always choose the right place that will satisfy everyone's needs!
FINALLY, A HOME IS A GREAT INVESTMENT IN YOUR FINANCIAL FUTURE!
If you have owned a home recently, then you know that prices have increased every year by almost double-digit percentages! And that, of course, is not something that can be sustained every year! But over the long run, a house that is appreciating at a normal 3% to 5% each year is a great investment in your financial future! And if you do some smart renovations and upgrades along the way, you will increase the value of your home! Making 1 extra payment every year will also help to build up your equity in the house! This allows you save for retirement, to save for the kid's college educations, to save for travel in the future, to move when your family's situation changes!
So, as you can see, there are some great reasons for buying your own home! But I know that 2022 has been a tough year for real estate buyers! But as the market shifts, it may be the best time, even with rising interest rates, to find that home that you can call your own!
If you are thinking of making a move towards home ownership, let's connect and explore your options! Sitting down and discussing your options won't cost you a thing and it could help answer the question as to whether or not now is the time to move! Feel free to call or text or email me!