Many people are hesitant to lock themselves into a mortgage or to
put all of their savings into a down payment. Committing to living in one place
for a long time might also seem unwise. However, there are several reasons why
buying a home rather than renting remains the wiser financial choice. Here are
five good reasons why buying a home is a better investment for your future.
1. Buying a home is a long-term investment.
Mortgage payments may be expensive and stressful in the short term. However, paying for a mortgage now will lead to a time when you're not struggling to
come up with monthly payments. If you rent instead of buy, you will always have
to worry about making monthly rent payments. 2. Rental rates will only go up.
Mortgage rates may be subject to some increases, but never as dramatically as
rental prices. For instance, if you take on a mortgage, you are only subject to
fluctuation for the duration of your mortgage. If you rent, you are subject to
housing price increases for the rest of your life. Buying a home now means you
won't have to worry about a sudden upswing in rental prices when you're living
off of a fixed income. 3. Monthly payments build equity.
Unlike rental payments, money put into a down payment and mortgage is never
really lost to you. Instead, it goes into building your equity. In other words,
it remains a financial asset in your ownership that can be liquidated,
transferred to your children, or used as collateral. Rent money, however, is
good for one month before it's gone forever. 4. Homeowners can make improvements.
Renters have little control over things like outdated fixtures that waste
water, in-efficient heating systems and outdated lighting, but they are usually
responsible for the utility bills. Homeowners can update heating, cooling, and
water systems and make their money back over the long-term by saving on energy
costs. 5. Homeowners can be landlords.
Buying a house as a rental property can provide a source for monthly income.
For those who are willing to share housing, renting out spare rooms can cover
the cost of a monthly mortgage payment. Owning a home means having a roof
overhead, and it can also be a good investment.
We understand that for many people, buying or selling a home is probably the largest investment decision that they will make in their lifetime. Halo Group Realty LLC thus became active in selling Real Estate in 2008 and was setup to make this process a simple and painless transaction. Your dedicated agent will guide you every step of the way to make purchasing or selling your home enjoyable and exciting… as it should be!
Today, Halo Group Realty LLC is at the cutting edge of technology in offering assistance to those in need of real estate services, and we have revolutionized the method of delivering education to consumers. Halo is established as the place for consumers to get the knowledge and assistance they deserve in the process of facilitating the Real Estate transaction, positioning you in the best possible situation to get the best price when you either to buy or sell. With leadership, innovation and forward thinking, Halo Group Realty, LLC is poised to make a huge impression in the real estate market while providing clients the keys to home ownership.
Our goal is to help make your dream a reality and take away all of the stress that goes along with purchasing or selling your home. Whether you are purchasing new construction, an existing home, or just an open space for future enjoyment, representation by a Halo agent is a valuable tool in making your dream become a reality.
Should you buy a home in your 20s?Good question.There's no single, sur
"Lynell Jones, you made us really feel good about our experience throughout the process. Your knowledge, questions to/for builders, lenders, etc. and going to bat for us is par none. We are grateful we found you! "