Should I Buy a Home? [5 Reasons Why You Should Buy a Home]

Jun 10, 2020 8:27:29 AM / by Brett O'Daniell

Owning a home is more than having a permanent address. By investing in a home, you build financial stability, gain the freedom to create a home that fits your lifestyle, and play a role in strengthening your community!

Happy family posing on the couch together at home in the living room

 

Customize Your Space

In 2019, 73% of homeowners planned to renovate their homes to fit their lifestyle. As a homeowner, you would have the freedom to create your dream kitchen, customize your backyard to entertain family and friends, or design an office space you love! 

 

Build Wealth

An interesting real estate fact - Did you know that the median net worth of homeowners is 46 times higher than renters?  Investing in a home creates an opportunity to increase personal wealth and equity over time. The housing market creates more wealth and opportunity than other types of investments!

 

Impact the Community

As a homeowner, the community around you impacts your life - and you impact the community. That’s why you can and should advocate for policies that help strengthen your community and support homeownership! As an investor in the community, your ideas are taken seriously. 

 

Gain Financial Stability

With rent prices increasing 3% to 4% each year, investing in a home can stabilize your housing expenses. Mortgages can provide homeowners with steady and affordable monthly payments. The housing markets are proven to be the #1 most secure, long-term investment for single investors. By owning a home, you create the opportunity to gain financial freedom and stability!

 

Improve Your Neighborhood

Homeowners strengthen the communities they’ve settled in by being loyal customers at local business, investing in home improvements to increase the value of the neighborhood, and advocating for policies that support their community.

 

Becoming a homeowner means your are investing in your future, gaining freedom to create a space that fits your lifestyle, and helping to grow the community around you! 

When is the best time to become a homeowner?

2020 is proving to be full of opportunities for first-time home-buyers and seasoned investors. It is an excellent time to find your new home or property investment!

HomeTraq provides the superior home-shopping experience - Simply find your dream home in our exclusive listings database ➞ and then take a live-video tour of your dream home from the comfort of your living room or find meet a realtor with 3-5 minutes at the location! No commitment. No obligation. Totally anonymous. Totally free

Happy House-Hunting!

See Homes Now

 

 

Topics: home shopping, house hunting, touring homes, housing market, homes for sale, buying a home, online home buying

Brett O'Daniell

Written by Brett O'Daniell

Co-Founder of HomeTraq. 18+ years real estate and mortgage experience.

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