SEE OWNING AS AN INVESTMENT
You are investing in you and your family’s future. You are gaining an asset.
CHANCE TO BUILD EQUITY AND CREDIT
You have a safety net in case of emergencies. Build your credit for more financial stability and better rates on the things you want.
SMARTER/CHEAPER THAN PAYING RENT
In most situations, paying rent is way more expensive than buying. In essence you are paying your landlords mortgage and building his equity and credit.
NOBODY CAN TELL YOU NO
Some rentals come with a hefty list of do’s and do not’s. You don’t have to ask permission to paint or put a nail in the wall. And you don’t have to ask permission to have a pet.
RAMP UP ENERGY EFFICIENCY
Save money and get tax breaks just for making your home more energy efficient. Buying those new windows for your home may be written off at the end of the year.
NO LANDLORD CAN KICK YOU OUT
Suppose your landlord decides to up and sell the house you are living in. You may have no choice but to leave, putting you in a unexpected financial burden you could have avoided by owning.
Owning a home not only is cheaper then renting, it forces you to save money at the same time. Your monthly payments are going towards equity that you can tap into for retirement, college expenses, etc. whereas rent just flies out the window.
STEADY PAYMENTS THAT WON’T GO UP
Unlike rent where the landlord can increase rent on a whim, with a fixed mortgage payment, you know exactly what to expect each month and each year.
IT WILL BE YOURS
You can have the kitchen and bathrooms you want. You can move the walls, build an extension–zoning permitted–or paint everything bright orange. You’ll feel better about your own place if you own it than if you rent.
IT’S RISK CAPITAL
When the economy is booming, real estate prices will head up. Equity in a home is another way of linking part of your portfolio to the long-term growth of the economy–if it happens–and still managing to sleep at night.
Information subject to change at any time. See a new home sales associate for details.