Buying a home can be a scary milestone, especially if you don’t know where to start. For many people, buying a house is not solely about investing but more about putting down roots.
When you own a home, it will be yours. You can have the kitchen and bathrooms you want. You can move walls, build an extension or paint everything bright red. Few landlords are so indulgent; for renters, these types of changes are often impossible. You’ll feel better about your own place if you own it rather than if you rent - and you’ll take pride in maintaining it and making it your own.
Homeownership has emotional benefits as well. You are more likely to be invested in a local community and develop relationships with new found friends and reliable support systems. There is also a sense of pride that owning a home invokes. Not to mention, the memories that will be made as your family continues to grow in a place you can call your own.
Of course, there is a plethora of financial benefits that come along with owning a home too. As a young home buyer, you’ll benefit from having a home as a way to store retirement funds, considering your home will likely be paid off when it comes time to retire. It will then, allow you to tap into home equity and reap retirement benefits in the later years. Or a starter home can become the investment you need to gain equity towards your dream home. Either way, smart buying can set you up for life.
Of course, buying a home is a big decision and shouldn’t be taken lightly. It’s best to crunch some numbers and ensure you can afford it. If you aren’t planning on staying in one location for a while, perhaps its best to purchase a condo or townhouse for now. If you find out that it makes the most sense for you, then get in touch with one of the trusted Realtors® at ART. We can help you define your path and set up your current affairs to meet your future goals!
Author:Justin Bell Phone: 907-343-9838 Dated: December 20th 2016 Views: 1,353 About Justin: ...