|
Benefits of
Owning your Own Home
We provide real estate services to buyers
and sellers in Pennsylvania (Berks County, Chester County, Delaware County,
Montgomery County, Philadelphia, Drexel Hill, Haverford Township, Havertown and Upper Darby) as well as in
New Jersey (Brigantine, Atlantic City, Ocean City, Camden County and Gloucester
County).
There are many financial and personal reasons why you should own your own home
rather than rent. The obvious reasons include pride of ownership, building your
own equity instead of someone else’s, no more landlords, and of course the tax
benefits you reap. There are a multitude of other reasons why owning your own
home can make your life better.
One of the most overlooked reasons for owning a home is the freedom you get once
you have achieved this major goal in life. Many first-time homebuyers find that
once they have bought a house, many other aspects of their personal life seem to
fall in place. The security and piece of mind that come with home ownership is
a great accomplishment in many people’s lives, and once they have overcome the
obstacles, they find that other goals they had set out to achieve become much
easier to attain.
There is a great sense of belonging to the community once you own a home. You
begin to feel more attached to the city and its people. You will find yourself
more involved with community events - what is happening with the schools, roads
and shopping centers in your area. Some new homeowners find themselves getting
into local politics in order to create better surroundings, which is something
renters seldom do.
Home ownership is a strong anchor for your life. You have something that
represents a strong commitment and a sense of stability. Again, the aspect of
freedom comes up - you won’t have to worry about a landlord telling you it is
time for you to move, your children won’t have to worry about whether they will
have to change schools, and you are blessed with the ability to plan for the
future.
By owning a home, you will find yourself in more control of your
immediate surroundings. You can change things and decorate to your tastes, and not be
limited by the standards of a landlord. You do not have to seek someone else’s
approval if you decide to remodel or alter the landscaping. Your home truly is
your castle.
If you have children, you will find that they feel more secure when coming home
to a house that is not owned by someone else. There are no worries that they
will be suddenly forced to change schools and reestablish their lives at the
decision of someone else. You can also get to know your neighbors, and if they
have children, lifelong friendships can be formed because everyone knows that
they will be around each other for years and years.
One final aspect that cannot be overlooked is the pride that you feel when you
own your own home. You have proven to yourself that you can achieve monumental
goals and can give your family the security it needs to move forward in life.
Once you have built up equity in your first home, you can leverage your equity
to purchase a nicer home later.
Now, just how do you determine "How Much" Benefit and "How Long it Takes" to
Realize the Benefit of Owning a Home. Unlike most agents, we could provide
you with the following:
-
An
analysis of the financial benefit of
Owning a home versus Renting
one. You will receive a customized analysis of the economics of renting
versus owning as it applies to your personal situation.
-
Show you that with minimal cash, you could buy your own home.
-
If
you qualify, a mortgage pre-approval.
-
Show you based on your income and financial position, the price
range of homes you are likely to be able to buy.
-
Show you the market area where the homes in these price ranges are
likely to be found.
Choose your agent wisely. Working with a full-time professional real estate
agent is a must. Ask questions of your agent. Find out how knowledgeable he or
she is about houses currently for sale in your price range and also of houses
that have recently sold. Can your agent recommend a good lender that has the
reputation of excellent customer service and low rates? Does your agent ask
questions of you to have a full understanding of what you are looking for to
help you get the most home for the money?
To receive
your FREE copy of Homebuyer's Handbook or Homeseller's Handbook, click here.
| 
is a service mark of The Prudential Insurance Company of America.