Homeownership

It’s time to take a leap with Homeownership… one of life’s greatest joys!
Reasons that homeownership is so sweet!

You Build Equity with homeownership. When you pay rent, the money is gone and you never see it again. Buying a home does come with some initial costs like a downpayment, closing costs, and inspections. With time you will make that money back and build equity in your home. Historically, homes appreciate by about 4 to 6 percent a year.  For the areas that have seen harder times since the recession, experts feel that the housing market will recover. Homeownership is about building long-term wealth. A home bought for $10,000 in 1960 is most likely worth 10 times that in today’s market.

Owning a home builds relationships. Renters tend to see their neighbors come and go quickly. Some people sign year leases while others are in the community for much shorter terms. Apartment complexes also tend to have less common shared space for people to meet, greet, and socialize. Homeowners have yards, walking trails, sidewalks  where they can get to know each other. Neighbors stay put much longer (at least three to five years giving everyone time to develop relationships. Research has shown that people with healthy relationships have more happiness and less stress.

Most people buying homes today know that a fixed-rate is the way to go. This means your payment amount is fixed for the life of the term. If your mortgage payment is $650 today, then it will still be $650 a month in 15 years. It’s much easier to budget and make financial plans.

Homeownership means you “own” your own home.  You can do what ever your little heart desires…renovate, update and paint. You can landscape, plant trees, put in a pool, add a patio or deck.  Wow the neighborhood with your  holiday decorating. The bottom line is,  this is your home and you can personalize it to your own taste. Most renters are stuck with the same white walls and yucky carpets that have been standard in apartments  for years.

Great interest rates!   Interest rates are at historic lows 3.5- 4% instead of 6.5% or higher. Huge savings for buyers. Since the recession the Home prices have lowered, making homes more affordable than ever. The market has become a “buyers market” …If you have steady income and some cash for a downpayment, (actually there are even programs with little to no money down)

Give me a call so we can talk about what homes in our area would be a good fit for you. Let’s get you into a home that is right for you! Call Cindy at 585-393-9919 or email cindy.lakebreeze@gmail.com