BUYING A HOME IS LESS EXPENSIVE THAN RENTING!
In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage throughout the 100 largest metro areas in the United States.
AS TAXAS DE HIPOTECA SALTARAM PARA 4%. E AGORA?
Na semana passada, as taxas de hipoteca saltaram para a marca de 4% pela primeira vez este ano, de acordo com a Pesquisa do Mercado de Hipotecas da Freddie Mac.
MORTGAGE RATES JUST JUMPED OVER 4%. NOW WHAT?
Last week, mortgage rates jumped over 4% for the first time this year according to Freddie Mac’s Mortgage Market Survey.
Reasons to buy your first house: the transition of renting to buying can often be a difficult one for the first home buyer, but the step can prove to have several long-term benefits. Although buying a property can be intimidating, it can promise stability and increase your personal wealth. When you’re considering buying your first home, there a few benefits to consider during the process.
Build Equity
Although most people don’t necessarily think about equity while they’re renting, it’s a benefit that comes with home ownership. Renting an apartment or house means losing money that you’ll never see again. Building equity with a property that you own can be returned to you when you sell the space. This is ultimately a ready-made savings plan that can prove to pay off in later years.
Customize the Space
Renters are often limited with how much they can customize the home and may even be prohibited from painting certain rooms. Owning your own home makes it possible to decorate it or make improvements, which will ultimately increase the value of the property. From installing a backsplash to upgrading the appliances, there are several ways that you can have more freedom to make the home truly your own without feeling limited. You can even enjoy putting a pool in the backyard or increasing your square footage for a larger space to accommodate your lifestyle changes.
Save Money
Owning your own home often means having a mortgage that is cheaper than renting each month. This can make it possible to save for trips, college tuition, or even for retirement. You’ll have more freedom with your finances when you have a mortgage payment that is often hundreds of dollars cheaper than renting a property each month.
Create Stability
The average first home buyer can benefit from purchasing a home by having stability with their new property. This makes it easy to start a family or avoid moving in the next year or two. It also means participating in community activities, getting to know your neighbors, and feeling at home in an area that you can make memories in.
Get Tax Breaks
Owning a home means taking advantage of several tax breaks that allow you to deduct the interest that you pay on property taxes or improvements that have been made on the property. This can allow you to save thousands of dollars each year due to deductions that are permitted by the U.S. Tax Code due to your home ownership.
You’ll Have More Privacy
Renting can make it difficult to live in a quiet environment or have privacy due to several other neighbors who may be living in close proximity to your unit. Buying a property allows you to have more space and distance from other people in the neighborhood without feeling cramped. You won’t hear people walking above your apartment or even having inside views of your home due to living on more property that will allow you to feel secluded.
