Why Buy Instead of Rent? A Series For First Time Buyers
Posted By Dave Tipton on July 9th, 2008
When you’re thinking about buying your first home, it’s essential for you to be confident in your decision to buy instead of rent. However, you may not know about the many great reasons to buy a home! Here are just a few of them:
- Smart Investment- When you invest in a home, it offers the possibility for appreciation in value. The equity becomes yours when you’re still paying off your mortgage. You even get to live in it while your investment matures.
- Tax Advantages- Since both mortgage interest and property taxes are tax deductible, homeownership can save you significant amounts of money every year at tax time.
- Planned Housing Costs- You decide how much you to spend on your home, including repairs and improvements. Unlike renters, homeowners with a fixed-rate loan can lock in their monthly housing costs. Click Here for More Info. http://www.tampabayrealtyprofessionals.com/ApplyingforaLoan
- Improvements Made to Suit Your Taste- You can choose which improvements to make to your own property, such as a deck, kitchen remodel, or new paint, instead of needing permission from your landlord. Rental, what you see is what you get.
- Pride of Ownership- Owning your on home is the American Dream. This is a feeling that can not be defined by words, but when you have it, you will know.
Five Common First-Time Home Buyer Mistakes
1. Don’t ask enough questions of their lender and end up missing out on the best deal.
2. They aren’t able to act quickly enough to make a decision and someone else buys the house.
3. They don’t find the right agent who’s willing to help them through the home-buying process.
4. They don’t do enough to make their offer look appealing to a seller.
5. They don’t think to the future about resale before they buy. The average first-time buyer only stays in a home for four to five years.
If you have questions about making the decision to buy a home, please feel free to call or email.
Click Here: BrandonDwellings@verizon.net
Dave Tipton, Broker- Diamond Dwellings Realty- Brandon Florida
813-653-1241
