We are Conejo Valley Realtors and can help you with buying a home, achieving the feeling of property ownership.
Buying a home is one of the most important decisions any individual or family can make. As you decide, consider these six advantages to owning a home.
Feeling of ownership
Homeowners have better jobs, give more to charity, have children who get better grades, have lower divorce rates, and report higher rates of happiness than renters. Owning a home ties you to a community and makes it easier for every member of your family to shine at work, school, and home.
Live in a home you love
There are few things more important than the home you live in. It affects your mood on a daily basis, as well as the mood of your family members. When you own a home, you can alter it however you want. You can paint it your favorite color, put in the flooring you love, and make the yard into your paradise–all without asking your landlord for permission.
Stable, predictable payments
In most areas, rent is raised every two to three years, and often in unpredictable intervals. This can be a huge source of anxiety for renters. By securing a fixed-rate mortgage, you will know exactly how much you need to allocate towards housing for years to come.
Move up with the market
Since real estate always appreciates over the long term, the longer you wait to enter the market, the harder it will be (i.e., you will need more money). On the other hand, as soon as you enter the market, you ensure that your home will move up with the market, enabling you to purchase better and better homes as your personal wealth increases.
Mortgage interest is fully deductible from your federal tax return. Since interest makes up the most substantial portion of a monthly mortgage payment for the majority of the loan duration, a home is one of the most reliable tax shelters, and often the first step towards long-term financial security.
A home is one of the safest and surest ways to build up wealth over the long term. As you pay down your loan and your home appreciates, you will have an ever-increasing source of capital for retirement, education, travel–whatever you desire.
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