Many people around the world see homeownership as a significant milestone of adulthood. No wonder, a survey previously conducted by the TD Bank revealed that 84 percent of 18 to 34-year-olds dream of becoming homeowners someday.
If you are still renting your home and have not given homeownership some thought yet, then perhaps you can start looking for homes for sale in Clovis CA and make homeownership a priority.
While homeownership and renting have their own share of pros and cons, homeownership inarguably has far more long-term benefits than you can imagine. Having mixed feelings about buying a home is normal, but you can get past those qualms if you know how beneficial living in your own home can be not only for you but also for your family.
Here are 10 reasons why you should own a home now:
1. House prices increase over time, making home purchase a good investment.
For the past two decades, home prices in the U.S. have risen 3 to 6 percent a year. This trend will continue in the coming years. If you buy a home in Clovis CA now, you are putting your capital in a safe long-term investment where it is sure to grow.
2. You pay less tax.
If you buy a home now, you are likely to enjoy the greatest tax benefits. The newer your mortgage, the greater tax breaks you get.
3. You can sell your property anytime you please.
One of the benefits of buying a home is that you have a property you can rely on when you wish to upgrade into a larger home. If you want to avoid paying capital gains tax, you always have the option of selling your home and upgrading into a larger one.
4. You can do what you want with your home.
Owning a home means you can do anything you want with that home. When you rent a home, there are rules that you need to follow and there are changes you can’t just do, just because you are not the owner of the property. If you own the home where you live, you can design it as you please and party with your friends anytime you want.
5. You get to enjoy low interest rates.
Home loans are extremely cheap nowadays, so it is high time to buy a home. In fact, there are areas where your mortgage payment can even be far less than your rent.
6. Your mind is always at peace.
When you own a home, your mind is always at peace knowing that you don’t have a landlord to deal with. You also don’t need to worry about possible rate increases or about being evicted for not paying a rent.
7. You get a “forced” savings plan.
When you pay for your home each month, part of your payment goes to the principal of the loan, which you shouldn’t consider a cost but a savings plan. Since you are only like paying yourself, you are building equity.
8. You have a sense of security.
Owning a home will not only benefit you but your family as well. When you live in a home that you own, you know that you can live there for as long as you want.
9. You can have as many pets as you want.
There are rental properties that do not allow pets. If you are a pet lover, it’s heartbreaking that you need to let go of your dog or cat just because your landlord don’t allow them in their property. If you own the home where you live, however, you get to enjoy your pets without worrying about your landlord’s rules.
10. You get to live in the house of your dreams.
Owning a home lets you live in the house of your dreams. Since you are already living in your property, you have all the freedom to design it any way that you want.
If you have the means to own a home, don’t procrastinate. Let yourself and your family enjoy the benefits of homeownership before it’s too late.
If you are looking for Clovis CA homes for sale, call me today at 559-246-8991 and let’s talk about your options. I am Jason Nenadov, your top real estate agent in Clovis CA!
In case you can not view this video here, please click the link below to view 🏡10 Reasons Why NOW is the Best Time to Own a Home! on my YouTube channel: https://www.youtube.com/watch?v=7sx8gbPwCf4&feature=youtu.be