Now May be the Perfect Time to Buy!
Buying a home is a major investment, possibly the largest investment you will ever make! Your Favorite Real Estate Team has the best realtors at the Lake of the Ozarks, and we are here to tell you why now might be the perfect time to buy your first home. Read on to learn more about home buying and give us a call to find your dream home at the Lake of the Ozarks.
Low Rates
Rates are low right now. In fact, the average fixed mortgage rate on a 30-year loan is 3.83 percent. FHA loans, or Federal Housing Administration loans, are even lower at an average of 3.22 percent. Now could be a great time to jump into the housing market and find the perfect place to call your own.
Build Equity
Home values very seldom depreciate in value. In fact, homes are considered an asset because they gain so much value over time. The Lake of the Ozarks is also a growing community, with more and more people living at the Lake full-time each year. Property values are consistently rising, and have steadily grown about 3-6% each year over the past twenty years or so.
Tax Benefits
As a renter, there are little to no tax benefits that you can take advantage of. However, if you are a homeowner, you can deduct property taxes and paid mortgage interest on your tax returns each year. That can help defray the cost of home ownership considerably.
Something to Call Your Own
When you are renting an apartment of rental house, you are very limited on changes and updates you can make to your living space. You're pretty much stuck with what you have from day one. While some landlords are more flexible, there are still usually a set number of colors to choose from when painting the walls, and transforming the landscape is almost always a no-go.
If you own the home yourself, you can do anything you want to it! Knock out walls and create an open concept living space. Hang heavy pictures with real nails instead of expensive sticky holders. Install a beautiful fence or plant a garden. The options are endless when the home belongs to you.
Stable Costs
During uncertain times, you can rest assured knowing that your mortgage rates cannot be arbitrarily raised by a landlord that is in need of more income... because there is no landlord! Owning your house can provide you with more control over your costs and living situation than living in an apartment or rental home.
Life at Lake of the Ozarks
If you are considering buying your first home, now could be the perfect time! Your Favorite Real Estate Team would love to help you make your dream a reality and find a place for you to call home at the Lake of the Ozarks. Life at the Lake is beautiful and full of fun, nature, and entertainment year-round. Give us a call to get started! 573-240-9052
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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