Why You Should Consider Purchasing a Home
3 minute read
Let's start by looking at the known benefits of home ownership:
- Owning a home is an investment
- Build Equity and Generational Wealth
- Security, Stability, Privacy
- Often Cheaper than Renting
- Making a Purchase is Simple
There is a saying that all millionaires have one thing in common... they made their money in real estate.
Now we are not saying you'll get rich, but we are saying that home ownership is generally a safe and fruitful investment. And, well, you have to live anyway. So for those of us who are willing, home ownership provides an excellent return on an investment that we are already making.
There are many factors that go into home ownership. Therefore, you'll want to do thorough research on the age of the home, its systems, location, and--of course--the main items regarding upkeep that you will need to supervise during ownership. Taking care of a home and maintaining its value requires a bit of time and forethought, but don't let the prospect be daunting.
There are tools available to help first-time home buyers! Specialized loan types allow you to purchase a home with little or no money down, and they allow you to maintain manageable and predictable monthly payments. Of all the positive aspects of home ownership, we find the must alluring to be the securement of your future retirement through the creation of equity.
While rent is sure to continue to rise, you might benefit greatly by doing a little research into the purchase of a home and the benefits thereof.
“Success in real estate starts when you believe you are worthy of it.”
― Michael Ferrara