Investing in a home is both an emotional and sustainable investment. It is the place that will provide you with shelter and security and it is also the precious space you will spend your days and nights in you will call home and make memories in. In this article we are bringing you 5 reasons why you should invest in a home. We will also link you to 3 of our amazing agents that you can get in contact with to simply ask questions, or if you’re interested, start browsing homes that meet your financial and location needs. Let’s dive in!
1. Modify Freely As Your Needs Grow
One of the greatest qualities of owning a home is the ability to transform your home into whatever you need it to be as you and your family grow over the years and needs change. An example would be the unexpected pandemic of COVID-19. This pandemic has made a big impact in remote working. During lockdown, we were able to work from the comforts of our own home. Of course everyone made due with the space they had, but those with a home office were able to sit down comfortably and have a proper working environment and space. Qualities that make a great home office include space, being closed off from active and noisy areas of the home and windows to invite lots of natural light in.
2. Enjoy Increased Privacy
In an apartment, it’s easy to feel overly cautious of the noise you make in having neighbors on your left and right, and below you and above. With your own home, you can relish in increased privacy, something apartments can’t offer. This increased privacy comes with increased space as well which is another win to collect in having a home versus an apartment.
3. Enjoy Tax Benefits
Some tax benefits you as a current or future homeowner can expect to benefit from include deductible interest in many cases, the amount you pay in property taxes is deductible, collect tax deduction points over the period of your loan, PMI (private mortgage insurance) can be deducted in some cases and if you work at home you can deduct your home office expenses and the space that is used.
4. Pay Predictable Monthly Payments
In renting an apartment, tenants can expect to have some amount of increase to their rent every year as the cost of living increases. In owning your own home you can find financial comfort in having predictable monthly payments, avoiding the annual increase in home finances that apartment renters find themselves in.
5. Take Pride In Ownership
The last reason on our list as to why you should invest in a home is that you get to take pride in ownership. Feel great about owning the precious space that you call home, being able to modify it freely as your needs grow and enjoying increased space and privacy.