5 Great Things about Home Ownership

Homeownership is one of life’s supreme joys.  It’s time to not just get off of the fence yet LEAP off of the fence!  Here are some reasons why:

1)      Investment:  Paying rent is like throwing money down the drain.  Rather use Courtesy loans and buy a home securing your future. Landlord’s pockets get lined and the landlord reaps the benefits of you living w/in the home and paying rent.  Although purchasing a home may come with initial costs, you will make that money back over time as the market stabilizes.  Historically, real estate appreciates approximately 4%-6% per year and experts expect the housing market will recover.  Homeownership is about the “long term” investment.

2)      Ownership:  You own the home which comes with unbelievable benefits!  You can paint and decorate as you please and make the home “yours”.  Plant trees, install a covered patio—heck, after a short read on sites like https://willshapools.com/how-much-does-it-cost-to-build-pool/ you will see how it is feasible to add a swimming pool if you’d like—this home is yours and you can do as you please (make sure to check the HOA criteria if living within a community which contains an association).  Bottom line . . . you OWN the home and you have the ability to personalize it to your liking.  Most renters are stuck with bland paint and carpet and now it’s time to let your creative juices flow!

3)      Relationships:  When renting, one tends to see neighbors come and go quickly.  Some renters execute yearly leases while others “come and go”.  There is typically less common space for apartment renters to have the opportunity to develop friendships.  People that own their homes, however, typically have walking trails, club houses, pools and alternate areas which enable getting to know your neighbors.  Neighboring home owners typically stay longer (3-5 years) which allows time to develop relationships.  Healthy relationships equal less stress.

4)      Predictability:  Obtain a fixed rate mortgage and your monthly payments will remain the same.  This will allow you as the home owner to budget and make financial plans without any guessing on how much it will cost to live in the future.  Adjustable rate mortgages, on the other hand, provide a payment amount which is based upon the rise and fall of current interest rates.

5)      Great Deals:  It is such a great time to purchase a home!  Interest rates are hovering at historic lows (at or around 4%).  Home pricing is also at historically low rates.  These two factors equal enormous savings for those looking to purchase a home.  If you are currently renting yet have a steady income, call me today to discuss your options:  208-869-3469

Owning a home is still the “American Dream”.  Get off of the fence and into a home (your own home) today!