This Week's Homebuyer Tip From Catherine Mitchell, The Intentional Realtor®™

Homebuyer Tips

From Catherine Mitchell, The Intentional Realtor®™,

“Owning a home can be 44% less expensive - than paying rent in many markets”

It’s no secret that there are many advantages to owning your own home. You can also decorate it to your liking, from painting walls, to expanding or simply adding an additional room.  Pets are always welcomed too, with no landlord to restrict what your heart desires. And in most cases, owning a home can be less expensive than paying rent.

Owning a home can be 44% less expensive:

Buying is the smart choice. When you buy a home you’re building equity, creating lasting wealth, and increasing your net worth.  There are also tax benefits that come with owning your own home in the form of a mortgage interest deduction.  Also depending on how well you maintain your property, it has the ability to appreciate, (grow in value), which is a huge benefit; should you ever decide to sell.

Rent costs on the rise:

Rent is on the rise, and in many cases will increase every time you decide to renew your lease.  However, in a mortgage loan, you’re locked into the same monthly payment for the duration of the loan, be it fifteen or thirty years; with no worries of it ever increasing.  In-fact, a person with excellent credit may qualify for a low interest rate loan which in turn has the benefit of making your monthly payments less expensive.  Also, mortgage payments have the ability to stop in time, while paying rent can last forever.

You have options:

Why put up with the worries of a potential monthly or yearly increases in rent when you can make the same consistent and in many cases lower payments every month through home ownership?  It simply makes sense to live with the comfort of knowing that the home you live in is yours.  You’re the landlord and can paint that room if you want as well! Life’s amenities are just waiting for you in your very own home.

Connect with Catherine:

As the The Intentional Realtor®™, my job is to make sure that you eventually feel the pride of being a home owner, which is why securing a good Realtor® is in your best interest to help you get the home of your dreams. 

  

For this and more real estate needs by the The Intentional Realtor®™, connect with me, Catherine Mitchell, at (704) 898-0605 http://www.catherinemitchellrealty.com/

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