Advantages Home Buyers Have In Today’s Market

slerner Buyers , General , Real Estate FAQ's , Sellers Leave a Comment

7 Reasons Buying Beats Renting

  • Why Buying a Home is Better than Renting
    In most parts of the U.S., home buying is still a better decision than renting for people who plan to remain in the space for at least 4-5 years or more, both for financial and emotional reasons.
  • Price Security in Home Buying
    Your mortgage payment is one constant you can rely upon.  Price consistency offers the advantage of planning for the long-term future.
  • Investment – Cash-on-Cash Return
    For example, if you put a 20 percent down payment on a $100,000 house. The price rises 5 percent, to $105,000. You would earn $5,000 on your initial outlay of $20,000 – a return of 25 percent. This is known as cash-on-cash return, and homeownership can make this type of gain accessible to the average person.
  • Forced Savings
     A home functions as ‘forced savings,’ helping you build equity.  Each month, a portion of your mortgage payment is returned to you in the form of equity. The longer you own your home, the more equity you build – both via mortgage payments as well as in potential value increases.
  • Flexibility with Home Improvements
    As a homeowner, you can have the freedom to upgrade your home to your heart’s content – without carrying risk or ongoing financial commitment.
  • Pride of Home Ownership
    As a homeowner, you can take pride in crafting, personalizing and perfecting your home. The space can truly morph into a reflection of you, in a way that a rental property never could.
  • Neighborhood Connection
    As a homeowner, you’re more likely to become involved in your local community. There’s a stronger chance that you’ll join the neighborhood association, organize potlucks or block parties with your neighbors, coach a local sports league or volunteer at the local school.

If you are considering buying your own home and don’t know where to start, give me call, I can help you! Susan Lerner 281.437.5044

Read the Original Article Here: 7 Reasons Buying Beats Renting

About the Author