Do you find yourself thinking, “I have been renting for long enough. Maybe it’s time to buy my own home?” The truth is, home ownership can have quite a few benefits — benefits that may help you make the leap!
First and foremost, owning a home can come with a sense of pride. From collecting the necessary financial paperwork to starting the home buying process to negotiating closing costs, the home buying process can be considered a rite of passage. Imagine the feeling of stepping across the threshold of a home that is yours. Paint colors are up to you and when it comes to flooring, you are in charge.
Home ownership secures your spot as a member of your neighborhood community. Most likely, your neighbors will be owners as well, meaning they too, have selected the same neighborhood to plant roots in. The security of knowing your neighbors are building a foundation for their families right alongside you may provide you with many restful nights.
Finally, there can be some significant financial benefits of owning a home versus renting one. Take a look at this handy comparison tool as you are contemplating the leap from renting to owning a home. Visit with your mortgage professional for added information on the possible financial benefits of jumping into the home ownership pool – then make your splash!