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:
Increase Value
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.
Predictable Costs
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.
Freedom to Customize
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.
About the Author
Rossy Figueroa
“Real estate” means so much more to me than simply buying or selling property...I believe it’s all about the people behind those transactions. A house would never be a home without them. That is why my first question to you will always be “what are your goals and how can I help you get there?”
Helping someone to plan and achieve their goals is just as important as listening to what they are. I know first-hand from over a decade of experience just how much it can take to make it happen. With honesty, diligence, and resilience, however, no hurdle is unconquerable. I can guide you through the entire process, always making you feel comfortable, informed, and in control. Like I said before, you are always the first priority.
I chose to partner with Berkshire Hathaway HomeServices Real Time Realty because, just like me, they realize that real estate agents are much more than salespeople. Every person and every goal is just as important as the last - and Berkshire Hathaway has all the tools and resources to get the job done.
It’s been an absolute privilege to meet some of you and help you achieve your goals. I can’t wait to meet the rest. Whether you’re looking to buy, sell, or both, I am confident that I am the last agent you’ll need. A better future awaits...give me a call and let’s get started!
