One question that I always get asked is, "Is it better to rent or buy?" The answer is it's always better to own your home. So if you're on the fence, I wanted to share a few benefits of home ownership.
Positive Financial Investment
When you buy a home, it's a long-term investment. Your home will appreciate, and its value will go up over time. When it's time to sell, you’ll make money on the sale. When you rent, you're paying for someone else's home to increase in value.
Tax Benefits
Yes! Owning your home can have tax benefits. For example, you can deduct items like the interest you pay on your mortgage and property taxes, and when you buy a new home, you can deduct the fees you pay that year.
Credit Score Boost
Buying a home and paying your mortgage on time can help you boost your credit score.
Consistent Mortgage Payments
If you have a fixed-rate mortgage, your monthly payments will stay the same, making it easier to budget. Over the years, you're paying down on your mortgage, not someone else's.
Freedom to Make Changes
When you buy a home, you can make any changes you want because, well, IT'S YOURS! So make the home improvements that you want.
These are five reasons it's better to buy a home than rent if you can afford to buy now. I would love to discuss the many other perks with you.
If you need to sell in order to buy, let's talk about our
"BUY BEFORE YOU SELL PROGRAM"
If and when you're ready, I'd be happy to discuss finding your next home. Call me to schedule a talk.
