Buying a home may be the American dream, but it’s also a monumental task that requires a lot of work. You need to get your credit fixed, apply for loans and scrape together enough money to make a decent down payment. And all of this needs to be done before you even start looking for your new home.
It’s a wonder why people put themselves through all of the trouble just to buy a home. It seems like it’s just one gigantic headache.
But there is a very good reason why millions of Americans go through the trouble of buying a home, because they know that in the end, it will be well worth it.
If you are looking for inspiration to start house hunting in Houston and calling your real estate agent at Bayou Properties, check out this list of reasons why buying a home should be on the top of your list of things to do.
Appreciation
Owning a home provides you with a valuable asset as well as financial stability. In owning a house, you have an asset that will in all likelihood appreciate in value over time. That house you bought for $400,000 might very well garner $500,000 in a matter of time. This makes buying a home one of the smartest investments you can make.
Buying a home is also a wonderful way to establish a financial foundation for future generations.
Predictable Payments
Whenever your lease expires and you need to sign a new one, there is always that chance your landlord could raise your rent. And they may do so by quite a bit. But as a homeowner, you have the ability to lock in at a steady interest rate and you won’t see much fluctuation in house payments for the next 30 years.
How about that? Buying a home means no surprises in house payments for 30 years.
Change Up the Look
When renting property, you have to check with the landlord should you want to do anything other than hanging a picture. Renters might wonder what their places would look like with a new coat of paint or new flooring, but there really isn’t anything they can do about it.
But if you own your own home and want to paint a room, go for it. In fact, go ahead and paint all of the rooms. And while you are at it, change out all of the light fixtures as well. If you are feeling like you could really do with a change, re-tile the bathrooms too.
As a homeowner, you don’t need permission to paint a room or replace the cabinets in the kitchen or replace that carpet with hardwood flooring.
Save Money
Sure, the upfront cost of owning a home might be a little steep, but the monthly outlay of owning a home is usually much less than renting. As the years pass, the cost of owning your home stays the same while people who are renting see their payments go up.
If you are ready to own your very own home, give Bayou Properties a call.
