Thinking about buying a home? What are you waiting for? Here are 5 reasons to buy a home now and they are pretty compelling. Buying a home means different things to different people. For some, home ownership is purely a wise financial investment. For others, a home is where families and friends gather and memories are made. Frankly, we agree with it all! Buying vs Renting a home comes with many benefits and there are many reasons why now is great time to buy a home – here are five.
1) Pure Appreciation.
Even though real estate markets go in cycles, investing in property has historically appreciated over time. There are a wide variety of ways to spend your hard-earned cash, like stocks, bonds and horse races…but real estate offers many financial benefits that make it a solid investment decision.
According to the National Association of REALTORS, “median single-family existing-home sale prices have increased on average 5.2 percent each year from 1972 through 2014. REALTOR Magazine also states that, “the number of U.S. households is expected to rise 10 to 15 percent over the next decade, creating continued high demand for housing.”
2) Snap It Up!
It is no secret that home inventory is down in many hot markets across the country, but don’t let that dissuade you from looking! Just because there are fewer homes for sale, doesn’t mean your dream home isn’t available. Know what you are looking for, work with a solid agent, and snap it up when you find what you are seeking. It’s an incredible “win” when it all falls into place. Sitting on the sidelines watching others succeed in real estate can be a real bummer. Go get yours!
3) Leave the Nomad Life Behind!
There are times in life where nomadic living can be fun. Try out different neighborhoods, maybe even other states or countries. Live in an urban center, rent a giant house with six buddies, immerse yourself in French culture! We encourage that. But there also comes a time in life where stability is refreshing. You know the local schools, parks, stores and other inside information. Staying put doesn’t have to feel like cement shoes – it can bring great contentment.
4) Sexy Tax Bennies.
The U.S. Tax Code is built on supporting home ownership. You can deduct the interest paid on your mortgage, property taxes, and some of the costs involved in buying a home. This never sounds hot until tax time, but then it becomes extremely If you are getting a little excited, here is more information from the Tax Policy Center.
5) HGTV and Pinterest are Ready for You.
When you rent, you are bound by your landlord’s rules. You often can’t paint the walls, select the bathroom tile and decide what flooring suits your lifestyle. When you buy a home – and depending on your budget – there are more resources than ever to inspire you to create the space that personifies you. Bright, cheery kitchen? Cool slate showers? A custom barn door? What have you recently seen on Pinterest or Fixer Upper reruns that gets your blood pumping? Making a house YOUR home is gratifying and fun.
If this list is motivating you to see what’s available in your neck of the woods, let TRELORA help. Now serving the Colorado Front Range and Seattle Metro Area, we believe you should get more than you pay for. Our mission is simple: full service real estate for a fraction of the cost.
When you hire a traditional agent to help you buy or sell your home, you pay that agent 3-6% of the home’s value. When you hire TRELORA, you pay one flat fee of $2,500.
Contact us and we can help you find the home of your dreams!