7 Reasons to Buy a Home Now
Buying a home is a huge step. This will be more than likely the largest investment you will ever make. If you have been sitting on the sidelines, now is the time to jump in the game. Your Favorite Real Estate Team is excited to tell you why now is the time to buy a Lake of the Ozark home.
As you can see there are many benefits of owning your own home. When you are ready to get started finding that dream home, call on Your Favorite Real Estate Team. We know the Lake of the Ozarks real estate and will guide you through the process with our experience and professionalism.
1.) Building Equity
Buying a home is one of the best investments you can make. Unlike most big purchases, homes very seldom depreciate. For the past twenty years, house prices have risen three to six percent a year. Hard to find that kind of return elsewhere. With that trend likely to hold true, buying a home now is a safe place to put your money.
2.) Rates are Low
Just a few days ago the average 30-year fixed mortgage rate fell to 4.06 percent. That’s the lowest mortgage rates have been in almost a year and a half. You can find 15-year rates under 3.50 percent. With rates so attractive, now is the time to get serious about finding that new home.3.) Stability
Not only can owning a home give you pride of ownership, but it will also give you stability. Stability knowing that the landlord won’t raise the rent or sell the house and you must pack up. Being a homeowner in a neighborhood of other homeowners will also lead to a sense of community.4.) Tax Benefits
As a homeowner, you will be able to deduct property taxes you pay as well as mortgage interest. This can be a huge deciding factor over renting where you don’t have that ability.
5.) The Home is Yours
Want to make the place yours? Now you can. If you want to paint the walls pink, have at it! Being the owner of the home allows you the ability to do with it what you want without having to ask permission.6.) Forces Saving
More than likely you put a chunk of cash down when you bought the house. With that, you have already had some equity made. As we already talked about a home building equity with home prices increasing every year. By making that payment on your mortgage monthly it is forcing you to put money away. As you continue to pay down on the mortgage you are investing in your home and when you decide to sell or pay off the mortgage you will have a lot to show for it.7.) Rent Is Rising
The cost of rent is on the rise! Landlords will regularly raise the rent because of costs to maintain the property and to match the cost of owning. Let’s take that rent payment, put it towards the home of your dreams, and reap the benefits.
As you can see there are many benefits of owning your own home. When you are ready to get started finding that dream home, call on Your Favorite Real Estate Team. We know the Lake of the Ozarks real estate and will guide you through the process with our experience and professionalism.
CONTACT ED SCHMIDT FOR ALL YOUR LAKE OF THE OZARK REAL ESTATE NEEDS
Ed Schmidt, REALTOR
752 Bagnell Dam Blvd. Suite A
Lake Ozarks, Mo 65049
Phone: 573-240-9052
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