While many have thought of renting a home for their family, we at North Beach Realty can tell you 5 reasons why owning a home is amazing! From putting your own personalization into your living spaces to turning it for a profit when you sell it. There are many reasons why many first-time home buyers can’t wait to find a house and make it into their home. Look below at our top 5 reasons why you must own your own home!
Your House, Your Rules
Unlike when you are renting a home or apartment, you can make your own rules for your own home. When you rent a home, you are unable to do what you want to the house such as changing the wall color to hosting parties if you want to. When you own your home, you can plant a big garden, fence in the backyard or even adopt a few pets. There is no one telling you otherwise of what you can and can’t do to your home. You are in complete control of what happens at your home!
Take Advantage of Those Tax Deductions
When owning your home, you can say it’s like an investment. While that doesn’t mean that you can reap the financial rewards up front, you can still take advantage of the homes benefits later on. Did you know that the IRS allows homeowners to deduct their mortgage interest, property taxes and capital gains each year from their taxes? That does seem to help all those who have homes and are wanting to purchase a home. You definitely can’t do that when you rent a house or apartment. Instead the actual homeowners get to reap the rewards while you live in their home. Owning your own home mean that instead of paying rent to someone else, you can reap the rewards year after year in your home.
Customize the Space
Another great reason of why owning a home is amazing is you can customize it to make it your own. If you’d like to set up the bonus room as a giant home theater with the high-tech equipment, you can. Whether you’d like to paint the living room a bright color, or want to redo the kitchen, it’s totally up to you. Owning your own home gives you the freedom to do just about anything you want to it. Plus, if you want to add some other high-tech home gadgets to it like a digital thermometer or want to install a home security system, there is not one stopping you. Have fun with customizing it to the way you want your home to look like.
When you purchase a home, that means that you can settle down and put down some roots in the area. Many new couples or families are always looking to settle down and purchasing a home is the way to do it. Find a neighborhood that you love, that you would like to see your kids grow up in. Finding the right neighborhood is just what every family long for and we can assist you in finding the right one that fits your family’s needs. We know where all the best family neighborhoods are if you are wanting to be in a great community.
Earn Money Back Once You Sell
It is a known fact that the longer you live in your home, the more equity you will have. And finding a home in a budding neighborhood today can really help with your homes appreciation. Doing home projects will also help building equity in your home, so if you see that project on Pinterest and say, I can do that, do it. Earning money back after your initial investment in your home can go a long way. When it is the right time to sell your home, we would be more than happy to help you sell it.
Homeownership can be a very rewarding experience especially if you have the right tools, resources and realtor. If you are considering in purchasing your first home, please give us a call and let’s talk about what your plans are. We hope that we at North Beach Realty can help you and your family find your first home before the holiday season!