By: Rose Quinn and Zoelle Poyner
December 1, 2022
Owning a home has so many more benefits than renting. This blog describes five convincing reasons as to why you should own rather than rent.
5 REASONS WHY YOU SHOULD OWN:
1. Fixed Monthly Payments
-No more rent increases. When you own a house, you know exactly what you will be paying every month. You won't be caught off guard with a sudden increase in rent that comes along with added stress and budget alterations. When you purchase a home, you will be comfortable with monthly payments that will not change.
2. Increased Equity
-Invest in your future, not someone else's! As you continue to make your monthly payments, your equity will increase, allowing your home to become a valued asset. Your home may even end up being even more valuable than when you first bought it.
3. Possible Tax Breaks
-Interest on your mortgage and loans can be deducted from taxes, saving you money! $$ Talk to your tax accountant about possible tax breaks that you could qualify for.
4. A Personal Space that You can Make Your Own
-When you rent, landlords often have strict requirements such as limits to how many pets you can own (if any), painting any walls, landscaping, and more. This can be frustrating as your creativity is limited, and it may feel like the place you rent is just a sleeping place, rather than a home that truly represents you. When you own, you have access to a private property that you can decorate however you like. The opportunities are endless!
5. Move-In Ready Homes Available
-It can be exhausting looking at homes that seem to need a large amount of work done. Move-in ready homes have fully working plumbing, air-conditioning, a solid roof, working locks, and so many other qualities that are in prime condition. Nothing has been used before either, so you won't find unpleasant stains or holes that need fixing. All the work has been done for you; all you have to do is just move in!
Owning a home is so much better than renting, and it's more affordable than what most people think! Don't put it off, buy a home today! Start your new, home-owning life now!
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