For all of those whose dream is still owning their very first home. This is the perfect time to do just that.
Here are 10 reasons why.
1. It’s the best time to buy because interest rates are at historically low right now. Getting a Home this time will get you to pay less for your loan in smaller and more manageable amounts.
2. Second is the mortgage interest reduction, better grab this great tax advantage as this may not be available for much longer.
3. Third is stability, studies have shown that there is an increase in community involvement in homeownership. This in turn leads to safe neighborhoods and higher graduation rates.
4. Homes are now affordable, in conjunction with the low interest rates; affordability is on its highest in years. As prices fall in many areas while income rose to a median, this only means one thing getting a lot more bang for your buck.
5. Fifth is getting what you paid for in the future. Consider this as an investment of something that you’ll eventually own in the future. Renting by the way is only making your landlord richer and in the future you still don’t have anything of your own.
6. Appreciation rates widely vary depending on the condition of the local market and demand. So, the longer you stay in your home, the more your home will be worth in the future.
7. As what I said in the last sentence of building of worth over time means you need to make improvements to your home and in turn you will be able to tap into its equity to finance repairs and additions.
8. Going Green, right now a lot of homes are embracing organic movement. Like the Whitehouse they now have it own victory garden where they get fresh produce. In short, owning a home give you the chance (in most cases) to cultivate your very own land.
9. Knowing where you belong is something the young and old look forward to. So take the first step to put some roots down. In the long run this will spell the difference between a house and a home.
10. And lastly once your home is paid off, you won’t have to worry about your monthly bill and your expenses will be at the minimal.
So what are you waiting for, take a look around and you might just find a home that you can call your own.
Thanks for reading our Rochelle Allison Real Estate Blog!
Relocating to the Twin Cities? Contact the Rochelle Allison Real Estate Team for information on moving to Saint Paul and Minneapolis. 651.259.4683
Posted By: Rochelle Allison – Merriam Park Real Estate Agent – REALTOR specializing in Saint Paul and Minneapolis Real Estate. 651.259.4683
