If you’re trying to determine whether it’s better to own or rent a home, there are many factors to consider. Both options have their merits and downsides. Owning a home might seem like the more overwhelming choice of the two, yet there are lots of reasons to consider it. Here are some of the major benefits to home ownership:
Buying a home is an excellent investment. The value of your property can increase naturally over time and even more so with every upgrade to your home. Even responsible upkeep can be enough to maintain and increase the value so that you can get a great price if you decide to sell. If your home is in a quickly growing area with popular schools, access to services and other desirable traits, you will hold incredible value by owning your own property.
When you own a home, your regular costs rarely fluctuate. While usage-based utility bills can certainly vary from one month to the next, your mortgage payment will always be the same. This makes budgeting easier and can help you prepare your finances. Property taxes and HOA fees are other examples of regular costs that you can expect on a set schedule.
Home ownership means you have complete flexibility with things like renovations and design. Rather than face restrictions and fees for painting the walls or putting up shelves, you can make those decisions yourself. You can tear down walls, build additions or even replace the roof at will. If your home has outdoor space, you can control your own landscaping design. Freedom to customize your home means the freedom to make it your own.
Home ownership is not for everyone. However, there are some excellent advantages to consider if you’re trying to decide on your next steps in real estate. Keep these things in mind to help you make the best choice.
Hi, I am Debra Calnan, I have been an active member of my community for over 30 years and I am so excited to be turning that community focus toward Real Estate. My decision to enter the field of Real Estate evolved from a life long love of helping others and a desire to be part of a business that helps guide them through one of the biggest investments of their lives. I enjoy helping people Sell their home and Buyers find the right home and guide them through the process to make those dreams become a reality.
I am down to earth, hard-working and a person of integrity. I am also dedicated to great client services. Allow Lamacchia Realty to guide you through the real estate process. We are here to help make the process go as smooth and stress-free as possible. We think of our clients like family and hope that our first transaction turns into a long term relationship where you will want to refer me to your family and friends.
