Owning a home is one of the smartest decisions you can make. Nothing else promotes a sense of honor and security quite like living in one’s own home. “A Man’s home is his castle” is as true today as when the phrase was coined in Roman times.
Home ownership has also proven to be simply one of the best financial decisions the average American can make, as homes tend to appreciate in value over the long term. Home ownership builds wealth and provides protection against inflation. Plus, if necessary, you can borrow against the equity built-up in your home. You should also ask your CPA or tax expert about the short and long term benefits of paying mortgage interest.
Think about this: what other asset increases in value the longer you use it? Another way to state this is: which is more valuable after ten years, your home or your car? You can further increase the value of your home by making improvements such as adding a pool or upgrading the kitchen or bathrooms. Improving your car won’t increase it’s value over time.
If you’re still not convinced home ownership makes good financial sense, ask yourself this: Are you really happy making your landlord rich? For more information or how to get started with the Home Buying process, please contact us. We are ready, willing and able to help you find the home of your dreams!