8 Benefits of Owning a Home

As we all know, buying a home can be a daunting task.  When it comes to applying for a mortgage, saving for a down payment, making sure your credit is perfect, then moving everything in, it’s no wonder people ask if it’s worth it!

So why is it that so many own homes? We feel as though the following reasons far outweigh the aforementioned complaints. Take a look…

1. Increased Community Involvement

When you own a home, you typically have more say on what your neighborhood does and doesn’t do, and you’ll also have a positive impact on the local schools, organizations and surrounding infrastructure!

2. Better Value

The upfront cost at closing can be a little pricey, but in the long run, owning a home is a lot cheaper than renting. Plus, interest rates are at an all time low right now!

3. Stable Monthly Payments

As most people know, the owner of your apartment complex can raise the rent when your lease runs out. In home ownership, you can lock in the same monthly payment that can last as long as 30 years.

4. Tax Benefits

There are many line items in home ownership that are tax-deductible! The largest most likely being the interest you pay on your mortgage.

5. Appreciation

Owning a home is certainly one investment that appreciates over time. Depending on the length of time you live there and market conditions, it can possibly increase in value by thousands of dollars over the years.

6. Modifications Galore

You have freedom to paint, redo, or remove whatever you want! Unlike living under a landlord’s control, owning your own place allows you to personalize as much or as little as you want.

7. Increased Sense of Privacy

Typically, houses are built quite a few feet from other homes and privacy fences are put up around the backyard. In apartment complexes, you’re usually sharing walls with your neighbors and can’t leave your home without running into your neighbor.

8. You Own It!

To say the least, when you own the house you live in, it brings you comfort knowing that you have control over your property and no one else does. You will always have a place to come home to!

If you would like to begin your home search today, we would love to assist you! Give us a call at (405) 410-9696 to discuss the first steps to find the home of your dreams!